Danube Properties
| Company type | Private |
|---|---|
| Industry | Real estate |
| Founded | 2014 |
| Founder | Rizwan Sajan |
| Headquarters | , United Arab Emirates |
Key people |
|
| Services | Commercial and residential property development |
Number of employees | 5,000+ |
| Subsidiaries | Danube Group, Danube Building Materials, Danube Home, Milano, Casa Milano, Danube Hospitality, Danube Sports World, Alucopanel |
| Website | danubeproperties |
Danube Properties is a real estate development company based in Dubai, United Arab Emirates. It operates as the real estate arm of Danube Group, a Dubai-based company founded by Indian entrepreneur Rizwan Sajan. The company primarily focuses on residential real estate development within Dubai.[1][2]
History
[edit]The parent company, Danube Group, was established in 1993 in Deira, Dubai by Rizwan Sajan, who migrated from India and began the business with a small trading shop focused on building materials. Over time, it expanded into several sectors, including real estate, under the brand Danube Properties.[2][3]
Danube Properties was launched as the property development division of the group and has since focused on developing mid-income residential housing projects in Dubai. As of 2024, the company had launched over 20 residential projects in the city.[1] [4]
Projects
[edit]Danube Properties has developed several residential projects, including Gemz, Viewz, Elitz, Fashionz, and Miraclz, offering furnished apartments and community amenities. In 2024, the company completed and handed over its Gemz project ahead of schedule.[5]
In 2024, Danube Properties announced Bayz 102, a high-rise residential development located in Business Bay, Dubai. The project will feature over 1,300 fully furnished units, including studios, one- to four-bedroom apartments, and penthouses. A notable aspect of Bayz 102 is the inclusion of a helipad designed to accommodate future air taxi services. As of early 2025, the project is under construction, with completion anticipated by December 2028.[6][7]
In 2025, the company launched a major project named Diamondz, valued at AED 2.4 billion, in Dubai's Jumeirah Lake Towers (JLT) area. This launch was part of its strategy to increase supply in the affordable luxury housing market.[8] The company also unveiled a new development called Sparklz during the International Property Show (IPS) 2025, emphasizing its continued expansion.[1]
Danube Properties also introduced a "1% payment plan", a financing model that allows homebuyers to pay a 20% down payment at the time of booking and the remaining 80% through monthly installments of 1%. This plan has been credited with making property ownership more accessible for middle-income residents in Dubai. The strategy contributed to the company's growing popularity in the residential real estate market and led to Rizwan Sajan being popularly referred to as Dubai's “1% Man.”[3] [9]
Partnerships and initiatives
[edit]Danube Properties has entered into several partnerships to enhance real estate access and investment. In 2024, it signed a cooperation agreement with the Dubai Land Department to support the empowerment of national brokers in the UAE real estate market.[10] It also collaborated with NapkinAds in 2025 to tap into new advertising channels for international real estate investors.[11]
Danube Properties has increasingly targeted Indian investors, contributing a significant portion of its sales. In 2024, the company projected that 25% of its total business would come from India, with overall home sales expected to reach US$3 billion that year.[4]
References
[edit]- ^ a b c "Danube Properties reaffirms commitment to real estate innovation, unveils SPARKLZ at IPS 2025". Zawya. Zawya. April 16, 2025.
- ^ a b "Dubai rents 'too high'; up to 20% drop 'healthy' for property market, says top developer". Galadari Printing and Publishing. April 21, 2025.
- ^ a b van Zyl, Gareth (February 26, 2024). "Rizwan Sajan: From Dubai's 1% Man to 101 levels". Gulf Business. Motivate Media Group.
- ^ a b "Danube Properties aims to sell USD 3 bn worth homes in Dubai this year; eyes 25pc biz from India". The Economic Times. The Times of India. January 21, 2025.
- ^ Saundalkar, Jason (November 18, 2024). "Danube handsover Gemz residential project ahead of schedule". ME Construction News. CPI Trade Media.
- ^ "RH Luxury, Danube team up to launch new luxury tower in Dubai". Khaleej Times. Galadari Printing and Publishing.
- ^ "The National – Danube launches Bayz 102 tower in Dubai". The National. National Editorial. April 17, 2024.
- ^ "Danube Properties launches Dh2.4 billion project in JLT - Diamondz". Gulf News. Gulf News. April 26, 2024.
- ^ "Meet Rizwan Sajan: Danube's famous 1% Man". Gulf Business. Motivate Media Group. February 29, 2024.
- ^ "Dubai Land Department partners with Danube Properties to Empower National Brokers - Business - Real Estate - Emirates247". Emirates247. Emirates247. June 12, 2024.
- ^ "Danube Properties Partners with NapkinAds to Tap Into New Channel for Global Real Estate Investment - The Bradford Era". The Bradford Era. The Bradford Era. April 4, 2025.