Try GOLD - Free
Almost a quarter of real estate buyers in Dubai are NRIs
The New Indian Express Hyderabad
|December 12, 2025
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.
This story is from the December 12, 2025 edition of The New Indian Express Hyderabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Hyderabad
The New Indian Express Hyderabad
MNREGA gets new name, 125 days of employment
SETTING the stage for a major overhaul of the country’s flagship rural jobs scheme, the Union Cabinet on Friday approved the renaming of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) to Pujya Bapu Gramin Rozgar Yojana.
1 mins
December 13, 2025
The New Indian Express Hyderabad
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
The New Indian Express Hyderabad
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 Hyderabad
ED raids in three states in illegal cough syrup case, UP action on big stockists
INa major crackdown on the illegal trade in codeine-based cough syrup, the Enforcement Directorate (ED) raided 25 locations across Jharkhand, Uttar Pradesh, and Gujarat on Friday.
1 min
December 13, 2025
The New Indian Express Hyderabad
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 Hyderabad
Cabinet clears 100% FDI in insurance
THE Union Cabinet on Friday approved a proposal to raise the foreign direct investment (FDI) limit in insurance firms from 74% to 100%, and usher in a set of structural reforms to strengthen the sector.
1 min
December 13, 2025
The New Indian Express Hyderabad
Minister, scholar, LS speaker: Multi-faceted Shivraj Patil passes away
FORMER Union Home Minister Shivraj Patil Chakurkar passed away at 90 on Friday morning at his native Latur in Maharashtra after a brief illness.
1 mins
December 13, 2025
The New Indian Express Hyderabad
'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
The New Indian Express Hyderabad
OUTFOXING AI, FOR BETTER OR VERSE
A paper on ar Xiv by researchers at the Icaro Lab in Italy has set off a firestorm of headlines.
3 mins
December 13, 2025
The New Indian Express Hyderabad
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
Listen
Translate
Change font size