Danube Group, a Dubai-based real estate developer, is now eyeing expansion into Abu Dhabi and Ras Al-Khaimah, two other emirates in the United Arab Emirates (UAE). This move is driven by the growing interest from Indian investors in these real estate markets.
Rizwan Sajan, the founder and chairman of Danube Group, revealed that Indian investors comprise almost 30-40% of the company's clientele in Dubai. Considering this interest, the company plans to launch new projects in Abu Dhabi and Ras Al-Khaimah. Danube Group is known for its innovative "1% payment plan," which allows homebuyers to make a 20% down payment and then pay 1% per month for the next 80 months, with the property being delivered in three years.
The company's focus on the Dubai market has been successful, with the launch of at least 12 projects in the last two years. While Danube Group is currently tied up in the Dubai market, the company may explore opportunities in Abu Dhabi and Ras Al-Khaimah in the future. Additionally, Sajan expressed interest in the Saudi Arabian real estate market, though the company does not have immediate plans to expand outside of Dubai.
