The Elitz 3 Project In India has officially been launched by one of the fastest-growing private real estate developer in the UAE. Danube Properties made an announcement confirming the launch of the mega development, which is within Jumeirah Village Circle (JVC). It will also be in the same area as the Elitz and Elitz 2 towers, of which are currently under construction. Quite impressively, Danube will also deliver a total of 3 projects in 2023 namely, Olivz, Wavez, and Jewels.
As a whole, the Dubai real estate market is reported to defy global economic slowdown due to its unique and dynamic growth. The Founder and Chairman of Danube Group further stated that Indians are at the forefront, in regards to investing in the UAE real estate market. Furthermore, Rizwan Sajan said that the company observed an increasing number of Indians opting for its well-known, 1% plan. Official reports reveal that well up to 42% of Indians made investments in the Elitz 2 project, with 100% opting for the 1% payment plan.
The Elitz 3 Project In India’s Total Value
The Elitz 3 Project In India boasts a total development value that exceeds US$200 million (Rs 1800 crore). In a nutshell, the twin towers will comprise 46 and 40 floors, delivering 750 residential units. The residencies will include one-bedroom, two-bedroom as well as three-bedroom apartments. In addition to studio units alongside some retail stores.
Residents of the Elitz 3 will have access to an array of health, community, and lifestyle amenities. These include swimming pools, a barbecue area, and a health club. Additionally, the development will also feature a tennis court, sports arena as well as a jogging track. According to a press release, the developer aims to complete the project by the fourth quarter of 20206. Prices of the residential apartments will range from Rs 1.57 crore (Dh 699) which is about, US$190,305).