A Commercial tower in Dubai named after Indian Film Industry’s legendary actor Shah Rukh Khan sold out for over Rs 5K cr
The echoes of success resonate throughout Dubai, as Danube Group announces the total sell-out of their landmark project, ‘SHAHRUKHZ by Danube’. This striking commercial tower, lining the iconic Sheikh Zayed Road, has generated a remarkable revenue underscoring the vibrant demand for commercial real estate in the emirate.
The event, which was attended by Shah Rukh Khan, saw participation of around 7,000 people, including real estate brokers.
As per Shah Rukh Khan ‘to see a project of this scale in Dubai carry his name is both an honour and a reminder of how generosity and vision can come together. Dubai has always embraced him with warmth – it’s a city built on courage, imagination, and the belief that nothing is impossible.
It was in last month in Mumbai, that Danube Group in presence of the Shah Rukh Khan had launched the
55-storey commercial tower for sale. The company will complete this tower by 2029.
When asked about the total project cost, Sajan on Monday had told PTI that it would be around Rs 3,500 crore including land, and construction among other expenses.
He said the investment would be met through internal accruals and advances from customers against sales.
According to Rizwan Sajan “the commercial project is set to emerge as one of the most prestigious business landmarks in Dubai. Rizwan Sajan and
Shah Rukh Khan hinted that there could be more towers named after him.
Adel Sajan, Managing Director of the Danube Group, said this celebrity tower has been conceptualised and designed after studying more than 100 prime commercial projects across the world.
Out of one million sq ft area in this upcoming tower, more than 9 lakh sq ft would be office spaces.
Adel noted that there is a scarcity of Grade A office space in Dubai while the demand is strong from multi-national companies that want to set up base here.
The MD strongly feels that the demand for both residential and commercial space in the Dubai market would remain strong in the coming years.
Danube Properties, a subsidiary of the Danube Group, is one of the leading private real estate developers in Dubai.
Founded in 1993, Danube group entered the real estate development business in 2014. It is also into building materials.
The company has so far launched 40 real estate projects, of which 18 are already delivered and the rest are at different stages of construction.
As per Adel Sajan the company is expecting to achieve sales of properties worth
₹22,000 crore this calendar year, and out of that 25 per cent will be from customers of Indian nationality.
News Edit KV Raman
