UAE-based Danube Properties enters south Indian market

Rizwan Sajan, Sunny Leone and Atif Rahman during the inauguration.
Updated 09 September 2019

UAE-based Danube Properties enters south Indian market

Danube Properties, a UAE-based real estate developer, has launched its operations in the south Indian state of Kerala by opening its sales and marketing office in Kochi. The inauguration ceremony was attended by Rizwan Sajan, founder and chairman of Danube Group; Atif Rahman, director and partner of Danube Properties; Bollywood actress Sunny Leone, and other senior management of the company. 

This is the developer’s third marketing and sales office in India — after it launched operations in Mumbai in 2016 and Delhi in 2017. 

India is one of the UAE’s strongest economic partners. In 2018, Indian investors had accumulated 31 foreign direct investment (FDI) projects launched in Dubai with a total of 3.71 billion dirhams ($1 billion) in capital. This makes India the second largest investor in Dubai in terms of FDI capital and the fourth largest in terms of projects during the first nine months of the year. 

“Indian nationals — including the non-resident Indians (NRIs) living in Gulf countries — are a major source of investment in Dubai’s real estate. Their growing purchasing power is helping developers to sell properties and complete projects and that is the reason of the launch of our sales and marketing office in Kochi. We want to come closer to our target audience and provide the best assured deal,” Sajan said.

He added: “The UAE is a good place for real estate investment ... We at Danube Properties offer up to 15 percent return on investment. As a developer we not only deliver good homes for end users but also provide the highest rental yield for the investors.”

Danube Properties director Rahman said: “We have a well-balanced portfolio of property buyers of 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. Their presence has over the decades strengthened the bond between the two countries.”

He added: “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.” 


Cartier looks ahead to sparkling future in KSA

Updated 22 September 2020

Cartier looks ahead to sparkling future in KSA

RIYADH: As the Kingdom prepares to celebrate the 90th Saudi National Day this Wednesday, businesses — big and small — are taking part in the festivities with gusto. But few companies can put forward what international jewelry brand Cartier has prepared.

Saudi Arabia is a key market for the brand, and the company has been celebrating its National Day for three years now. This year, the celebrations are some of their most elaborate yet.

Cartier’s managing director for Saudi Arabia, Kalid Lanssari, said the brand unveiled a new film capsule featuring Cartier’s emblematic panther lighting up Al-Faisaliah Tower in green. Cartier is also offering all guests and clients across its boutiques a special treatment to celebrate the day and make a deeper connection with them.

“Doors have already been open to all guests in our new flagship boutique in Al-Faisaliah Tower since Sept. 15. This boutique offers clients a new elevated experience through exclusive salons and a best-in-class service,” Lanssari said.

The year 2020 has been a tough year for businesses in general, given the ongoing global pandemic and subsequent economic downturn, and even an international brand such as Cartier could not escape unscathed.

“Like most brands in the industry, we suffered major drawbacks because of the pandemic. With the beginning of lockdown and the closing of our boutiques, business was hugely affected. We, however, were agile and quickly launched phone sales and home delivery services to try and compensate for the boutiques’ closure and the lack of e-commerce services. On the more positive side, the appetite of people for timeless luxury has remained and that helped the business bounce back very quickly,” said Lanssari.

He said Cartier had gone through a thorough sanitization process and taken other precautions to ensure the safety of its customers and staff.

“We’ve learned that brands need to be agile and adopt a seamless omni-channel approach. We have accelerated our e-commerce project to offer clients a new channel to purchase our collections online while continuing to offer the best in-boutique experience,” he added.

According to Lanssari, this is only the beginning for Cartier in Saudi Arabia.

“We plan to accompany the Kingdom in its trajectory of transformation through close collaborations, business expansion, cultural events and more. In the last three years, we have discovered and developed many amazing Saudi talents that are now part of the Cartier family and will continue to grow these talents in the future. This region has always inspired us and will continue to be a rich source of inspiration for years to come,” he said.