Category: News

Rizwan Sajan, Chairman of the Danube Group, has built an empire on making affordable homes accessible to all. As new initiatives for first-time buyers open up new markets, he says Dubai’s real estate boom is just getting started.

When Rizwan Sajan arrived in Dubai in 1993, he had a few thousand dirhams, an entrepreneurial vision, and the ability to spot an opportunity. Fast forward 30 years, and he is the head of a property and construction empire and one of the most influential real estate developers in the region. Having started out trading building materials, he launched his real estate venture, Danube Properties, in 2014. As of August 2025, the company had over 21,000 residential units and had launched 35 projects, 18 of which had been delivered, with 17 under construction.

Sajan’s 1% payment plan has allowed middle-income buyers to buy homes with monthly installments as low as 1% of a property’s value, democratizing access to quality housing while still offering all the amenities expected in luxury property – something that he says is becoming even more important to potential buyers. “Today’s buyer is not looking for normal real estate. Earlier, you could give them a nice apartment and a good building, and they’d be happy. Today, they want a lifestyle, not only the gym and the pool. We try to pamper the customers so much, and that’s what the customer looks at,” he explains.

Now, Dubai Land Department is introducing a program for first-time home buyers that is rewriting the rules of real estate ownership. Something that Sajan is embracing. “When we came into the business, my whole objective was to go to first-time buyers who could not get a loan from the bank, especially for the offline properties, and that’s how we came up with this 1% payment plan,” says the seasoned developer. “When a first-time buyer is looking for a payment plan, they are looking for flexibility in the detailed payment. So this is a very good initial initiative from the land department to attract people to come, especially first-time buyers. Don’t miss it, because this is a great opportunity.”

With initiatives in place to make home ownership more affordable and luxury property the norm in the hub of Dubai, Sajan believes that the recent growth in property prices will continue for some time to come. But rather than putting potential buyers off, he says this is all the more reason to buy, especially as Dubai is still so much more affordable than other major global cities.

“The prices in Dubai are much lower than if you compare them with the international market. We are two and a half times cheaper than Singapore, two times cheaper than Shanghai, and five times cheaper than Hong Kong. In the West, we are three times cheaper than central London. In Europe, you take developed cities in Germany, France, or Monaco, we are three, four, or five times cheaper,” he insists. “Dubai is still at the beginning. It’s going to go up and up. I am expecting another 15-20% growth every year in terms of rental, in terms of appreciation, provided you buy from the right developer at the right location. And this will keep on continuing.”

UAE professionals holding a 10-year Golden Visa will be among the key drivers of Dubai’s property market in the coming years, according to Rizwan Sajan, chairman of Danube Properties.

“Many medical professionals in the UAE have either received or qualify for the Golden Visa,” Sajan told Khaleej Times.

As a result, many are choosing to invest in Dubai property and remain in the country, both for their careers and retirement. This makes investing in Dubai real estate a logical decision for them,” he added.

Sajan, an industry veteran, spoke during a recent open day event for doctors and healthcare professionals in the UAE, which featured a discounted payment plan for attendees.

Introduced after the Covid-19 pandemic, the UAE has been offering a Golden Visa to healthcare professionals.

According to Abu Dhabi’s Department of Economic Development, applicants should have a minimum of 5 years’ experience in the UAE, valid practicing licence, and a bachelor’s degree or equivalent.

In addition, professionals working in science and research, IT, engineering, education, and other skilled fields are eligible for a 10-year residency permit.

The Golden Visa scheme has seen growing demand since its launch in 2019, offering long-term stability for expat residents and investors who wish to live, work, and retire in the UAE.

The latest figures released by the authorities in Dubai showed that the number of Golden Visas issued in all categories reached 158,000 in 2023, up from 79,617 in the previous year.

Rally to continue

The Dubai-based billionaire remains optimistic about the local property market and expects prices continue to rise over the next few years, provided there are no geopolitical tensions in the region.

He added that buyers are unlikely to find current property prices in Dubai after two years, as values are expected to appreciate.

“I believe prices will rise as the influx of people to Dubai continues to grow. The upcoming integrated gaming resort at Al Marjan in Ras Al Khaimah will also be a significant development for the local property and hospitality markets,” he said. He added that, barring any geopolitical issues, Dubai property prices are likely to trend upward over the next four to five years.

“Prices in central areas like Downtown, Business, Al Furjan, Silicon Oasis, Sports City, all the centrally located places will go up and up. Plots that we bought two years ago cost four times more. Similarly, construction companies are paying up to 60 per cent higher prices because of the rising cost of construction material.”

Sajan predicts annual property price increases of 15–20 per cent over the next four to five years in key areas such as Downtown Dubai, Business Bay, Al Furjan, Silicon Oasis, and Dubai Sports City. He also noted that land purchased two years ago is now worth four times more, and construction costs have surged by up to 60 per cent due to “the rising cost of construction material”.

“All the projects that we launched over the last 2-3 years in JVC, Silicon Oasis, and other communities have seen 25-35 per cent capital appreciation. The prices that are available today will definitely not be the same rate in 2-3 years as they will appreciate,” he said.

The developer has allocated 10% of its residential units to exclusive pre-launch access, flexible 1% monthly payment plan, and 60% payable before handover

Danube Properties has partnered with the Dubai Department of Economy and Tourism (DET) and the Dubai Land Department (DLD) to support the launch of a dedicated First-Time Home Buyer (FTHB) initiative, aimed at making home-ownership more accessible in Dubai.

The developer said its program aims to support Emiratis and expatriates in stepping onto the property ladder by offering unmatched flexibility and affordability. As part of the initiative, Danube Properties has allocated 10% of its residential units exclusively for first-time home buyers, the firm explained.

Key features of the FTHB initiative include:

• Exclusive pre-launch access: First-time buyers will receive priority access to select units before public launch, ensuring the best availability and options
• Only 60% payable before handover: Buyers need to pay just 60% of the total property value before receiving the keys, easing upfront financial commitments
• Flexible 1% monthly payment plan: This program complements Danube’s industry-first 1% monthly payment scheme, which has reshaped affordability in Dubai’s real estate sector

By combining these benefits, the initiative removes traditional barriers to property ownership, such as large down payments and rigid financing options, making it easier than ever for residents – especially young professionals and families – to step onto the property ladder. Five top banks have joined hands to make this possible, the developer said in its statement.

The First-Time Home Buyer initiative is said to be in line with Dubai’s broader economic goals, as envisioned by the Dubai 2040 Urban Master Plan, which aims to make Dubai the best city in the world to live and work in. Encouraging property ownership is a key driver of long-term investment, community stability, and economic resilience, the developer explained.

Rizwan Sajan, Founder and Chairman of Danube Group said, “This initiative is a game-changer for aspiring homeowners who’ve been waiting for the right opportunity. Our flexible plans and on-time project delivery have already made us the preferred brand for smart investors – and now, we’re going one step further by enabling first-time buyers to take that all-important step with confidence.”

With an unmatched reputation for delivering quality homes ahead of schedule, Danube Properties continues to raise the bar in customer-focused real estate development. Its 1% monthly payment plan, over 40 amenities offered within communities, and fully furnished apartment offerings have set industry benchmarks, the statement added.

Danube has also consistently supported government initiatives, including those aimed at attracting foreign investment, retaining talent, and strengthening Dubai’s position as a global destination for living and working, the developer concluded.

Property developers are receiving hundreds of enquiries daily from first-time buyers, and thousands of interested candidates have registered to take advantage of incentives offered by Dubai authorities.

The developers are reporting a robust response from first-time buyers after the introduction of incentives by the Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET), in cooperation with top developers.

On July 2, the first-time home buyer programme was launched for UAE residents aged 18 and above, offering priority access to units in new off-plan launches, and enhanced commercial terms, including preferential pricing on units up to Dh5 million and tailored mortgage products designed specifically for eligible buyers.

Developers already committed to the programme include Azizi Developments, Beyond Developments, Binghatti Holding, DAMAC Properties, Danube Properties, Dubai Properties, Ellington Properties, Emaar Properties, Majid Al Futtaim Group, Meraas, Nakheel, Palma Holding, and Wasl.

Participating banks are Commercial Bank of Dubai, Dubai Islamic Bank, Emirates NBD, Emirates Islamic and Mashreq Bank.

Up to 1,000 queries daily

Rizwan Sajan, founder and chairman of Danube Group, said the response from first-time buyers has been very encouraging since incentives were announced.

“We receive 500-700 queries daily, with 99 per cent coming directly from buyers – not brokers, indicating a real shift toward end-user interest,” said Sajan.

Developers’ incentives

Danube Properties has announced a 10 per cent allocation of its residential units to this segment, a one per cent monthly payment plan and an easy payment plan requiring just 60 per cent before handover to make homeownership more attainable.

“By combining these benefits, the initiative removes traditional barriers to property ownership, such as large down payments and rigid financing options, making it easier than ever for residents — especially young professionals and families — to step onto the property ladder. Five top banks have joined hands to make this possible,” said Danube Properties.

Global Encounters (GE) Festival 2025 announces Danube Properties as its Main Sponsor for the upcoming GE Festival taking place from 20-27 July in Dubai. The event will bring together over 4,000 young artists and athletes, promoting excellence, camaraderie, and cross-cultural connection.

The Festival features a dynamic programme of artistic showcases, sports tournaments, thought-leadership sessions, and community-building experiences. Danube Properties’ support as Main Sponsor plays a key role in bringing this diverse and inspiring event to life.

“We welcome them as our Main Sponsor and look forward to their partnership in delivering a meaningful and unforgettable experience,” said Zahir Ladhani, GE Festival 2025 Project Lead.

Since its inception in 1993, Danube has remained committed to delivering exceptional quality and fostering long-lasting partnerships. Headquartered in Dubai, Danube has expanded its footprint to 75 cities worldwide, with international sales offices in the UK and China. Over the years, the organization has proudly sponsored numerous events, providing artists and athletes with platforms for recognition, expression, and empowerment.

“We are delighted to partner with the Global Encounters Festival. At Danube, we believe in supporting platforms that nurture creativity and showcase extraordinary talent. We look forward to seeing the incredible experiences and opportunities this festival will bring.” — Rizwan Sajan, Founder and Chairman, Danube Group

With Danube Properties’ support, the GE Festival promises to deliver an impactful and memorable experience for participants, partners, and the wider community.

About Global Encounters Festival

The inaugural Global Encounters Festival marks the first-ever collaboration of Jubilee Games and Jubilee Arts, creating a unique union of athletic and artistic excellence. Jubilee Games will host competitions across 18 sports, along with coaching, mentorship, and networking opportunities to enrich the participant’s experience. While Jubilee Arts will spotlight global creativity through an international film festival, art exhibitions, and the collaborative Connected Cubes – a space for artists to collaborate.

About Danube Properties

Danube Properties is one of the top leading real estate developers in the UAE. With a commitment to delivering luxurious dream homes at affordable prices, Danube Properties has become synonymous with owning a home in Dubai. As part of the Danube Group — which has been building the foundation of Dubai since 1993 — Danube Properties has launched 35 projects, delivered 18, and has 17 more in various stages of development.

Rizwan Sajan leads a diversified conglomerate with a presence in nine countries, including the UAE, Saudi Arabia, Qatar, Oman, Bahrain, and India.

The group operates over 25,000 products across building materials, home décor, and real estate sectors. Danube Properties had launched 34 projects with over 21,000 residential units, including the 100+ floor towers BAYZ101 and BAYZ102 in 2024. The company oversees 15 million square feet of sellable area valued at over $7.1 billion, with 18 projects delivered and 16 under construction.

A notable achievement was the completion of the Opalz project five months ahead of schedule in April 2025. Sajan’s leadership has earned him recognition among some of the world’s most prestigious business power lists.

Under Rizwan Sajan’s guidance, Danube Properties launched seven new developments over the past 12 months: Diamondz, Bayz101, Bayz102, Oasiz1, Oasiz2, Timez and Sparklz. Notably, two of these towers surpass 100 floors—an architectural feat that highlights the brand’s ambition and capability. With a total value of over $3.27 billion (AED12 billion) and spanning more than 4.6 million square feet of built-up area, these projects have further solidified Danube’s reputation for delivering bold, high-value developments.

Operational excellence remains a hallmark of Sajan’s approach. In the last year, Danube delivered three major projects—Opalz, Gemz, and Pearlz—ahead of schedule by four to six months. Collectively, these projects represent over 1,000 residential units, cover more than one million square feet in built-up area, and hold a combined value exceeding $270 million (AED1 billion), reflecting a deep commitment to timely execution and investor confidence.

Sajan is also driving meaningful impact through CSR. In 2025, Danube Group contributed $13.61 million (AED50 million) towards mosque construction in Dubai, including the inauguration of a landmark mosque at the National Industries Park in April 2025, officiated by His Excellency Eng. Marwan bin Ghalita, Director General of DLD.

The company also donated $2.72 million (AED10 million) to the Mothers’ Endowment campaign, reinforcing a culture of giving rooted in community values.

Having launched over 34 projects for Danube Group, with 18 delivered and the remaining 16 under construction, Sajan continues to lead with resilience and a clear focus on shaping a more inclusive and sustainable future.

As of March 2025, Danube Properties had over 21,000 residential units and had launched 34 projects, 18 of which have been delivered, while 16 are under construction. In 2024, it launched two projects, BAYZ101 and BAYZ102, featuring towers with over 100 floors. In April 2025, the developer completed its Opalz project five months ahead of schedule. Danube Properties oversees a sellable area of 15 million square feet, valued at over $7.1 billion.

Success Stories of Entrepreneurs in the UAE

Rizwan Sajan started his company in the UAE with a few thousand dirhams in 1993, and today its revenues amount to AED 5.13 billion.

Sajan moved to Dubai in 1993 and started working at a hardware store. That same year, he established Danube as a small trading firm. His clear vision helped the business expand which today has a vast customer base in the Gulf, Asia and Africa markets. It has also established its presence beyond the UAE, in Bahrain, Oman, Saudi Arabia, Qatar, India and China.

According to Sajan, “The UAE was, and will remain a land of opportunity, and has attracted international talented professionals and entrepreneurs from all over the world. This has helped us foreigners not only develop ourselves, but also contribute to the UAE’s society and economy.”

Sajan has founded the Danube Welfare Society as part of the company’s corporate social responsibility (CSR) plans, which provides free training courses to help unskilled workers improve their language skills and develop their careers

Marking a momentous milestone in its legacy of community service and spiritual development, Danube Group has officially inaugurated a landmark mosque at National Industries Park (NIP) – the first and only mosque in the area. This new religious and communal space reaffirms Danube’s unwavering commitment to supporting infrastructure that nurtures unity, faith, and social harmony.

Spanning a total area of approximately 7,000 square meters, the newly inaugurated mosque has been meticulously designed to accommodate over 2,000 worshippers, including indoors and in the outdoor prayer area. It also features designated parking for over 50 vehicles, ensuring accessibility and convenience for the community it serves.

The inauguration ceremony was held in the honorable presence of Marwan bin Ghalita, Director General of Dubai Land Department, Ahmed Darwish al Muhairi, General Manager, Islamic Affairs & Charitable Activities, Abdullah Al Hashmi, COO, Parks & Zones, DP World GCC, Abdulla Belhoul Chief Executive Officer of TECOM Group along with Rizwan Sajan, Founder and Chairman of Danube Group; Adel Sajan, Group Managing Director; senior Danube officials, family members, and respected community figures. The event was a celebration of faith, philanthropy, and forward-thinking leadership.

This mosque is the first under Danube Group’s Dh50 million commitment to constructing mosques across the UAE—a pledge made in the presence of Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defense, and Chairman of the Executive Council of Dubai. The initiative exemplifies the Group’s mission to contribute to the country’s spiritual and social well-being.

Rizwan Sajan, Founder and Chairman of Danube Group, commented:

“The inauguration of this mosque at National Industries Park is a proud and spiritual milestone for us. It’s more than a place of worship—it’s a testament to our deep-rooted values of inclusivity, unity, and giving back to the community. We aim to create spaces that inspire peace, togetherness, and purpose.”

This latest project follows the success of the majestic mosque in Dubai Studio City, also developed by Danube Group, which was built at a cost of Dh15.56 million. The majestic mosque has since become a vital spiritual and social anchor for its community. The new mosque at NIP is expected to uphold the same standard of excellence, accessibility, and inclusiveness.

In addition to spiritual projects, Danube Group continues to lead impactful corporate social responsibility efforts. In 2023 alone, the Group pledged Dh10 million to the Mothers’ Endowment Campaign and supported the ‘1 Billion Meals Endowment’ launched by the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI).