Wealth Monitor April 2016 | Page 22

PORTFOLIO | Interview “Project financing has never been an issue for us” Rizwan Sajan, Founder & Chairman, Danube Group, says if a project is offered at right price, at right payment terms and at right location, there’ll always be buyers in the market Please take us through the current and upcoming projects of Danube Properties and your business model. Danube Properties’ first project was ‘Dreamz’ that was launched in June 2014, comprising of 171 townhouses. Subsequently, last year, we launched ‘Glitz Residence’ 1, 2 and 3; all located in Dubai Studio City and have almost 850 apartments. The latest project which we just launched in January this year is ‘Ritz Residence’, located in Al Furjan and offering 454 units. Hopefully, in April we’ll be launching another new project in the same Al Furjan area and almost on the similar design and patterns of Ritz project. Since beginning, Danube Properties’ focus has always been to cater to buyers looking for affordable property, especially those who’re currently paying rent, and thus enable them to own their apartment by offering them more value for their money. We’ve received tremendous responses for all of our projects so far simply because we offer more value to our customers through two of our unparalleled offering. The first is the flexible payment terms. As per this plan, buyers of our property can pay only 25% upfront within 60 days of booking and the balance 75% can be paid in 75 equated monthly instalments of only 1% per month. The second way through which we create value is by offering not just furnished apartments but expandable living rooms as well that can be converted into a bedroom. While sofa and wall cabinet make a wonderful addition to our living rooms, buyers can easily unfold the expandable sofa and pull down the wall cabinet to use it as a bed. 20 20 What’s encouraging you to launch projects in current times when everybody is talking about slowdown? We believe that if a project is offered at right price, at right payment terms and at right location, there’ll always be buyers in the market. www.wealth-monitor.com | April 2016