{"id":12140,"date":"2016-05-08T23:54:30","date_gmt":"2016-05-08T16:54:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=12140"},"modified":"2016-05-08T22:10:10","modified_gmt":"2016-05-08T15:10:10","slug":"danube-focus-on-affordable-homes-boosts-sales-and-turnover","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/danube-focus-on-affordable-homes-boosts-sales-and-turnover\/","title":{"rendered":"Danube focus on affordable homes boosts sales and turnover"},"content":{"rendered":"


\nDanube Group reported an 83 per cent increase in turnover last year to Dh5.1 billion, partly buoyed by property sales.The Dubai-based group’s founder and chairman, Rizwan Sajan, attributed the growth of the company to the success of Danube Properties – the affordable homes development arm of the business that was launched in mid-2014. A focus on middle-income housing has helped to boost the overall real estate project value of Danube Properties to about Dh1.8bn, according to the company, despite an overall decline in Dubai house prices.The company launched four projects in the Al Furjan community – Glitz I, II and III, and the Ritz by Danube, now renamed Starz by Danube – last year. Mr Sajan has said that he anticipates launching “three to four” residential projects every year.”We started the properties division with a clear focus on affordable housing segment,” said Mr Sajan. “We identified the gap that existed in the market, which was too focused on luxury and super-luxury segments.”Last week, the company launched its sixth project, the Dh300 million Glamz Danube. Mr Sajan said that he was in talks to acquire more land plots that would enable two further schemes to be brought to market this year – one ahead of September’s Cityscape Global conference in Dubai and another before the end of the year.”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,” said Mr Sajan.On the retail side of the group’s business, Mr Sajan said that he plans to invest Dh200m into six new stores, bringing the total in its network to 50. He is also forecasting a growth of 15 to 20 per cent this year for the group’s building materials business.A real estate report published by the Dubai-based lender Mashreq yesterday forecast further declines in Dubai house prices throughout this year as more supply is built. “Close to 50,000 units are scheduled to enter the market over the following two years, representing a 10 per cent increase over existing supply,” the report said. “In the near term, subdued growth and transactional activity anticipated over the following 12 months offers an opportune environment to source discounted acquisitions.”mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Danube focus on affordable homes boosts sales and turnover<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Danube Group reported an 83 per cent increase in turnover last year to Dh5.1 billion,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-12140","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-39O","jetpack-related-posts":[{"id":402,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/danube-properties-launches-affordable-homes-project-in-dubai\/","url_meta":{"origin":12140,"position":0},"title":"Danube Properties launches affordable homes project in Dubai","date":"December 28, 2015","format":false,"excerpt":"\r \r Danube Properties on Monday launched its latest residential project \u2013 a Dh300 million development in the Al Furjan area of Dubai near Discovery Gardens \u2013 targeted at the affordable segment.The 450-unit Ritz development is Danube\u2019s fifth project following the unveiling of the 171-town house Dreamz in Al Furjan,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15844,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/danube-properties-sells-out-dh300m-glamz-project-in-dubai\/","url_meta":{"origin":12140,"position":1},"title":"Danube Properties sells out Dh300m Glamz project in Dubai","date":"June 8, 2016","format":false,"excerpt":"\r Danube Properties has sold out its two-tower, Dh300 million Glamz project in Al Furjan just over a month after its launch.The company said that following the sale of all 418 apartments at the project it had sold out its entire stock on the six projects launched to date, which\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48033,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/danube-chief-shrugs-off-concerns-over-dubai-residential-property-oversupply\/","url_meta":{"origin":12140,"position":2},"title":"Danube chief shrugs off concerns over Dubai residential property oversupply","date":"March 15, 2017","format":false,"excerpt":"\r The founder of Danube Properties, Rizwan Sajan, shrugged off concerns about overcapacity in Dubai's residential property market after the launch of its eighth project, the Dh300 million Resortz development.Mr Sajan said that although there were developers who were struggling to sell inventory, he is confident that all of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11876,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/danube-launches-sixth-affordable-housing-project-in-dubai\/","url_meta":{"origin":12140,"position":3},"title":"Danube launches sixth affordable housing project in Dubai","date":"May 3, 2016","format":false,"excerpt":"\r Danube Properties has announced its sixth affordable housing project in Dubai \u2014 the Dh300 million Glamz Danube tower containing 418 units.The development, which is split between two blocks on top of a podium containing ground floor retail units and parking, will be built on a plot next to its\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43397,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/danube-properties-says-95-of-miraclz-project-sold\/","url_meta":{"origin":12140,"position":4},"title":"Danube Properties says 95% of 'Miraclz' project sold","date":"February 8, 2017","format":false,"excerpt":"\r Rizwan Sajan said Danube will launch more affordable housing projects in the future\r \r Source : arabianbusiness.com\r Read more...Danube Properties says 95% of 'Miraclz' project sold","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3603,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/danube-properties-says-85-of-82m-ritz-dubai-sold\/","url_meta":{"origin":12140,"position":5},"title":"Danube Properties says 85% of $82m Ritz Dubai sold","date":"February 3, 2016","format":false,"excerpt":"\r Ritz's sale has 'defied' the market trend, group chairman Rizwan Sajan says\r \r Source : arabianbusiness.com\r Read more...Danube Properties says 85% of m Ritz Dubai sold","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/12140"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=12140"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/12140\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=12140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=12140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=12140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}