Meet Real Estate Tycoon Rizwan Sajan, Who Started His Business With Rs 1,000, Is Now Billionaire In Dubai

Rizwan Sajan's journey from the slums of Ghatkopar in Mumbai to becoming a titan of luxury real estate in Dubai is a testament to resilience and entrepreneurial spirit. Born into humble beginnings, Sajan's childhood was marked by financial hardship.

His father's lottery win provided temporary relief, but young Sajan still faced challenges, including walking several kilometers to school and scraping by on meager pocket money.

Determined to contribute to his family's finances, he began his entrepreneurial journey at a young age, starting with rudimentary trading and gradually expanding his ventures.

Sajan, once used to get pocket money from his father of Rs 15. He embarked on a path of entrepreneurial endeavor. He got a loan of Rs 1,000 from his father, he ventured into basic trading and and bought stationery and made a profit of Rs 200. His entrepreneurial spirit flourished, with ventures in Mumbai earning Rs 6,000, and a stint in Dubai securing a monthly salary of Rs 18,000 (equivalent to 150 dinar).

From Mumbai to Kuwait

Tragedy struck when Sajan's father passed away, forcing him to drop out of school at 16 to support his family. With a small sum saved by his father, Sajan ventured into the business of manufacturing box files, which proved successful but insufficient to make ends meet. His fortunes changed when his uncle offered him a job in Kuwait, providing him with a lifeline out of financial struggle.

In Kuwait, Sajan's career soared as he climbed the ranks from a trainee salesman to manager, significantly increasing his income. However, the Gulf War upheaval in 1990 abruptly ended his prosperous stint, forcing him to return to Mumbai and start anew.

Dubai: A Fresh Start and Diversification

Undeterred by setbacks, Sajan tried his luck again in Dubai, where he founded a trading firm in 1993. From there, he diversified his business portfolio, delving into building materials, sanitary solutions, home furnishings, and real estate. Each venture added more heft to his growing empire, culminating in his entry into luxury real estate in 2014.

Rizwan Sajan's Luxury Cars

He owns a fleet of luxury cars, including Mercedes-Benz Maybach, Rolls Royce, Bentley, and Lamborghini, all having the same distinctive number plate: 7869.

Innovative Real Estate Strategy

The report added that Sajan's real estate success can be attributed in part to his innovative "1 percent plan," which aimed to democratize luxury living in Dubai. This strategy allowed buyers to make a small down payment and monthly installments of 1 percent until the building's completion, making homeownership more accessible to expatriates. According to various media reports, Sajan has a net worth of USD 2.5 billion.

Today, Rizwan Sajan stands as a symbol of entrepreneurial success, having transcended his humble beginnings to become a prominent figure in Dubai's real estate landscape. His vision of democratizing luxury living reflects his commitment to innovation and inclusivity, ensuring that dreams of homeownership are within reach for all.