Apartments for sale in Ritz Residence

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Ritz Residence (Ritz Tower) by Danube Properties will feature two mid-rise residential buildings comprising of fully furnished studio, 1 and 2 bedroom apartments. As of Feb 22nd, 2016 - both towers are now sold out.

Property Types AvailableApartments
LocationAl Furjan
Year Launched2015
Estimated Completion DateJune 2018
DeveloperDANUBE     Click to view developer site
Prices Starting FromAED 440,000

Payment Plan:
– 10% on booking (plus 4% Oqood fees)
– 15% sixty days after booking
– 1% a month for 75 months

Apartments for sale in Ritz 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.

Current 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.

Launch Review:
January 5th 2016
The project has two towers and Danube are currently selling units in Tower 1. They plan to launch the second tower in late — January and will probably increment priced slightly.
The reviews of this project are very positive. Here’s an overview of the investment feasibility:

1. 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.
2. 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 Ritz.
3. The developer has launched 3 other projects and all of them are ahead of delivery schedule.
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.

Current 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.

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