Dubai, UAE — Danube Properties sold all three penthouses at Shahrukhz Residences, a Dubai tower named after actor Shah Rukh Khan, on its launch day, the developer said on Thursday.
The penthouses, designed by Khan’s wife Gauri Khan, were priced at about Dh19.6 million ($5.35 million) each. Danube did not say how many of the tower’s other apartments had been sold or how many it plans to build.
The project is Danube’s second to carry Khan’s name. It is aimed largely at Indian buyers, who were the biggest group of foreign home buyers in Dubai last year. They now face a dirham that has risen about 6.8% against the rupee in 2026.
“The response, particularly the penthouse sell-out, is a proud milestone for our team,” Danube Group founder and chairman Rizwan Sajan said in a statement.
Danube launched Shahrukhz Residences, a 60-storey tower in Dubai Maritime City, at Coca-Cola Arena on Wednesday. Khan and Gauri Khan attended the event, which was hosted by filmmaker Karan Johar. Sajan told Khaleej Times the company had received 500 expressions of interest before the launch.
Shahrukhz Residences Prices Start At Dh1.65 Million
Apartments at Shahrukhz Residences are sold furnished, from studios to three-bedroom units, and start at Dh1.65 million. That is about Rs 4.3 crore, by Invest Dubai Today’s calculation. Buyers pay 30% during construction and 70% at handover, which is expected by the end of 2029, ThePrint reported.
Danube has not published unit sizes, so the tower’s price per square foot is not known. One-bedroom flats in Dubai Maritime City sold at a median of Dh3,021 per sq ft across 978 deals between January and 10 November. The figures come from Qiyas, which compiles Dubai Land Department records.
Shahrukhz Residences will have more than 40 amenities, Danube said. They include a wellness lounge offering cryotherapy and hyperbaric oxygen therapy, a rooftop club and access to a private yacht.
A Second Danube Tower On Khan’s Name
Danube’s first Khan-branded project, the Shahrukhz commercial tower on Sheikh Zayed Road, sold out on its launch day in 2025 with sales of Dh2.1 billion, the company said. It accounted for about 40% of Dubai’s off-plan office sales in the first quarter of 2026, according to consultancy Cavendish Maxwell. The tower has yet to be completed.
Branded homes sell at higher prices in Dubai. Branded flats averaged Dh3,662 per sq ft in the first half of 2026, 56% more than unbranded ones, according to Morgan’s. The value of branded sales fell 47% over the same period.
Most branded projects in Dubai carry a hotel, car or fashion label. Neither Shahrukhz tower has been completed, so there is no resale data yet to show whether Khan’s name lifts values at Shahrukhz Residences.
Sajan told Khaleej Times that prices at the new tower could double in four to five years. He did not give a basis for the forecast.
Also read: Dubai Branded Residences Hold 56% Premium As Pagani Tower Hands Over
What Indian Buyers Pay Under LRS
Indians made up 22% of Dubai home buyers in 2025, ahead of Britons at 17%, according to property consultancy Anarock.
Under India’s Liberalised Remittance Scheme, a resident can send up to $250,000 abroad each year. On an entry-level unit at Shahrukhz Residences, the 30% construction-stage payment of about $135,000 falls within that limit. The 70% due at handover, about $315,000, does not, unless a couple pools two allowances.
Remittances above Rs 10 lakh attract 20% tax collected at source, and Indian banks cannot lend for LRS transfers. The dirham’s rise against the rupee has also lifted the rupee cost of every instalment this year.
In Mumbai, Rs 4.3 crore buys about 1,480 sq ft at Anarock’s mid-2026 city average of Rs 29,270 per sq ft. That is a city-wide average and not a like-for-like comparison. Branded projects in India sell at an average premium of 32%, according to consultancy NOESIS.
Maritime City Supply And What Comes Next
The tower adds to a growing pipeline in Dubai Maritime City, where Danube is also building its Oceanz and Breez projects. Danube said in July it would hand over 11 projects within 12 months, including the three Oceanz towers.
Across Dubai, Cavendish Maxwell expects 136,100 homes to be completed in 2027. CBRE put Dubai rents 7% lower in the third quarter.
Danube has not disclosed the unit count, total sales or construction cost of Shahrukhz Residences. Floor plans and the project’s registration with the Dubai Land Department would give buyers a basis to compare its prices with nearby towers.
For investors, the penthouse sale shows demand for celebrity-linked homes at the top of the price range, but it covers only three units. End-users would get a furnished flat with most of the price due in 2029. For buyers in India, that handover payment exceeds one person’s annual LRS limit at the entry price.
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