DUBAI: Residential properties in Dubai is registering robust growth in terms of yields than any other properties in the world’s leading cities, leading developers in the country confirm.
This optimism is already very evident with Danube Properties, UAE’s leading property developer, and part of Danube Group, which has been enjoying high demand and interest, with their famous one per cent payment plan, allowing customers to be the proud owners of a property by paying as low as Dhs4500 per month. The other factor of Danube’s popularity is the conversion of a one bedroom to two, making it even more affordable.
Presently, Danube Properties has an impressive book value of Dhs 2.2 billion worth of extremely successful projects with millions of square feet currently under construction, says the Danube Group Founder and Chairman Rizwan Sajan.
Rizwan while speaking on the sideline of the launch a new realty project called ‘Resortz’, in Dubai’s Arjaan neighbourhood, noted that as a result, investors are able to purchase property at low prices and reap rich dividends, while the absence of property tax further adds to Dubai’s investment confidence.