India’s wealthy splurging millions on Dubai property

The article first appeared in The Straits Times on December 15, 2023

  • DUBAI – Mr Adel Sajan is witnessing one of the biggest booms his firm has ever seen as a flood of wealthy Indians snap up US$250,000 (S$332,000) apartments in the luxury Dubai skyscrapers built by his family.His family’s own home is a 26,000 sq ft villa in Emirates Hills – a gated residential neighbourhood often dubbed the Beverly Hills of Dubai.“I think every second house is an Indian house over here,” the 34-year-old managing director of Danube Group said in an interview at his mansion, where the marbled living room is the size of a mini soccer field and the glass-walled garage shows off more than 15 cars, from Bentleys to Range Rovers and Lamborghinis…

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