UAE-based real estate firm Danube Properties has launched the third block of its Glitz project, ‘Glitz Residence 3’, in Studio City, Dubai.

The launch, which has an estimated worth of $100m, is the third realty project to be introduced within a year under the ‘Dreamz by Danube Glitz series’.

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Glitz 1, 2 and 3 has a combined value of AED1.2bn ($326m), reports ArabianBusiness.com.

Danube Group chairman Rizwan Sajan said: "Followed by the phenomenal success and 100% sell out of Glitz 1 and 2, Glitz 3 poses as a vibrant example of urban upscale community living that offers exceptional value across all aspects."

"Aimed at middle-income residents in the country, the project will feature studio, one, two and three bedroom apartments across two towers of eight levels each."

The new development, which was conceptualised and designed by Danube, will have 352 apartments. Starting prices have been kept at $130,000 (AED475,000).

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Aimed at middle-income residents in the country, the project will feature studio, one, two and three bedroom apartments across two towers of eight levels each. Six shops will also be set up as a part of the development.

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Rizwan Sajan said: "Ideal for families and professionals, our project stands out for its high standard of finishes and amenities.

"The location catering to the urban upscale community has been deliberately chosen to appeal to our potential investors and buyers."

Units at the apartments or studio represent a mixture of contemporary architectural style along with modern facilities.

Potential investors for the properties will have the option to choose from floor plans and layouts, and can go with quality finishing or a standard one, which will be used across all residences.