Page 57 - Arabian Business

q DUBAI HAS A
ESTABLISHED ITSELF B
AS THE CENTRE OF THE C
WORLD AND CONNECTS
THE WEST WITH THE D
EAST. DUBAI STILL E
OFFERS THE GREATEST F
GROWTH OPPORTUNITY” G

H

I
J
K

L
M
N
O
Rizwan exciting new opportunities in Dubai’s Q
P
ever-lucrative real estate sector.
Sajan It launched development company R
Danube Properties and its first scheme,
S
Dreamz by Danube, sold out within
hours of its 2014 launch. The company
targets the burgeoning – and much T
Founder and Chairman needed – affordable housing sector U
DANUBE GROUP in the UAE and currently has eight V
Real estate and construction projects under development, including
the trio it launched in 2016: Glamz, W
RIZWAN SAJAN’S ENTREPRENEURIAL Starz and Miraclz. X
journey began in the 1990s when he In addition to this, three Glitz towers
was forced to flee Kuwait following are under construction in Dubai’s Y
the invasion of the country by Iraqi Studio City and there are plans for
forces. On arriving in the UAE, he a new development called Resortz, Z
started working for his uncle but quickly a neoclassical-designed residential
branched out on his own to establish a development near Miracle Gardens.
brokerage business buying and selling In 2017, Danube Properties stated
building materials. that 75 percent of its Bayz project in
This led to the establishment of Business Bay was sold out within four
Danube, the company with which he months of the project’s launch. Officially
would establish his name as one of the breaking ground in May, the 29-storey
most prominent businessmen in the Bayz, which is valued at $122.5m, will
country. Danube started as a supplier comprise 456 fully furnished apartment
of building materials to hundreds of units and will be completed by 2019.
projects during the Dubai construction
boom, and he built his company into
the undisputed market leader in his AED2.8bn
sector, expanding to 38 offices across the
Gulf as well as in India and China, and
employing in excess of 1,800 employees. The total value of Danube
From this position of strength, the Properties’ development
group was able to diversify and seize portfolio in Dubai

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