Danube Properties also announced it has roped in renowned Pakistani cricketer and skipper Sarfaraz Ahmed as Brand Ambassador
BE2C2 Report– Danube Properties Monday launched marketing their latest skyscrapered residential project in Dubai to a packed crowd of Pakistanis at a local hotel in the country’s economic hub promising to deliver all the fully-furnished luxury units in 75 months and a very attractive Return on Investment (ROI).
The Dubai-based building materials and real estate developer announced ownership model for potential investors on 75 monthly installment plan starting at AED6490 for the smallest 1-bedroom unit. The business model they said includes 25 percent of total price as down payment and remaining to be paid monthly as 1 percent of the selling price.
Based on these numbers, the selling price of the smallest unit comes to around AED649,000.
Payment schedule the developers announced include AED 10% Down payment; AED 10 % payment after 60 days; AED 5% after 120 days; And monthly installment of AED6490.
The project located near Business Bay includes full amenities with completion time of 3.5 years– Dubai’s real estate market is preparing for a new phase of growth in the run-up to Expo 2020.
The head of CEO’s Club Worldwide Pakistan chapter Mr. Tariq Nizami while introducing the Dubai company assured attendees they would be investing in one of UAE’s top developers where ‘tax free’ rental income (8%-10%) is the highest in the region. Danube’s marketing head said the investment could fetch up to 15 percent ROI.
The Dubai company also announced it has roped in renowned cricketer Sarfaraz Ahmed as Brand Ambassador and A&I Group of Companies, a Pakistan-based firm as its local marketing partner, and aims to expand its selling initiative all over the country.
Pakistanis and overseas Pakistanis are one of the largest investors in Dubai real estate– trailing at third overall and in second position among South Asians for the last several years.
Last year, as per official figures reported by Dubai Land Development Agency, Pakistani nationals invested about AED7 billion in the real estate market.
Recently, Pakistan’s real estate developers participated in a Dubai trade show to attract investments in the country’s fastest growing sector.