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Almost a quarter of real estate buyers in Dubai are NRIs
The New Indian Express Kannur
|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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The New Indian Express Kannur
India faces $131-bn deficit with 6 FTA partners
AS India is aggressively pursuing free trade agreement (FTA) negotiations with several countries and regions, the country has a combined trade deficit of more than $131 billion with six of the 11 regions it is actively involved in negotiations, revealed the data from the Ministry of Commerce.
1 mins
December 12, 2025
The New Indian Express Kannur
Maha debt moves up from ₹7.8L cr to 9.3L cr this year
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1 mins
December 12, 2025
The New Indian Express Kannur
100 booked, 40 detained as farm stir against ethanol unit steps up in Raj
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1 min
December 12, 2025
The New Indian Express Kannur
Once a Maoist hotbed, olympics begins in Bastar
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1 min
December 12, 2025
The New Indian Express Kannur
Modi’s 3-nation tour to Oman, Jordan & Ethiopia soon, trade deal expected
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1 min
December 12, 2025
The New Indian Express Kannur
FIFA WC 2026: Amul to sponsor Argentina again
AMUL, the world’s largest dairy cooperative and India’s leading food brand, has extended its partnership with the Argentina Football Association (AFA) for another season, continuing as the Official Regional Sponsor of the reigning FIFA World Cup champions.
1 min
December 12, 2025
The New Indian Express Kannur
Top leader surrenders in MP, Naxals on back foot
TWO Naxalites carrying cumulative rewards of 43 lakh on their heads surrendered before the security forces in Madhya Pradesh’s Balaghat district on Thursday.
1 min
December 12, 2025
The New Indian Express Kannur
VIKSIT WOMEN FOR A VIKSIT BHARAT
WHEN the Government of India released a report titled Children in India 2025, one statistic stood out quietly but powerfully: at the secondary school level, girls are now marginally ahead of boys in enrolment.
3 mins
December 12, 2025
The New Indian Express Kannur
Prez visits Manipur amid shutdown call by rebels
PRESIDENT Droupadi Murmu arrived in Manipur on Thursday on a two-day visit amid a shutdown called by a body of banned insurgent groups.
1 min
December 12, 2025
The New Indian Express Kannur
Diary entries of Patel’s daughter: A gift to Rajnath from Jairam
CONGRESS leader Jairam Ramesh on Thursday handed Rajnath Singh a copy of the diary entries written by Vallabhbhai Patel’s daughter, saying the records contained no reference supporting Singh’s claim that Jawaharlal Nehru intended to rebuild the Babri Masjid with public funds.
1 min
December 12, 2025
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