Dubai-based Danube Properties has said it has sold out its maiden project in the emirate during a day-long sales campaign held last week, reflecting strong investors’ interest in the Dubai property market, Khaleej Times has reported. All of the 171 townhouses within ‘Dreamz by Danube’ project were sold on the first day of commercial launch of Dhs500m project, the firm said. “This is our first project and the sell-out of all of the 171 townhouses reflect investor confidence in Danube Properties as well as the real estate market in Dubai,” said chairman of Danube Group and Danube Properties, Rizwan Sajan. “This end-user and investor endorsement will encourage us to carry out our construction works and deliver the project timely to our valued customers by 2016 and also launch more such projects in the coming years,” Sajan said.
The Doha-based Qatar Exchange (QE) 20 Index fell by 0.43 per cent to 13,486.12 points on Monday, October 27.
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