Danube Properties has launched operations in the south Indian state of Kerala by opening its sales and marketing office in Kochi.
Present on the occasion was Rizwan Sajan, founder and chairman of Danube Group; Atif Rahman, director and partner of Danube Properties; and Bollywood actress Sunny Leone; along with other senior management of the company. This is the developer's third marketing and sales office in India - after it launched operations in Mumbai in 2016 and Delhi in 2017.
India is one of the UAE's strongest economic partners with huge investments from both countries. In 2018, Indian investors have accumulated 31 Foreign Direct Investment (FDI) projects launched in Dubai with a total of Dh3.71 billion in capital. This makes India the second largest investor in Dubai in terms of FDI capital and the fourth largest in terms of projects during the first nine months of the year.
"Indian nationals - including Non-Resident Indians (NRIs) living in the Gulf countries - are a major source of investment in to Dubai's real estate. Their growing purchasing power is helping developers to sell properties and complete projects and that the reason of the launch of our sales and marketing office in Kochi. We definitely want to come closer to our target audience and provide the best assured deal," said Rizwan Sajan, founder and chairman of Danube Group. "The UAE is absolutely a good place for real estate investment. And with developers like us are coming up with many lucrative scheme and timely delivery of the projects. Trust me your money is definitely in safe hands. We at Danube Properties offer up to 15 per cent return on investment. As a developer we not only deliver good homes for the end-users but also provide the highest rental yield for the investors.
Atif Rahman, director and partner of Danube Properties, said: "We have a well-balanced portfolio of property buyers from 93 nationalities. A large number of our buyers come from outside the UAE - including China, India, Europe and Africa. A large number of families from Kerala live in the UAE and the Gulf countries. Their presence has over the decades, strengthened the bond between the two countries. According to a statistic compiled by the Dubai Land Department, Indian nationals, who form the largest foreign investor group in Dubai's real estate, bought properties worth Dh94.45 billion in the last six years - from 2013 to 2018 - in Dubai's property sector. Dubai offers one of the finest infrastructures with several global attractions, these are reasons enough to make it one of the best real estate investment opportunity. It is our firm view that investment in to Dubai's real estate from India will continue to grow."
The opening of office in Kochi comes two weeks after Danube Properties launched Wavez Residence - its latest project in Liwan, Dubai.