Glamz Residence - Al Furjan Master Community

Glamz by Danube is to be launched in May 2016. This project will resemble the Ritz development launched in Al Furjan in January 2016. This project will offer fully furnished studio, 1 and 2 bedroom apartments. More to follow.

Master Community: Al Furjan Master Community
Property Types Available: Apartments
Status: Under Construction
Year Launched: 2016
Estimated Completion Date: December 2018
Developer: Danube Properties
Title Type: Freehold
Quality Classification: Mid-end
Height Classification: Mid-rise
Life Cycle: Under Contruction
Under Construction Buildings: 2

Lookup.ae reports prices and transactional information for Al Furjan Master Community

New Danube apartment project launching in October 2016 in Arjaan

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About Glamz Residence

Property Types

  • Studios: Fully furnished. Built up areas range from 405 - 425 sq. ft. Prices range from AED 440 - 470,000.
  • 1 Bedrooms: Fully furnished. Built up area 696 sq. ft. Living room converts into a bedroom at night. Prices range from AED 770 - 820,000.
  • 2 Bedrooms: Fully furnished. Built up area of 1,000 sq. ft. Prices range from AED 1.1 - 1.2 million.

Payment Plan

10% on booking (plus 4% Oqood fees)

15% sixty days after booking

1% a month for 75 months

Feasibility

1. This project is located next to Danube's Ritz (Starz) project which was launched in Dec 2015. All 450 units in Ritz were sold out over a 4 week marketing period.

2. Excellent location. Located a short distance from Sheikh Zayed Road and very close to mature communities like Al Furjan Villas, Discovery Gardens, The Gardens, JLT and Dubai Marina.

3. Al Furjan is a real estate hotspot - a term we use to define a high growth area. The new Metro-Line runs parallel to Furjan and the new metro-station is just 800 m away from Glamz Residence.

4. The units are fully furnished and furnished with high specs. There is a utilization of space innovation which makes these apartments very unique. There are show apartments available to view so you can see exactly what you are investing in.

5. The payment-plan is fantastic. 10% down, 15% after 60 days and then 1% a month for 75 months. Delivery is in 30 months (June 2018).

6. By the time you receive your unit, you would have paid 53% of the purchase price. The rental income of these units will cover over 90% of yearly installment fees.

7. Expected Prices:

- Studios from AED 440,000

- 1 Bedrooms from AED 7655,000

- 2 Bedrooms from AED 1,025,000

- 1 Bedrooms have a special design that allows the living room to be converted into a 2nd bedroom at night.

Positives of Glamz Residence

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