Danube building $108.9m ‘Olivz’ in Dubai

Rizwan Sajan, founder and chairman of Danube Group, and Atif Rahman, director and partner of Danube Properties, with other officials at a press conference.
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Updated 17 March 2020

Danube building $108.9m ‘Olivz’ in Dubai

Danube Properties, the UAE-based real estate developer, has announced the launch of Olivz, a master-planned cluster of buildings offering 741 residential units and a number of retail and recreational facilities with a development value exceeding 400 million dirhams ($108.9 million).
The project will be developed in Al-Warsan First area close to the International City and Dragon Mart with easy access to Mohammed bin Zayed Road. The affordable homes come with Danube Properties’ 1 percent payment plan that aims to help middle income tenants and end-users to easily acquire their dream homes.
The announcement was made at a press conference addressed by Rizwan Sajan, founder and chairman of Danube Group, and Atif Rahman, director and partner of Danube Properties.
This marks the first real estate project launch of 2020 in the UAE and reflects Danube Properties’ confidence in the market that is witnessing a slow upturn as the countdown to the World Expo 2020 — that is expected to drive the demand for new homes — gains momentum.
With Olivz, Danube Properties’ development portfolio grows to 6,194 units, with a combined development value exceeding 4.5 billion dirhams. It has so far delivered about 2,155 units, with a combined sales value of 2.1 billion dirhams — or nearly half of its portfolio value.
“The launch of Olivz reflects our growing confidence in Dubai’s real estate market, which never ceases to amaze investors. The launch is timed well to meet the needs of the growing number of end-users who are now more confident to buy their dream homes,” said Sajan.

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741 - residential units will be constructed as part of Olivz, at Al-Warsan First, close to the International City, with easy access to Mohammed bin Zayed Highway.

“We have seen demand picking up in the last few months as we sold out all our previous projects — that necessitated the launch of Oilvz. With World Expo 2020 around the corner, we see an uptake in housing demand and the launch of Olivz is well timed to meet the demand.
“Olivz also gives Dubai’s real estate brokers a good number of inventories to promote and sell, and we are happy to see them requesting advance booking of units.”
Olivz will be developed on an 18,016-square-meter plot of land at Al-Warsan First. Each residential building will be uniquely positioned facing landscaped gardens, with amenities such as swimming pool, jacuzzi, sunken seating surrounded by water bodies, water canals, play courts, kids’ play areas and a BBQ area.
Rahman said: “Olivz is another project that will reflect our commitment to designing and delivering a happy community. It is driven with the intention of creating a superior lifestyle for the mid-market segment at extremely affordable prices. We have exerted immense efforts in ensuring that people will enjoy their life at Olivz once it is delivered.”


Bupa Arabia supports the underprivileged & orphans

Updated 26 May 2020

Bupa Arabia supports the underprivileged & orphans

Bupa Arabia for Cooperative Insurance has partnered with the Ministry of Human Resources and Social Development to distribute 3,000 food baskets among underprivileged families, which are registered with the ministry’s Social Welfare and Family Welfare Agency. The initiative comes in line with the spirit of Ramadan, a month of giving, and in response to the COVID-19 outbreak.

This year, orphans who are covered under Bupa Arabia’s free health insurance program will help in preparing and distributing the baskets to inculcate a sense of giving among them.

Dr. Abdullah Al-Wahaibi, undersecretary at the Social Welfare and Family Welfare Agency, hailed Bupa Arabia’s move to involve orphans in preparing and distributing baskets under the supervision of the agency, saying: “This is a caring gesture from Bupa Arabia, and it promotes a sense of belonging among orphans while cultivating the principles of giving, communication and closeness between them and society.”

He added that the initiative supports what the company has been offering orphans for years. More than 2,600 orphans, living in more than 47 homes across the Kingdom, benefit from Bupa Arabia’s free health insurance program. The program includes divorced orphans and widows who live with their children in social care homes.

Loay Hisham Nazer, chairman of Bupa Arabia, said: “The orphans will be joining hands to assemble and distribute baskets to the families in an attempt to get a sense of the pride of giving during the holy month. We’ve also extended this to our employees, who collectively prepared 411 food baskets. We hope that we make a real and positive impact through this initiative.”

Bupa Arabia was the first company to offer free health insurance for residents of “Dar Al-Rafeef” in 2011. Three years later, in 2014, the program expanded to cover all orphans residing in shelters supervised by the Ministry of Human Resources and Social Development.

“We believe that in order to play a proactive role in society, we need to provide more than just health insurance; we should aim to become the health care partner for every orphan in Saudi Arabia. Therefore, we would like them to know that we are always by their side,” Nazer said, adding that the orphans receive special treatment and the same services that are given to some VIP clients.

The free health insurance program offers a range of quality services, including a designated hotline to receive calls and provide immediate assistance. Bupa Arabia also developed an integrated program that enables doctors to visit beneficiaries periodically for checkups, and regularly organizes health education workshops to raise awareness. The program is approved by the Cooperative Health Insurance Council and covers all treatments, including plastic surgery, dermatology, and even cases that are not covered by regular health insurance.