From his humble beginnings in the slums of Mumbai to becoming one of the richest Indians in Dubai, Rizwan Sajan’s story is a testament to the power of perseverance, innovation, and unyielding ambition.
In the bustling slums of Mumbai, few could have predicted that a young boy’s dreams would one day touch the heights of luxury real estate. Rizwan Sajan’s journey from these modest beginnings to a prominent figure in Dubai’s grand property market is a story of resilience, ambition, and extraordinary success, mynation.com reported.
Early Life and Struggles
Born in the crowded streets of Ghatkopar, Mumbai, Rizwan Sajan’s early life was marked by struggle and hardship. His family faced severe financial difficulties, despite his father’s hard work and a stroke of luck from a subsidized lottery. With only ₹15 in pocket money for his siblings, young Rizwan found inventive ways to contribute to the family’s income. He started small, buying and selling school books, delivering milk, and selling festival goods.
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Legacy and Vision: While Sajan has faced challenges in the Indian real estate market, his focus remains on expanding his Middle Eastern empire
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Dubai’s real estate market, with its trustworthiness and growth potential, continues to be his primary arena
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Sajan remains committed to making luxury more attainable and is fervently expanding his business to meet this goal
At just 16, Sajan’s life took a tragic turn when his father passed away. Forced to leave school, he took on the responsibility of supporting his family. Using a small loan from his late father’s savings, he began a modest box file manufacturing business. Although this venture saw some initial success, it wasn’t enough to lift his family out of poverty.
A Turning Point
A significant change came when Sajan’s uncle offered him a job in Kuwait. This opportunity was a lifeline. Starting with a salary of 150 dinars, his income soon grew significantly, along with his ambitions. He bought a Toyota Land Cruiser, a house in Bandra, and even supported his sister’s marriage. However, his newfound stability was disrupted by the Gulf War in 1990, forcing him to return to Mumbai and hitting rock bottom once more.
Rise to Prominence
Determined to change his fortunes, Sajan relocated to Dubai in 1993, where he founded a trading firm. His business acumen led him to diversify into building materials, sanitary solutions, home furnishings, and more. By 2008, he launched Danube Home, and in 2014, he made a significant move into real estate with the launch of Danube Properties.
Sajan’s innovative approach to real estate, particularly his 1 per cent monthly payment plan, revolutionized the market. This plan made luxury more accessible by allowing buyers to pay just 1 per cent of the property’s price each month until completion. The strategy aimed to convert renters into homeowners, significantly easing the path to homeownership for many.
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