Dubai real estate market sustainable in the long term says developer

Dubai’s real estate sector has a long term sustainable future according to a company which has just seen a huge take-up of its latest project

Danube Properties has sold out 85% of Ritz – apartments that convert a living room into a full sized bedroom at night.

The project involves specially made modular furniture in the living room with the bed tucked into the wall as part of the interior home décor with a sofa set.

Rizwan Sajan, founder and chairman of Danube Group said: “The marketing success of Ritz strengthens our firm belief of the long-term sustainability of Dubai’s real estate sector which is currently the best regulated market in the region. Despite the current market situation, no developer could go wrong if they bring the right product at the right location and at the right pricing.

“When it comes to investment in Dubai’s real estate, there could not have been a better time to buy. However, buyers need to look at the project, location, pricing, payment plan and the developer’s credibility and commitment.”