Dubai, 4, December, 2016:  Danube Properties, UAE’s leading property developer, entered a Memorandum of Understanding with the Bank of Baroda today with an aim to provide home loan for customers of the Dreamz By Danube project against their property purchase. The agreement was signed by Mr Rizwan Sajan, Founder & Chairman of Danube Group and Mr. Suhas D. Sontakke, Dy. General Manager of Bank of Baroda in presence of Mr Anis Sajan, Managing Director of Danube Group, Mr Atif Rahman, General Manager of Danube Properties, Mr Vineet K. Dudeja, Chief Executive of Bank of Baroda-GCC Operations and members of the senior management, bankers, and the media at the Danube Properties Head office.

Commenting on the signing, Rizwan Sajan, Chairman and Founder of Danube Group, said, “We are happy to offer our customers with finance for our Dreamz Project. The primary reason for signing of the agreement is to enable our customers to mortgage their properties and get loans. We hope to have a fruitful partnership with Bank of Baroda and want to ensure that we can provide promising solutions for our buyers.”

This MOU is a statement of intent to give customers, a chance to apply for home loans at a rate of interest that is as low as 3.5 percent per annum.
On this occasion, Mr. Suhas D. Sontakke, Dy. General Manager, Bank of Baroda was also present who explained USPs of Bank of Baroda’s Housing Loan scheme. A dedicated Desk has been set up by Bank for speedy sanction of loans to eligible customers and can also be availed from any of the branches of Bank of Baroda in UAE and other GCC countries wherever Bank of Baroda is present.

Dreamz is the first project launched by Danube Group located in Dubai’s Al Furjan neighborhood. The property spans an area of 700,000 Square feet and offer villas with three and four bedrooms. Moreover, the property also houses state-of-the-art amenities including a gym, swimming pool, sauna, children’s play area and much more.

The Bank of Baroda ranks as one of the top Indian banks present in UAE since 1976. The valuable exchange of professional knowledge and best practices shared in this partnership will significantly sharpen Danube’s Goal toward providing value-added services to their diverse customer base.