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Almost a quarter of real estate buyers in Dubai are NRIs
The New Indian Express Thiruvananthapuram
|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 Thiruvananthapuram.
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