Rizwan Sajan’s journey from the slums of Ghatkopar in Mumbai to building a $2.5 billion real estate empire in Dubai is a story of resilience, ambition, and entrepreneurial acumen.
Early Struggles and Entrepreneurial Spirit
Born into financial hardship, Sajan’s childhood was defined by struggle. His father’s temporary lottery win provided brief relief, but young Sajan still walked kilometers to school with minimal pocket money. Determined to contribute, he launched his first trading venture with a Rs 1,000 loan from his father, buying and selling stationery for a Rs 200 profit. His early ventures in Mumbai brought in Rs 6,000, while a job in Dubai later earned him 150 dinars (Rs 18,000) a month.
A Turning Point: From Mumbai to Kuwait
Tragedy struck when his father passed away, forcing Sajan to drop out of school at 16 to support his family. He started a small box file manufacturing business, but financial constraints persisted. His fortunes shifted when his uncle offered him a job in Kuwait, where he climbed the ranks from trainee salesman to manager, significantly boosting his income. However, the 1990 Gulf War forced him to return to Mumbai, wiping out his savings and stability.
Dubai: A New Beginning and Expansion
Undeterred, Sajan moved to Dubai in 1993 and founded a trading firm. Over time, he diversified into building materials, sanitary solutions, home furnishings, and eventually real estate. His entry into the luxury real estate market in 2014 cemented his status as a leading entrepreneur in Dubai.
Luxury Cars and a Distinctive Identity
As a testament to his success, Sajan owns a fleet of high-end cars, including Mercedes-Benz Maybach, Rolls-Royce, Bentley, and Lamborghini—each bearing the same number plate: 7869.
Transforming Dubai’s Real Estate Market
Sajan revolutionized luxury real estate with his innovative “1 percent plan,” allowing buyers to make small down payments and pay just 1% in monthly installments until project completion. This strategy democratized homeownership, making luxury living more accessible to expatriates in Dubai.
A Legacy of Success
Today, Rizwan Sajan stands as a symbol of perseverance and innovation. From humble beginnings to reshaping Dubai’s real estate market, his journey exemplifies how vision and determination can redefine an industry and create opportunities for millions.
