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Danube Group has unveiled a new living concept that creates more space at its newly launched Ritz development, a Dh300 million project in Al Furjan, Jebel Ali. The company said it has partnered with a Spanish home technology solutions provider that will install a sofa-cum-bed in the living room with the bed tucked into the wall as part of the interior home décor. When released from the wall, the sofa transforms into a bed. Additionally, the collapsible doors provide quick and easy space division for privacy.
The unit comes as part of a fully furnished home at the Ritz. Residences at the project start at Dh430,000 for a studio flat. The company offers a payment scheme of 1 per cent monthly. Buyers will pay 52 per cent of the total value before handover.
''We are bringing the latest home technology to our customers at a time when consumers are looking for more with less — something that we have been doing for sometime with our Glitz project,'' said Rizwan Sajan, Founder and Chairman of Danube Group.
''This takes our famous 1 per cent monthly payment concept to the next level where we are doubling our offer with the same 1 per cent payment. Our fully furnished package deal that comes with the home reduces the extra burden of looking for matching furniture and amenities. With this, we are offering a one-stop home services so that the homeowner can walk into the new home to use everything straight away.''
The Ritz is Danube Properties' third major project after Dreamz and the Glitz trio, and takes the total value of the group's real estate portfolio to Dh1.5 billion. Ritz offers 450 apartments, including 180 studio, 135 one bedroom and 135 two-bedroom apartments with built in modular kitchen, furniture and complete bathroom fittings by Milano, Danube's Italian bath solutions.
Ritz also features a health club, sauna, jacuzzi, tennis court, car parking, basketball court, badminton court, paddle tennis court, pool, jogging track and party hall.
''The new home solution will appeal to new couples and small families who are on the move and want a ready-made home, as well as give them enough space to entertain and host guests and friends over the weekend,'' said Sajan. Since we can't expand the space at home, we found a better way to utilise it by the use of innovative technology.
He adds: ''We believe our new offerings will stimulate families with household incomes of Dh15,000-Dh25,000 to buy homes as opposed to stay in rented apartments.''
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Source: Property Weekly