If Dubai’s real estate development has to be looked into luxury, one would find two names cropping up-DAMAC Properties and Danube Properties . Both developers seem well-settled in the Dubai property market, with different projects pitted against different segments, starting from ultra-luxury projects in Dubai to affordable housing. If you’re thinking about an investment in the property market of Dubai, consideration of what each has to offer becomes quite imperative. Let’s break down their projects by price and everything that makes them unique.
About DAMAC Properties
DAMAC Properties is a Dubai Real Estate Company in UAE developed by Hussain Sajwani on 28th January 2002. The company was registered on the London Stock Exchange for the first time in December 2013. DAMAC is best known for delivering quality residential developments that follow current standards and offer cutting-edge standard homes across Dubai.
Key Projects by DAMAC Properties:
-
- DAMAC Lagoons
A community of a kind inspired by some of the world’s most celebrated waterfront cities, Santorini Costa Brava.
Property Types: 3, 4, 5 & 6 Bedroom Villas/Townhouses
Starting Price: AED 1,535,000 - DAMAC Hills
A sprawling community in Dubailand comprising apartments, townhouses, and villas on an as-required basis with a theme of manicured green spaces, golf courses, and luxury amenities.- Featured Projects:
- Golf Vita Apartments – Studio, 1 & 2 Bedroom Apartments from AED 960,000
- Silver Springs Villas – 4 Bedroom Villas from AED 1,990,000
- Canvas Premium Plots – Plots in Damac Hills starting from AED 4,600,000
- Featured Projects:
- DAMAC Hills 2 (formerly AKOYA Oxygen)
Dubai’s first green community with a focus on sustainability has a mix of villas, townhouses, and apartments that are set amidst green spaces, golf courses, and other areas for recreation.- Featured Projects:
- Vista Lux Apartments- Studio, 1 & 2 Bedroom Apartments Starting from AED 960,000
- Morocco Phase 2 – 4, 5, 6 & 7 Bedroom Villas/Townhouses starting from AED 3,224,783
- Featured Projects:
- DAMAC Riverside
A luxurious riverbank residential project comprising an ensemble of 4- and 5-bedroom units, planned to let one’s life triumph in luxury and serenity.
Types of Properties: 4 & 5 Bedroom Villas
Starting Price: AED 3,224,783
- DAMAC Lagoons
About Danube Properties
The Danube Group was founded in 1993 by its Founder and Chairman, Rizwan Sajan. It started as a small trading company that grew with time into the largest building materials company-most heavy in the sectors it operates in. In 2019, the developer reported an excellent turnover of USD 1.3 billion, indicating steady growth in tandem with the existing market forces. Mr. Rizwan Sajan further drove this driving force behind the Group earned recognition by securing 12th rank in Forbes Middle East’s ‘Top 100 Indian leaders in the UAE’ list.
- Key Projects by Danube Properties:
- Danube Bayz 101
The well-known residential towers in Business Bay provide a diversity of choices for apartments.
Property Types: Studio, 1, 2, 3 & 4 Bedroom Apartments/Penthouses
Starting Price: AED 1,350,000 - Danube Oasis
Ormond is one of Dubai’s latest luxury residential complexes at Dubai Silicon Oasis, actually positioned as an affordable deal.
Property Types: studio, 1, 2 & 3 Bedroom Apartments
Starting Price: AED 775,000 - Danube Fashionz
FashionTV Residences are among the most stylish apartments situated in the Jumeirah Village Triangle , developed in association with FashionTV.
Property Types: Studio, 1, 2 & 3 Bedroom Apartments
Starting Price: AED 850,000 - Danube Oceanz
It is indeed a high-rise, plush development in Dubai Maritime City, consisting of various luxury apartments with coast views.
Property Types: Studio, 1, 2, 3 & 4 Bedroom Apartments
Starting Price: AED 1,163,000
- Danube Bayz 101
Damac vs Danube: Which developer is right for you?
Both DAMAC and Danube found their way into the highly competitive real estate market of Dubai. While high-end communities, such as DAMAC Hills and DAMAC Lagoons, made DAMAC a luxury developer, Danube capitalizes on the affordable luxury niche to present it within the grasp of first-time buyers and middle-income investors. Quick comparison:
- Luxurious to Affordable: When thinking of high-end luxurious properties with a load of prime amenities and locations, DAMAC will be an automatic choice. At the same time, Danube offers great value for money if one prefers more affordable units without compromising on quality.
- Investment Potential: Both developers have strong returns on investment. Whereas properties by DAMAC in areas such as DAMAC Hills can offer as high returns as 9.13% for villas, Danube’s more affordable offerings have also shown very strong demand and quick sell-outs, particularly for off-plan projects.
Conclusion
It all depends on your budget, investment mindset, and lifestyle preference. If you would rather go for lavishness in living provided by DAMAC or affordability with high-class homes from the Danube, the real estate in Dubai is all about choices. Consider project types, prices, and investment potential.
techteamxlr8@
jamesrowan