We launched our second residential project Pearlz within five months of launching Skyz in October last year. This demonstrates the return of investors in Dubai’s real estate market and our firm conviction on the strong rebound of Dubai’s real estate market from the pandemic.
The project will be developed in Al Furjan area close to Ibn Battuta mall with the easiest access to Sheikh Zayed Road and Mohammed Bin Zayed Highway. The affordable homes come with Danube Properties’ trend-setting 1 percent payment plan that helps middle income tenants and end-users to easily acquire their dream homes.
The launch of Pearlz is in response to growing demand for affordable quality homes in Dubai, as the market remains under-served. We are a firm believer in the long-term sustainability of Dubai’s real estate marker – this is more evident now, especially following the pandemic that halted all commercial activities in the real estate market for a short period during the lockdown in 2020. The market rebounded early last year, despite the second COVID-19 wave. However, international investor confidence returned faster than expected.
The Dubai real estate market is looking up and the investor confidence is back, the government has eased all Covid-19 restrictions and PCR testing is no required to enter and exit Dubai which has made connectivity a breeze amongst its residents and investors alike. This particular project is a bit different from the other projects and will have many luxurious elements in it including multiple amenities.