Launching right product at right price wil pay off, says Rizwan Sajan

Dubai - Investing in the UAE delivers great returns, says Danube Group chairman

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.

- deepthi@khaleejtimes.com