India, Nov. 12 -- Danube Properties has sold out all penthouses, each priced at around Rs.50 crore, at the launch of its luxury residential project, Shahrukhz Residences, in Dubai Maritime City, marking a strong debut for the developer's latest celebrity-backed real estate venture.

Unveiled on November 11 at Coca-Cola Arena in the presence of Bollywood actor Shah Rukh Khan, designer Gauri Khan and Danube Group founder and chairman Rizwan Sajan, the project is the second collaboration between the developer and the actor. The launch event was hosted by filmmaker Karan Johar, with the penthouses, designed by Gauri Khan, emerging as the highlight of the evening.

The developer said all the penthouses were sold on the launch day, with each ca...