Danube eyes int’l expansion

ABU DHABI — Dubai’s Danube is planning to open within this year new outlets in Bahrain, Muscat and the Indian city of Ahmedabad.

By Haseeb Haider

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Published: Wed 24 Aug 2011, 10:34 PM

Last updated: Tue 7 Apr 2015, 3:48 AM

The new openings are part of the plans to open 75 showrooms in the UAE as well as in the GCC and South Asia by 2015, chairman Rizwan Sajan said at the opening of its 31st store in Abu Dhabi’s Mushrif Mall late on Monday.

He said that the second Buildmart store in Abu Dhabi “marks the return of consumer confidence in the country” after the financial crisis, as ongoing unrest in the Middle East has further boosted the economic model of the UAE.

Overall sales have declined in the sanitary ware and building materials trade by up to 40 per cent on average due to the problems facing the real estate industry. However, Danube’s sales have soared 21 per cent in the year to date period, Sajan said.

He said the real estate sector needs more measures to boost the investors’ confidence, as oversupply has caused a glut which is resulting into falling rental values.

Earlier, Abdulla Zayed Saqr Al Nahyan inaugurated the showroom at the Mushrif Mall in Abu Dhabi, which is part of the ongoing Dh200 million expansion initiatives.

“These are exciting times for the UAE and for Abu Dhabi in particular,’ due to new projects, Al Nahyan said.

The new retail facility is the company’s fifth showroom to be located inside a shopping mall and complements its move to create a stronger market presence in the country.

The showroom features a wide range of luxury sanitary ware, ceramic tiles for flooring and walls, parquet flooring, curtains. Other items which are on display are wallpapers, home interior items and building materials. A design centre provides free home interior designing services to its customers.

“Our new showroom features wide portfolio of over 25,000 home interior and building products,” said Sajan.

· haseeb@khaleejtimes.com



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