Lockdown caused delay in transferring properties, however transaction levels remained consistent with over a thousand transactions month-on-month.
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The project, located in Al Warsan, features 741 residential units and is slated for completion in March 2021
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Slowdown can be seen as a natural move due to subdued market conditions
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Danube Properties has studios for sale from Dh290,000 at International City project.
Developers are back at testing the waters after a relatively quiet first half of the year. While the first six months of 2018 saw developers launch 7,000 units in Dubai, this was a small number in comparison with the 19,975 homes launched in the corresponding period a year ago, according to data from Reidin.
Danube Properties has launched its 11th project, titled Lawnz, in phase one of International City. The launch comes close on the heels of the developer reportedly selling out 95 per cent of its previous project, Jewelz in Arjan, launched in March 2018.