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Almost a quarter of real estate buyers in Dubai are NRIs
December 12, 2025
|The New Indian Express Vijayawada
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 Vijayawada.
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 Vijayawada
The New Indian Express Vijayawada
Police post built with stones thrown at cops during Sambhal clash opens
A newly constructed police post was inaugurated on Friday, just 100 metres away from the residences of Samajwadi Party’s Sambhal MP Zia-ur-Rahman Barg.
1 mins
December 13, 2025
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CM says rehab new path for social integration in C’garh
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1 mins
December 13, 2025
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Minister, scholar, LS speaker: Multi-faceted Shivraj Patil passes away
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1 mins
December 13, 2025
The New Indian Express Vijayawada
MNREGA gets new name, 125 days of employment
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1 mins
December 13, 2025
The New Indian Express Vijayawada
Zubeen's secy, festival organiser among 4 charged with murder
THE Assam Special Investigation Team (SIT) on Friday filed the charge sheet in the highprofile Zubeen Garg death case in the court of Chief Judicial Magistrate, Kamrup (Metro), slapping the charge of murder against four of the seven accused.
1 min
December 13, 2025
The New Indian Express Vijayawada
Ops to hunt terrorists in Jammu forests
AFTER a series of encounters and brief gunfights in the forest belts of Jammu region in the last six months, security forces have launched a major winter offensive to track down militants hiding in the dense and rugged forest areas.
1 min
December 13, 2025
The New Indian Express Vijayawada
MahaYuti stays united, seals Maha seat deal for BMC polls
THE BJP and the Eknath Shinde-led Shiv Sena are set to contest the Brihanmumbai Municipal Corporation (BMC) elections—scheduled for next month—unitedly.
1 min
December 13, 2025
The New Indian Express Vijayawada
House truth: Gujarat’s road safety gap widens
FRESH Rajya Sabha and Lok Sabha data have exposed serious problems in Gujarat’s road management system.
1 mins
December 13, 2025
The New Indian Express Vijayawada
CLIMATE SCIENCE IS NOT A HOAX, DON'T GAMBLE
SIR ROBERT WATSON'S BLUNT MESSAGE TO CLIMATE BLOCKERS
4 mins
December 13, 2025
The New Indian Express Vijayawada
'Don't use tourist visa for purpose of giving birth': US warns Indian appliers
Indian nationals anxious with change in laws
1 min
December 13, 2025
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