UAE- Launching right product at right price wil pay off says Rizwan Sajan

5/4/2016 11:49:21 PM

(MENAFN- Khaleej Times) For a businessman there is no bigger honour than being featured on the cover of Forbes. Rizwan Sajan founder and chairman of Danube Group won this unique honour in the May issue of Forbes Middle East.

He established the Danube Group as a small trading firm in 1993. Today the company has become a leader in the GCC's building materials industry and has also branched out into F&B retail and real estate.

"I came to Dubai in 1991 when the city was still growing. Today so many new projects have come up. Being in the building materials industry we have contributed to each and every project that has been built in Dubai. Whether it's a small villa mansion the Burj Al Arab the Burj Khalifa or Dubai Media City Danube has supplied building materials everywhere" the businessman told Khaleej Times.

A part of the delegation led by His Highness Shaikh Mohammed bin Zayed Al Nahyan Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces to India Sajan believes his alma mater is doing well to turn around the investment environment and cut down on bureaucracy.

"I have invested most of my money in the UAE since it delivers great returns. I have invested in India as well. Things are getting much better in India than what it was earlier."

Quick to shoot down talk of a dip in market sentiment Sajan cites figures to belie doomsday reports. "Compared to Q1 2015 land sales in Q1 2016 are up 19 per cent. Where is the slowdown? If you launch the right product at the right price in the right industry I don't think there is a slowdown" he claims.

Danube Properties launched its sixth project in Dubai on Tuesday the Glamz Residence in Al Furjan. Given how its earlier five projects were lapped by the market it seems Sajan can take no misstep.

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Deepthi Nair I cover all things related to real estate in the UAE. Working as a print journalist in Dubai since 2008 I have reported on all the flashy new projects in town. Dubai's passion for setting new records continues to amaze me. I love to do stories that strike a chord with the average expatriate in the UAE. If you have any news related to your community or rents you know who to get in touch with at Khaleej Times. When I am not working I travel catch up with friends mall trawl catch up on movies explore new places in town or just unwind in a spa. Originally from India I have been a journalist for more than 11 years. Language has been my forte right from school. That's me in a nutshell

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