Dubai's Danube turns developer with $136m project

Building materials supplier launches Dreamz townhouses at Al Furjan

Danube chairman and founder Rizwan Sajan

Danube chairman and founder Rizwan Sajan

Dubai-based building materials giant Danube Group has taken its first foray into the property development market with the launch of a $136mn residential project.

The Dreamz By Danube project will contain 175 three- and four-bed townhouses within the Al Furjan community.

The company said the townhouses will be between 2,500-3,000 square feet (232-279 sqm) in size and will start in price from $680,000.

Construction of the properties will start soon and the project will complete in 2016.

Danube chairman and founder Rizwan Sajan said the launch of his new Danube Properties business came "following a careful study of the needs of the UAE’s property market".

“Being in the building material business, we will be able to offer the best prices and that value will be offered to the customer.

“The move is also a reflection of our firm commitment to the UAE market, where we are re-investing our hard-earned resources to help the real estate market expand further.”

The project was launched at Dubai's Grand Hyatt hotel at an event attended by Indian cricketer Sunil Gavaskar, who is an ambassador for the Danube brand.

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Posted by: Jean Pierce

I think they have no option but to get into real estate since they need somewhere to dispose all the rubbish that they import from China. I can just see loads of unsold tiles, pipes and fittings going into these villas. I'm pretty sure someone who buys will need to gut their entire house and rework the interiors. I live in a house that was fitted with stuff from them and its appalling how bad it is after a year of use.

Posted by: curiousone

I have bought a land to build a villa in Furjan and Nakheel has recently told me that the infrastructure will not be finished for another 2 years. So if they say 2 years, I would automatically assume 3 years. So my question here is how Danube is going to deliver in 2016?

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