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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.
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