Danube Properties, a UAE-based real estate developer, has launched its operations in the south Indian state of Kerala by opening its sales and marketing office in Kochi. The inauguration ceremony was attended by Rizwan Sajan, founder and chairman of Danube Group; Atif Rahman, director and partner of Danube Properties; Bollywood actress Sunny Leone, and other senior management of the company.
This is the developer’s third marketing and sales office in India — after it launched operations in Mumbai in 2016 and Delhi in 2017.
India is one of the UAE’s strongest economic partners. In 2018, Indian investors had accumulated 31 foreign direct investment (FDI) projects launched in Dubai with a total of 3.71 billion dirhams ($1 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 Gulf countries — are a major source of investment in 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. We want to come closer to our target audience and provide the best assured deal,” Sajan said.
He added: “The UAE is a good place for real estate investment ... We at Danube Properties offer up to 15 percent return on investment. As a developer we not only deliver good homes for end users but also provide the highest rental yield for the investors.”
Danube Properties director Rahman said: “We have a well-balanced portfolio of property buyers of 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 added: “Our office and our people will help develop a strong network with investors from Kerala and help them own their second home in the UAE through Danube Properties.”