Dubai-headquartered Danube Properties, a subsidiary of Danube Group founded by Indian real estate tycoon Rizwan Sajan, says its $266.3m (AED 978m) of sales in 2018 doubled its share of the off-plan market to 10.6%.
In a statement, the company said 2018 was a successful year despite tough market conditions, with 1,869 homes sold.
"An Oasis for Growth"
Rizwan Sajan, founder and chairman of Danube Group, said: "Despite strong headwinds affecting the growth of the global economy, the UAE economy remains an oasis for growth.
"We see strong growth opportunities, and we remain fully committed to the local economy and the real estate sector with more project launches as we move forward."
The Portfolio
Danube has 12 projects comprising 5,019 delivered and under-construction units worth $1bn (AED 3.8bn). Last year it completed 358 homes and awarded construction contracts for 926. Contract awards for 10 of its 12 projects total $435.6m (AED 1.6bn), and its team grew to 220 professionals in 2018, from 151 in 2017.
