Dubai-based developer Danube Properties has further expanded operations in India with the launch of its sales and marketing office in Kochi, Kerala.
The developer already has two marketing and sales offices in India – including the first in Mumbai, which was opened in 2016, and the second in Delhi, opened in 2017.
“Indian nationals – including the Non-Resident Indians (NRIs) living in the Gulf countries – are a major source of investment in to Dubai’s real estate,” said Rizwan Sajan, founder and chairman of Danube Group.
“Their growing purchasing power is helping developers to sell properties and complete projects and that the reason of the launch of our sales and marketing office in Kochi. We definitely want to come closer to our target audience.”
The opening of office in Kochi comes two weeks after Danube Properties launched Wavez Residence – its latest project in Liwan, Dubai. The project includes two 10-storey buildings with 412 apartments and a shopping mall.
Atif Rahman, director and partner of Danube Properties, said: “We have a well-balanced portfolio of property buyers from 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. 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.”
According to the Dubai Land Department (DLD), Indian nationals form the largest foreign investor group in Dubai’s real estate. They bought properties worth Dhs94.45bn in the last six years – from 2013 to 2018 – in Dubai’s property sector.
“Dubai offers one of the finest infrastructures with several global attractions, these are reasons enough to make it one of the best real estate investment opportunities. It is our firm view that investment in to Dubai’s real estate from India will continue to grow,” added Rahman.
Launched in 2014, Danube Properties’ portfolio stands at 14 projects with over 5,500 units – of which some are completed, and the remaining are currently in various stages of completion.
The six completed projects have a total value of over Dhs1.6bn.