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Almost a quarter of real estate buyers in Dubai are NRIs
December 12, 2025
|The New Indian Express Sambalpur
WITH the new property ownership norms under which the Dubai government has allowed foreigners to own residential and commercial properties on a freehold basis, the real estate market in the city-state has seen a major shift and almost a quarter of units have been snapped up by NRIs.
“While the average property ownership by NRIs in the Dubai real estate market is around 23%, for us the number is close to 30%. Pre-Covid, the ratio was only around 185. The Europeans, led by the British, are the second largest buyers here,” Danube Group founder and chairman Rizwan Sajan, who grew up in a Ghatkopar slum, told TNIE.
Sajan was announcing the launch of Shahrukhz by Danube, his group’s entry into commercial property and is named after Bollywood actor Shah Rukh Khan. The 1 million sqft or 488 units, 56-storey tower is premium commercial property and his son Adil Sajan claimed that this is the world’s first real estate project named after the Bollywood star.
هذه القصة من طبعة December 12, 2025 من The New Indian Express Sambalpur.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Sambalpur
The New Indian Express Sambalpur
AI flight with 230 passengers returns to Delhi after technical glitch mid-air
AN Air India flight to San Francisco, carrying 230 passengers and 15 crew members, returned to Delhi on Wednesday afternoon after flying for more than seven hours.
1 mins
May 28, 2026
The New Indian Express Sambalpur
10k jawans to track down 25 Maoists in Saranda
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1 mins
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The New Indian Express Sambalpur
1,150 crore cocaine plot busted off Gujarat coast, smuggler jumps into sea
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1 min
May 28, 2026
The New Indian Express Sambalpur
Govt told to reply on CBSE's 3-language policy
THE Supreme Court on Wednesday sought detailed responses of the Centre, CBSE and the NCERT after hearing the plea challenging the mandate on three languages, including two regional languages for students from Classes VI to IX.
1 min
May 28, 2026
The New Indian Express Sambalpur
HC reserves order in Twisha mother-in-law's bail case
TWO days after registering a case into the suspected dowry death of actor-model Twisha Sharma, the CBI took in its custody Twisha’s husband Samarth Singh on Wednesday.
1 mins
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The New Indian Express Sambalpur
Govt okays ED overhaul, expands workforce as caseloads go up sharply
THE Government has approved a restructuring of the Enforcement Directorate (ED), while substantially increasing sanctioned strength across multiple cadres, according to an order issued by the Ministry of Finance on Wednesday.
1 min
May 28, 2026
The New Indian Express Sambalpur
Rybakina shocked by unseeded Starodubtseva
AUSTRALIAN Open champion Elena Rybakina suffered a shock early exit in the French Open second round on Wednesday at the hands of unseeded Ukrainian Yuliia Starodubtseva.
1 min
May 28, 2026
The New Indian Express Sambalpur
Filmmaker falls from rooftop of house, dies
NOTED Bengali filmmaker Anik Dutta died on Wednesday afternoon after falling from the terrace of his wife’s apartment at the Hindustan Park area in south Kolkata.
1 min
May 28, 2026
The New Indian Express Sambalpur
HORN FALLS SILENT BUT THE MUSIC KEEPS ROLLIN'
AD Walter Theodore ‘Sonny’ Rollins not been drawn to spiritualism, jazz would not have come back to India in 1978 with a big bang.
1 mins
May 28, 2026
The New Indian Express Sambalpur
Olympian and distinguished sports administrator Randhir Singh no more
IT was quite hot in Chateauroux, the venue for shooting during the 2024 Paris Olympics.
2 mins
May 28, 2026
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