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.
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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