UAE-based Danube Properties enters south Indian market

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

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.” 


Mawani launches new shipping route from Jeddah port

Mawani launches new shipping route from Jeddah port
Updated 21 January 2021

Mawani launches new shipping route from Jeddah port

Mawani launches new shipping route from Jeddah port

Saudi Ports Authority (Mawani) has announced the launch of a new shipping service from Jeddah Islamic Port, complementing its strategic partnerships with some of the largest shipping companies in the world, such as Hapag Lloyd, CMA CGM, COSCO and ONE. The introduction of the new service reflects the confidence of global shipping lines in Mawani’s capabilities and the prominent position of Jeddah Islamic Port in global trade through the Red Sea, connecting the Middle East to Europe and North Africa, the Mediterranean and the Indian subcontinent, and covering key ports like Port Tanger in Morocco and Algeciras in Spain.

The new shipping line is a major step forward by Mawani, taken as part of its initiatives launched under the National Industrial Development and Logistics Program (NIDLP), building on its achievements during the past year with the support of the Saudi logistics sector and the guidance of Saudi Minister of Transport Saleh Al-Jasser. The effort has been to enhance the international connectivity of ports and attract major shipping companies in line with the strategic objectives of Vision 2030 to enhance the Kingdom’s position in the investment and logistics arena.

The new line (IO3) will link Jeddah Islamic Port with the Indian Ocean and northern European ports. The service will consist of seven vessels with a capacity equivalent to 8,500 standard containers per vessel, approximately 48 vessels per year, which will allow a greater cargo capacity. 

Through the launch of the new line, Mawani aims to enhance the status of Jeddah Islamic Port as a direct point of connectivity between the ports of the East and the West, enabling the port to benefit from its strategic location between three key continents. It will also help strengthen the Kingdom’s position as a leading hub for logistics services and a facilitator of global supply chains, contributing to increased transshipment levels and attracting the largest number of ships operating on the Red Sea coast. Besides, it will make available additional shipping lines for local and international importers and exporters, raising the competitiveness of Saudi ports services and improving their operations. The new line will also help establish attractive logistics centers for investors in the ports sector.

Jeddah Islamic Port has gained historical significance due to the fact that Jeddah is the main gateway to the holy cities of Makkah and Madinah. It is the largest port in terms of volume and cargo handling capacity, as it handles more than 65 percent of all cargoes imported through Saudi ports. The port covers an area of 12.5 square kilometers.