From Mumbai slums to billionaire with assets of Rs 20,830 crore from Mumbai – Obnews
Samira Vishwas August 09, 2025 10:25 AM

The story from the poverty of Danube group founder Rizwan Sajan to Amiri is amazing. According to the United Arab Emirates Ministry of Economy, their total assets have gone out of Mumbai’s slums to US $ 2.5 billion (about Rs 20,830 crore). Born in Ghatkopar, Mumbai, Sajan faced difficulties at an early age, his father died at the age of 16 and family responsibilities came on him. To make a livelihood, he sold books, crackers and transported milk, which further enhanced his entrepreneurship.

In 1981, Sajan moved to Kuwait, where he worked as a trainee salesmen in his uncle’s construction material shop and achieved important business skills. He had to return to Mumbai due to the 1990 Gulf War, but he moved to Dubai without being distracted by it. In 1993, he founded the Danube Group, which started with construction materials and later expanded the field of real estate and home decoration. By 2019, the company’s annual turnover reached US $ 1.3 billion, which will increase to US $ 2 billion by 2023, and will operate in the United Arab Emirates, India and Middle East.

Sajan’s innovative “1% Monthly Payment Scheme” revolutionized the real estate in Dubai, making luxury houses accessible to the migrants. Today, Danube Group is a leading group with over 50 showrooms and thousands of employees. Sajan, called “1% Man” from Dubai, lives in a luxurious mansion in the Emirates Hills, and has several luxury cars, including six rolls-roots.

His journey from the streets of Mumbai to the aristocratic class of Dubai inspires millions of people, showing their flexibility and foresight. The success of the hard work and strategic innovation is shaping the real estate landscape of the UAE, and is proving that determination can turn dreams into a reality of billions of dollars.

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