Sunday 15 September 2019
 
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Leone joins Sajan and Rahman at the opening ceremony.

Danube enters South Indian market with new Kochi office

KOCHI, 7 days ago

UAE-based developer Danube Properties has announced its foray into the South Indian property market with the opening of its new office in Kochi, Kerala.

The sales and marketing office was inaugurated by Bollywood sensation Sunny Leone in the presence of Rizwan Sajan, the founder and chairman of Danube Group, Atif Rahman, the director and partner and other prominent officials, business leaders as well as celebrities.

This is the developer’s third marketing and sales office in India – after it launched operations in Mumbai in 2016 and Delhi in 2017, said the developer in a statement.

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 the non-resident Indians (NRIs) living in the Gulf countries - are a major source of investment into Dubai’s real estate. Their growing purchasing power is helping developers to sell properties and complete projects and that is the reason of the launch of our sales and marketing office in Kochi," remarked Sajan.

"We definitely want to come closer to our target audience and provide the best assured deal," he added.

Speaking at the launch, Leone said: "It’s a pleasure to be part of this prestigious event of Danube Properties. Danube is an extremely popular and reputed brand with 25 years of trust and clean track record in Dubai."

"Middle-East and specially UAE is the second home for people of Kerala. Danube’s investment opportunities will add value to that relationship and will make it easy to invest in Dubai without having to travel there," she added.

Rahman said Danube had 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," he noted.

He pointed out that the new Kochi office will help develop a strong network with investors from Kerala and help them own their second home in the UAE through Danube Properties.

In fact as per the statistics compiled by the Dubai Land Department (DLD), Indians, 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, said Rahman.

"We offer a platform for safe investment with excellent quality and commitment to deliver our projects faster than anyone else. Since all our projects are at attractive location with modern design and supreme quality of finish, they offer high capital appreciation," he stated.

"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," he added.-TradeArabia News Service




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