Try GOLD - Free
Almost a quarter of real estate buyers in Dubai are NRIs
The New Indian Express Tadepalligudem
|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 Tadepalligudem.
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 Tadepalligudem
The New Indian Express Tadepalligudem
Sebi chief seeks CAs’ help for robust market system
SEBI chairman Tuhin Kanta Pandey has sought active cooperation of chartered accounts (CAs) to build a stronger financial market architecture with standardised complex valuations by ensuring that price assumptions are consistent, transparent, and welldocumented.
1 min
December 14, 2025
The New Indian Express Tadepalligudem
Strong UDF show in Kerala local polls, BJP takes capital
LOCAL body polls often signal the changing course of Kerala politics.
1 mins
December 14, 2025
The New Indian Express Tadepalligudem
Allahabad HC sets aside maintenance order in favour of working wife
THE Allahabad HC has set aside an order passed by a lower court of Gautam Buddh Nagar mandating a man to pay maintenance to his estranged wife.
1 mins
December 14, 2025
The New Indian Express Tadepalligudem
5.7K trees to go for U’khand highway expansion
AS environmentalists continue to protest the felling of over 6,000 trees for a highway project in Uttarkashi, another major ecological concern has emerged from the Kumaon region.
1 min
December 14, 2025
The New Indian Express Tadepalligudem
40-yr-old lynched to death in Bihar over religious identity
A 40-year-old man was lynched by a mob after ascertaining his religious identity in Bihar’s Nawada district, sources said on Saturday.
1 mins
December 14, 2025
The New Indian Express Tadepalligudem
Came to fill SIR form in Indore, but wanted criminal landed in police net
A criminal named in more than 100 offences—including robbery, theft & murder—in Madhya Pradesh & Maharashtra, was held in his native place Indore where he arrived days ago to fill a form for the special intensive revision (SIR) of electoral rolls, police said on Friday.
1 mins
December 14, 2025
The New Indian Express Tadepalligudem
The Great Indian Aviation Robbery
The breakdown was not sudden, though it felt that way to those of us trapped in the glass-and-steel belly of Mumbai’s Chhatrapati Shivaji Maharaj International Airport that day.
4 mins
December 14, 2025
The New Indian Express Tadepalligudem
Godavari Pushkarams dates out
THE State government has officially announced that Godavari Pushkarams will take place from June 26 to July 7, 2027.
1 min
December 14, 2025
The New Indian Express Tadepalligudem
Atmosphere electric as city hails soccer royalty
HYDERABAD put its best foot forward on Saturday by ensuring that the visit of Lionel Messi to India was a resounding success.
1 mins
December 14, 2025
The New Indian Express Tadepalligudem
Shiprocket files for ₹2,342 crore public offering
E-COMMERCE enablement platform Shiprocket has filed for %2,342-crore initial public offering (IPO) with market regulator Sebi.
1 min
December 14, 2025
Listen
Translate
Change font size