Company: Danube Group
Designation: Chairman and founder
Country of residence: India
When you own a successful building materials supplier, what is the smartest next business move? Using those materials to develop property, of course. With such a competitive edge, Danube Properties has quickly built itself up to nine developments, including high rise apartments and villas, with names such as Glitz and Dreamz.
The idea to branch out was of course that of Rizwan Sajan, who founded Danube Group as a small trader in 1993. It still distributes building materials – more than 10,000 products – and has expanded to customer-facing retail stores in the UAE, Bahrain, Oman and India. It also has three sourcing centres in China. Overall, Danube Group turns over $1.5bn a year.
Sajan has shown more than most how to ride the UAE property industry’s ups and downs and come out streaks ahead.