CBNME
REAL ESTATE
Can you tell us about the considerable growth that Danube Properties has had over the last few years in terms of employees, projects, revenue, company expansion? Danube Properties has grown from a single project property developer in 2014 to a 16-project developer with a portfolio value exceeding Dh5.3 billion and 8,002 residential units, of which 11 projects have been delivered to clients so far. We launched Danube Properties in 2014 with Dreamz, a cluster of 171 townhouses, with a development value of Dh500 million. The project was sold out at launch. We have so far delivered 4,556 units with a combined sales value of Dh3.63 billion – nearly two-thirds of the entire portfolio value. In terms of project launch-to-delivery ratio, we are one of the top developers who have been consistently delivering promises of affordable luxury, year after year. Our customers trust us for keeping our promises.
HIGH QUALITY IN CONVERSATION WITH RIZWAN SAJAN, FOUNDER AND CHAIRMAN OF DANUBE GROUP 20 | CONSTRUCTION BUSINESS NEWS ME | APRIL 2022
Can you tell us about the latest projects completed by Danube Properties and what are the potential future projects in the pipeline? We have just announced the launch of Pearlz, a residential project offering 1,000 residential units and several retail and recreational facilities with a development value exceeding Dh300 million. It is our 16th project. Pearlz is the first real estate project to be launched in the UAE in 2022 – and the second project by Danube Properties to be launched within five months after launching the Dh475 million Skyz project in Arjan in October 2021. All our projects come with community facilities – despite being in the affordable homes segment – and includes, retail arcade, games room, kids play area, state-of-the-art health club, outdoor gymnasium, infinity pool, lilly pool with water beds, kids pool, outdoor jacuzzi, viewing deck, paddle tennis, gazebo, outdoor seating area, water bodies, BBQ area, jacuzzi lounge, party hall with billiards room, balconies, terraces, gardens, parks, plazas and business centers in selected projects. WWW.CBNME.COM
