On September 26, HDFC Bank Limited declared that the Dubai Financial Services Authority (DFSA) had formally instructed its Dubai International Financial Centre (DIFC) office to restrict the onboarding of new customers.
The DIFC branch is prohibited from approaching or doing business with new clients who have not finished the onboarding procedure by that date, according to the Decision Notice of September 25, 2025. The limitations apply to a variety of financial services operations, such as custody-related services, investment transaction structuring, credit arrangement or advice, and financial product advice.
DIFC Prohibited From Engaging Financial Promotions
DIFC is not allowed to onboard new customers or run financial promotions. Clients who have previously received financial services but were not properly onboarded may still be served, and current clients may continue to receive services.
Until the DFSA publishes a written revision or repeal, the directive, which went into force on September 26, 2025, will stay in effect. Concerns about improperly onboarded financial services for clients and problems with the branch’s onboarding procedures were the core reasons behind the move, as mentioned by the DFSA.
Response from HDFC
No major financial repercussions are anticipated because HDFC Bank indicated that the DIFC Branch business is not relevant to its overall operations or financial situation. 1,489 customers, including joint holders, had been onboarded to the branch as of September 23, 2025.
The bank declared that it has already taken the required actions to adhere to the instructions and that it is dedicated to assisting the DFSA in its current investigation as well as to promptly resolving and addressing the regulator’s concerns.
What Forced DFSA to Take Stringent Action Against HDFC?
The two-year-old scandal over the purported mis-selling of high-risk Credit Suisse additional tier-1 (AT1) bonds serves as the context for the regulatory action. Through its UAE operations, which included account booking with its Bahrain branch, relationship management by employees at its Dubai representative office, and advising from DIFC authorities, the bank was accused by investors of marketing the products.
The effective onboarding of clients in the DIFC, a jurisdiction with distinct financial regulations and a more stringent environment for “professional clients”, was investigated.
When the AT1 bonds were written down in 2023 amid Credit Suisse’s collapse, a number of non-resident Indian investors suffered significant losses and were subject to margin calls on leveraged positions.
Quick
Shots
•The restriction took effect on September
26, 2025, as per a Decision Notice issued on September 25, 2025.
•DIFC branch cannot onboard new
customers, approach potential clients, or run financial promotions.
•Current customers will continue
receiving services; improperly onboarded clients can still be served.
•Regulatory action linked to concerns
over improper onboarding procedures and mis-selling of high-risk Credit
Suisse AT1 bonds.
Emirates has established itself as a global powerhouse, setting new standards for luxury and excellence and having a skyrocketing trajectory that has revolutionized the aviation industry. Emirates was founded in 1985 as the national airline of Dubai, United Arab Emirates. Since then, it has gone on an extraordinary journey that has helped it rise to the top of the market.
Emirates’ illustrious history is enriched by its unwavering dedication to innovation and client satisfaction. In the fiscal year 2023–24, Emirates carried 51.9 million passengers, marking a 19% increase from the previous year. This growth was accompanied by a 21% rise in seat capacity, resulting in a Passenger Seat Factor of 79.9% . The Emirates Group’s revenue rose an astounding 81% from the prior year to a staggering AED 119.8 billion (US$32.6 billion). Such impressive figures are proof of the unwavering confidence that travelers all over the world have in the Emirates.
Emirates is one of the world’s top airlines because of its unwavering commitment to quality, which has helped the company gain a sizable market share. Operating over 1,990 passenger flights per week to a network of 101 destinations in 61 countries across six continents, Emirates seamlessly connects people from all corners of the world.
Emirates’ successes and accomplishments have not gone unnoticed. Numerous prestigious awards, including the title of World’s Best Airline at the Skytrax World Airline Awards, have recognized its consistent growth and superior service. Such acknowledgment is a powerful testament to Emirates’ unwavering dedication to offering its customers experiences that are unmatched.
A key factor in Emirates’ success lies in its astute marketing strategies. By leveraging its unparalleled luxury offerings, cutting-edge technology, and global reach, Emirates has captured the imagination of travelers worldwide. The airline’s distinctive branding, captivating advertisements, and sponsorship of high-profile events have propelled it into the spotlight, ensuring its presence resonates far beyond the confines of the aviation industry.
Emirates stands tall as a symbol of excellence and innovation in the aviation industry. Emirates continues to soar to new heights with the highest cash balance ever reported of AED 42.5 billion (US$11.6 billion), propelled by its unwavering dedication to delivering extraordinary experiences, its strong market position, and its unwavering dedication to redefining the future of travel.
Emirates has strategically positioned itself to cater to a diverse and discerning target audience. This includes high-net-worth individuals, business executives, and luxury-seeking leisure travelers. With a global appeal, Emirates targets passengers from various regions, offering a vast network of 101 destinations across six continents. The airline focuses on individuals with higher disposable incomes who value premium services and exclusive experiences. Emirates also draws frequent business travelers who value connectivity and efficiency.
Emirates Marketing Mix
Emirates, the epitome of luxury and innovation in the aviation industry, has mastered the art of creating a powerful marketing mix that captivates and entices its target audience. Through meticulous planning and execution, Emirates has seamlessly integrated the key elements of the marketing mix to position itself as a leading global airline.
Emirates Marketing Mix
Emirates Product Strategy
Emirates offers an exceptional product that sets it apart from its competitors. Emirates offers an unmatched traveling experience with its cutting-edge aircraft, opulent cabin interiors, and top-notch amenities. The airline continually invests in upgrading its fleet to ensure the highest standards of comfort and safety for its passengers.
Emirates Business Class Seat
Emirates Pricing Strategy
Emirates employs a dynamic pricing strategy, balancing affordability with the perception of exclusivity. The airline offers different fare classes, allowing customers to choose the level of luxury and services they desire. By leveraging its extensive route network and operational efficiency, Emirates strives to offer competitive prices while maintaining its premium positioning.
Emirates Place Strategy
With its hub at the world-renowned Dubai International Airport, Emirates strategically positions itself as a global connecting point. The airline’s extensive route network spans major cities across the globe, allowing convenient and seamless travel for its passengers. Moreover, Emirates collaborates with partner airlines to extend its reach and offer customers a wider range of destinations.
Emirates’ Route Network
Emirates Promotion Strategy
Emirates’ marketing campaigns are known for their creativity, sophistication, and global reach. The airline utilizes a mix of traditional and digital advertising channels, captivating audiences with captivating visuals and compelling storytelling. From high-profile sponsorships to engaging social media campaigns, Emirates leaves no stone unturned in creating brand awareness and driving customer engagement.
People
Emirates places a strong emphasis on its customer service, recognizing the crucial role of its staff in delivering exceptional experiences. The airline invests heavily in training and development, ensuring its employees embody the brand’s values of hospitality and professionalism. From the pilots to the cabin crew, Emirates’ dedicated team plays a vital role in creating a positive and memorable journey for passengers.
Emirates’ success in the aviation industry can be attributed, in large part, to its effective marketing mix. With its unwavering commitment to innovation and customer satisfaction, Emirates continues to redefine the boundaries of excellence in the market, captivating travelers worldwide with its unmatched luxury and service.
Emirates has crafted a series of captivating and memorable marketing campaigns that have left an indelible mark on the minds of consumers worldwide. These advertisements demonstrate the airline’s dedication to innovation, luxury, and the hassle-free travel experience it provides.
Emirates launched the Hello Tomorrow campaign in 2012, and it was one of its most notable campaigns. This global advertising campaign marketed Emirates as a cutting-edge, futuristic airline. The advertisement featured futuristic graphics that emphasized the airline’s state-of-the-art aircraft, luxurious amenities, and top-notch service. The campaign, which positioned Emirates as a symbol of innovation, helped it stand out from its competitors.
The “Emirates #HelloJetman” campaign is another noteworthy one from 2015. Emirates displayed daring jetpack flying feats alongside its A380 aircraft as part of a ground-breaking partnership with Jetman Dubai. The marketing campaign, which fused the thrill of extreme sports with the comfort of air travel, captivated audiences all over the world. It demonstrated the brand’s audacity and willingness to break barriers, further solidifying its position as an innovator in the field.
#HelloJetman | Emirates Advertising Campaign
Real Madrid and Emirates have a successful partnership that has produced effective marketing campaigns. Emirates has produced interesting content featuring Real Madrid players, such as in-flight safety videos and behind-the-scenes footage, by utilizing the team’s international fan base. These campaigns have successfully tapped into the passion of football fans, effectively promoting the airline and strengthening its brand presence.
Emirates & Real Madrid – Emirates Airlines Marketing Strategy
These marketing campaigns demonstrate Emirates’ ability to think outside the box and create memorable experiences for consumers. By combining cutting-edge technology, captivating storytelling, and strategic partnerships, Emirates continues to captivate audiences and reinforce its position as a leader in the aviation industry.
Emirates has soared to remarkable heights through its impeccable marketing strategies. With a blend of innovation, creativity, and a customer-centric approach, Emirates has successfully positioned itself as a leader in the aviation industry. Let’s explore the top marketing strategies that have propelled Emirates to the forefront of the market.
Branding Excellence
Emirates has cultivated a strong brand identity, symbolizing luxury, elegance, and impeccable service. Its iconic logo, the Emirates logo, has become synonymous with world-class air travel. Through consistent branding across various touchpoints, Emirates has instilled trust and loyalty in its customers.
Emirates Logo
Customer-Centric Approach
Emirates places its customers at the core of its marketing strategies. By understanding their needs and preferences, Emirates delivers tailored experiences that exceed expectations. The airline invests in advanced data analytics and customer feedback mechanisms to gain insights and personalize offerings. Emirates’ My Emirates Pass campaign offers exclusive discounts and benefits to its customers, enhancing their travel experiences and fostering customer loyalty.
Innovative Partnerships
Emirates has forged strategic partnerships with high-profile entities to extend its brand reach and create unique experiences. Collaborations with luxury brands, sports teams, and cultural events have allowed Emirates to tap into diverse markets and connect with a broader audience. Emirates’ partnership with Formula 1 showcases its commitment to speed, precision, and technology. By sponsoring the Emirates Formula 1 team, the airline leverages the global appeal of motorsports to enhance its brand visibility.
The Partnership Between Emirates and Formula 1
Exceptional In-Flight Services
Emirates’ focus on providing exceptional in-flight services sets it apart from its competitors. From gourmet dining options to onboard entertainment systems and luxurious cabin interiors, Emirates offers a memorable and immersive travel experience. The Emirates A380 Onboard Lounge exemplifies the airline’s commitment to luxury and hospitality. Passengers can socialize, enjoy premium beverages, and relax in a sophisticated setting.
The Emirates A380 Onboard Lounge
Emirates Digital Marketing Strategy and Social Media Engagement
Emirates utilizes digital platforms to engage with its audience and build brand loyalty. Through captivating content, influencer collaborations, and engaging social media campaigns, Emirates creates a strong online presence and fosters customer interaction. Emirates’ Fly Better campaign utilized social media platforms to encourage passengers to share their travel stories and experiences. This user-generated content amplified the brand’s reach and reinforced its brand message.
Brand Imagery and Advertising
Emirates uses strong, high-quality ads and images on different media platforms to show its brand. These visuals remind people of the airline’s values and the good service it promises.
Sponsorships and Event Marketing
Emirates’ sponsorship of high-profile events and sports teams helps enhance its brand visibility and engage with target audiences. By aligning itself with prestigious events, Emirates reinforces its association with luxury, excellence, and global connectivity. Emirates’ partnership with the ATP World Tour as the official airline showcases its commitment to international sports and connects with tennis enthusiasts worldwide.
Emirates’ Partnership with the ATP World Tour
Commitment to Sustainability
Emirates’ marketing strategies incorporate its commitment to sustainability, highlighting its efforts to reduce environmental impact and promote responsible travel. By emphasizing eco-friendly initiatives, Emirates appeals to environmentally conscious travelers. Emirates’ A Greener Tomorrow campaign emphasizes its commitment to reducing carbon emissions and promoting sustainable practices, resonating with environmentally conscious travelers.
A Greener Tomorrow | Emirates Airline
Emirates has demonstrated the power of effective marketing strategies. These marketing strategies have not only propelled Emirates to the forefront of the aviation industry but also established it as a global symbol of luxury and excellence. So, marketers and start-ups, take note and embark on your journey of success by learning from Emirates’ remarkable marketing strategies. Dare to be bold, think outside the box, and create experiences that leave a lasting impact on your target audience. The sky’s the limit!
FAQs
When was Emirates founded?
Emirates was founded in 1985 as the national airline of Dubai, United Arab Emirates.
What is Emirates target audience?
Emirates’ target audience includes high-net-worth individuals, business executives, and luxury-seeking leisure travelers. The airline focuses on individuals with higher disposable incomes who value premium services and exclusive experiences. Emirates also draws frequent business travelers who value connectivity and efficiency.
What are the marketing strategies employed by Emirates?
Below are the marketing strategies employed by Emirates:
Amongst the extravagance and luxury of Dubai’s towering skyscrapers and exotic cars, lies a stark reality of hundreds of abandoned supercars that make up the abandoned car market in Dubai.
These expensive cars in Dubai, left to gather dust and decay in parking lots and impound yards, serve as a reminder of the consequences of impulsive purchases and financial mismanagement in a city known for its excess.
Supercars like Ferrari, Lamborghinis, Porsches, Bentley’s and many other luxury cars are quite common in the streets of London, Los Angeles, Monaco, Paris, New York, and Dubai.
Another place where thousands of supercars can be seen is in the Airports and different parking areas of the United Arab Emirates, especially in Dubai.
You might feel, what’s wrong in that, well nothing would have been wrong if the cars were there for just a limited time.Those cars are abandoned there, in simple word left there to rot.
The cars that are extremely expensive and some cost over millions of dollars are left there for years. In this article we will talk about why the Supercars are abandoned in Dubai and what happens to those.
Supercars Graveyard in Dubai
No one would have thought that cars that cost millions of dollars would be abandoned every year in Dubai, and not just two or three but thousands of them by their owner. In fact, it’s a common practice there.
This caused a big debate on social media, when someone spotted the picture (below) of a £1 million Ferrari Enzo.
Ferrari Enzo in Supercar Graveyard Dubai
Abdul Majeed Saifaie, the director of Dubai’s Waste Management Department, has shed light on the abandoned car market in Dubai.
He explains that if any cars happen to obstruct other vehicles or congest the roads, they are immediately removed. However, if this is not the case, these vehicles are often left untouched in the same spot for several years.
Contrary to popular belief that these abandoned sports cars in Dubai are by affluent individuals who no longer value their vehicles, the truth is far from it.
Why these Supercars are Abandoned in Dubai
Financial Crisis
People come to Dubai to make their career, however, because of the financial crisis, there are very few people who make it to the top. Then the rest of them struggle with their career and sometimes even after buying their dream car, they are not able to pay the rest of the money, so they abandon the car and flee from the city to avoid going into jail.
There are also foreigners who get a high-paying job and start buying many luxurious things, which sometimes include a supercar as well, but the financial crisis becomes a struggle for them to keep up with the living cost. Therefore many exclusive sports cars like BMW, Ferrari’s, and Lamborghini’s were abandoned by their owners as they got bankrupt.
Well! The case of abandoned luxury cars in Dubai is a prime example of how financial difficulties can arise even for those who are initially financially stable.
It just goes to show that no matter how much you earn, it’s important to manage your finances well. If you want to learn how to avoid such financial troubles, you should check out our article on “10 Steps To Organize Your Personal Finance In New Financial Year“
The Strict Law in Dubai
Sharia law is followed by Dubai’s legal system, in here if your debt is not paid by you, it becomes a criminal offense. For those who go bankrupt, the legal system of Dubai doesn’t show an ounce of mercy to them. The people take loans from the bank to buy these supercars and when they are not able to pay off the loan of their cars they are forced to leave their cars and flee Dubai.
The law strictly states that if they are not able to repay for their cars and credit card bills, they end up in jail. Sometimes, the keys of the cars are left in the ignition as well while they flee to avoid jail time.
This doesn’t just include foreigners but the locals as well; they bought those supercars by taking loans to keep up with their acquaintances but end up with the sword of debts hanging on their heads. The amazing cars left behind keeps on getting more dust added to them with time, as the harsh laws remain the same for everyone and one will find no protection for bankruptcy.
Many people assume that the wealthy are immune to financial hardships, but the reality is that even the richest individuals need to safeguard their assets.
That’s why insurance is so important for anyone, regardless of their financial standing. If you want to learn more about why the rich choose to invest in insurance, check out this article on “8 Reasons Why The Rich People Buy Insurance?”
What Happens To The Abandoned Supercars in Dubai?
Now the main question, What happens to these cars? Well, to be specific when abandoned cars are found by the police and authorities, they notify the owners of these cars.
Most of the time, the owners choose to ignore the notification and don’t show up for their luxury cars, so the vehicles get confiscated. These cars often remain unclaimed and are auctioned at a much lower price.
Some reports claimed, every year over 3000 cars are left alone in the urban center of Dubai. Whoever wants to buy a luxury car at a much cheaper price can take a look at the auctions held for the cars in Dubai.
Is It Possible To Buy An Abandoned Car In Dubai?
Absolutely! It is possible to buy an abandoned car in Dubai, but the process can be quite complicated and may involve legal requirements.
According to the Dubai Municipality, an abandoned vehicle is defined as any motor vehicle that has not been moved from a public place or private property for a period exceeding 30 days, and the owner or operator cannot be identified or contacted.
When the Dubai police find an abandoned car, they give the owner a 15-day notice to claim it. If the owner doesn’t come forward, the Dubai municipality seizes the car.
The owner still has six months to claim the car before it’s auctioned off. The auctions of the cars are through invitation-only, so buyers need to register with the police to verify they can afford the car.
Alternatively, buyers can ask a dealer to help them bid on their desired abandoned car.
To buy an abandoned car at a car auction, follow these steps:
As a guest, you’ll get a document with all the car details.
Register for the auction by showing your Emirates ID and paying a deposit fee at the counter.
You’ll receive a bidding number.
A panel of 4 to 5 people will run the auction, and the car will go to the highest bidder.
You must pay for the car within 48 hours after the auction.
Remember, these cars don’t come with any manufacturer or dealer warranty.
Points to Consider Before Buying an Abandoned Supercar in DUbai
Before buying an abandoned luxury car in Dubai, it’s essential to perform a thorough inspection both inside and out. These cars often sit in impound lots or other locations for long periods, which means dust and sand can accumulate in the engine, affecting the car’s performance. Even after a detailed wash, some dirt might remain, so it’s a good idea to take the car to a detailing shop in Dubai for a deep clean.
Luxury cars are often abandoned in Dubai for various reasons. Now that you know what happens to these cars and how they’re sold, if you’re interested in purchasing one, be sure to contact a licensed dealer. Also, ensure you have all the necessary documents for buying a new or used car in Dubai.
Conclusion
So what can we learn from the issue of abandoned supercars in Dubai? The message is clear:
Financial planning and responsible spending are crucial to long-term success.
It’s easy to get caught up in the allure of luxury and excess, but these things can quickly become a burden if not properly managed.
By taking a lesson from the abandoned supercars in Dubai, we can avoid the pitfalls of overspending and ensure that our businesses and finances remain on solid footing.
Why are supercars abandoned by their owners in Dubai?
The owners after facing bankruptcy often flee the country and left the luxury cars behind, as under Sharia law, if the debt is not paid, then it’s a criminal offence and the person is subjected to jail.
Where is the supercar graveyard?
Dubai abandoned supercars are often left on the streets, attracting attention due to their high value. The supercar graveyard is in Dubai. They can be found randomly in the Airports and other parking lots abandoned by their owners.
How much time is given in Dubai to the owners to claim their cars back?
As per the law of Dubai, once the abandoned car is found and is seized, they have only six months to claim their car back.
Dubai has come to be regarded as a global wealth-making place, hosting a rare amalgam of various strategic positions, visionary and risk-takers of decisions, and an upbeat economy.
The tax-haven status and free repatriation of all revenues attract foreign investments, whereas a glorious placement facilitates businesses to operate in over 3 billion markets. The Dubai International Financial Centre (DIFC) offers interstitial assurance to the financial services domain, while the initiatives in AI, Web3, and data analytics foster the necessary innovation.
The boom in the real estate sectors, courtesy of Expo 2020 advantages and sustainable development, is ripe with opportunities.
Here is a list of the top 30 richest people in Dubai.
Pavel Durov, who was born on 10th October 1984 in Russia, an IT entrepreneur, is a person known for founding Telegram. He moved the headquarters of Telegram to Dubai in 2017. He was ranked 120th on the billionaire’s list of Forbes in 2023, with a personal worth of $15.5 billion as of 25th August 2024, and is one of the richest man in Dubai.
In February 2023, Arabian Business called him the most powerful entrepreneur in Dubai. Durov is a supporter of Internet freedom and uses his platform to speak against laws that impose restrictions. He has citizenship in Russia, Saint Kitts and Nevis, UAE, and France; since 2021. Durov has an impact around the world.
Mohammed Bin Rashid Al Maktoum
Name
Sheikh Mohammed bin Rashid Al Maktoum
Position
UAE vice president and prime minister
Net Worth
$18 billion
Richest Person in Dubai – Sheikh Mohammed bin Rashid Al Maktoum
Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai, and currently the UAE vice president and prime minister, was born on July 15, 1949. He became the ruler of Dubai on January 4, 2006, following the death of his brother Sheikh Maktoum bin Rashid Al Maktoum; the next day, he was appointed vice president of the UAE and approved as prime minister on February 11 and is one of the top 10 richest person in Dubai.
A billionaire deriving most of his fortune from real estate served mainly within the world of development. Given his blurred line of state and personal assets, his worth is said to be around $14 billion in 2025.
Sunil Vaswani
Name
Sunil Vaswani
Position
Chairman of Stallion Group
Net Worth
$1.6 billion
Richest Person in Dubai – Sunil Vaswani
Sunil Vaswani, who was born on July 11, 1963, in Jaipur, India, is one of the Nigerian billionaires of Indian origin. He is also the chairman of Stallion Group, a Dubai-based conglomerate with interests in roads, foods, steel, plastics, and petrochemicals. Stallion Group has grown under his leadership to include outlets in Asia, the United Arab Emirates, and Africa, as well as acting as a representative of international brands and industries such as rice milling and vehicle assembly. He lives in Emirates Hills in Dubai and is of dual nationality, holding both Nigerian and British citizenship. As of February 2025, Forbes estimated his worth at $7.48 billion.
M.A Yusuffali
Name
M. A. Yusuff Ali
Position
Chairman of Lulu Group International
Net Worth
$5.8 billion
Richest Person in Dubai – M. A. Yusuff Ali
M. A. Yusuff Ali, a businessman who was born on November 15, 1955, in Nattika, Kerala, is now an Indian billionaire and the chairman of Lulu Group International. He moved to Abu Dhabi in 1973 to turn his uncle’s distribution business into a multinational empire: his Lulu Group has over 250 hypermarkets and most malls in the Middle East, Asia, and Europe, making an annual turnover of $ 8.4 billion with the largest Indian diaspora workforce.
He was the top Indian businessman in the Arab region according to Forbes Middle East in 2018. By 2025, his net worth will be calculated at about $6.4 billion.
Joy Alukkas
Name
Joy Alukkas
Position
Chairman Joyalukkas Group
Net Worth
$4.4 billion
Richest Person in Dubai – Joy Alukkas
Joy Alukkas, born on September 4, 1956, in Thrissur, Kerala, is chairman of Joyalukkas Group, the largest jewel retail chain. Coming from a family background as a jeweler, he started the brand in the year 2001 and has expanded the brand to more than 160 showrooms in 11 countries. The Middle East remains a stronghold for the brand. His business prides itself before the court of customer service and quality production, while at the same time operating under Joyalukkas Exchange and Joyalukkas Lifestyle Developers. He is a great philanthropist involved in various social service initiatives. He stays in Dubai and keeps building new avenues. As of Feb 2025, Forbes estimated his net worth to be $4.4 billion, thereby making possible checks on him as a key figure in the global jewelry market.
Hussain Sajwani
Name
Hussain Sajwani
Position
Founder DAMAC Properties
Net Worth
$5.1 billion
Richest Person in Dubai – Hussain Sajwani
Hussain Sajwani, a UAE born back in 1952 or 1953, is the brains of DAMAC Properties, the largest luxury real estate developer across the Middle East. Joining Abu Dhabi Gas Industries in 1981 as a finance officer, Sajwani saw entrepreneurship by launching Global Logistics Services, a catering company, in 1983. He founded DAMAC Properties in 2002 and developed around 27,400 homes under it. According to estimates in August 2024, Sajwani’s net worth is estimated at $5.1 billion. The company has formed partnerships with luxury brands such as Versace, Fendi, and Roberto Cavalli. In 2025, he and Donald Trump announced a $20 billion investment in U.S. data centers.
Abdulla Bin Ahmad Al Ghurair
Name
Abdulla bin Ahmad Al-Ghurair
Position
Founder of Mashreqbank
Net Worth
$3.9 billion
Richest Person in Dubai – Abdulla bin Ahmad Al-Ghurair
Born in or around 1930, Abdulla bin Ahmad Al-Ghurair is an Emirati billionaire who is the founder of Mashreqbank. Although he resigned as chairman in October 2019, he continues to be a board member. He also founded Oman Insurance in 1975, re-branded as Sukoon in 2022, while his construction company was pivotal in the development of Dubai Metro and for the external cladding of Burj Khalifa. Forbes’s real-time calculations on February 12, 2025, pegged his family’s valuation at $4.7 billion, while some report it as $4.9 billion. He has diversified sources of income, with a net worth increment of $911.59 million as of 2023.
Sunny Varkey
Name
Sunny Varkey
Position
Founder and executive chairman of GEMS Education
Net Worth
$3.8 billion
Richest Person in Dubai – Sunny Varkey
Sunny Varkey, born April 9, 1957, in Kerala, India) is a Dubai-based entrepreneur and philanthropist. He is the founder and executive chairman of GEMS Education, the largest private K-12 school operator in the world. He was raised by teacher parents who moved to Dubai in 1959; after spending some time in banking, trading, and health care, he began to develop his family school. The formal establishment of GEMS Education was in 2000, offering varying curricula with a worldwide scope. He is also the chairman of the Varkey Group and has established the Varkey Foundation for improving education across the globe. As of February 2025, his estimated net worth is $4 billion.
Feroz Allana
Name
Feroz Allana
Position
Founder of the Allana Group
Net Worth
$4.3 billion
Richest Person in Dubai – Feroz Allana
Feroz Allana is a UAE businessman active since 1975, and he is one of the founders of the Allana Group; the IFFCO Group mammoth conglomerate based in the UAE professing business in consumer products the other. Under his stewardship, IFFCO burgeoned into 38 factories located in 37 countries, producing over $7 billion a year with a workforce of more than 12,500 employees; its products touch consumers in 101 countries across the world. His estimated net worth as of November 2024 is about $4.3 billion, making him one of the foremost business personalities in the UAE.
Ravi Pillai
Name
Ravi Pillai
Position
Founder and chairman of RP Group
Net Worth
$4.3 billion
Richest Person in Dubai – Ravi Pillai
B. Ravi Pillai was born in the year 1953 on the second day of September. An Indian businessman per se, now residing in Dubai, and the founder and chairman of RP Group, the transnational corporate giant that spans businesses from construction, hospitality, steel, and cement to oil and gas. He started up an engineering contracting firm in the Kerala state but later shifted to Saudi Arabia to make a home in 1978 after a labor strike.
There, he founded Nasser S. Al Hajri Corporation (NSH) which thereafter became the flagship of RP Group. As of 2023, Forbes calculated his net worth at $3.5 billion, pegging him as one of the top business personalities in the Middle East.
Abdulla Al Futtaim
Name
Abdulla Al Futtaim
Position
Founder of Al-Futtaim Group
Net Worth
$2.6 billion
Richest Person in Dubai – Abdulla Al Futtaim
Abdulla Al Futtaim is an Emirati billionaire businessman, investor, and philanthropist who owns Al-Futtaim Group, a diverse conglomerate engaged in automotive, retail, real estate, financial services, and healthcare. His businesses also include Al-Futtaim Motors, the exclusive distributor of Toyota, Lexus, and Hino in UAE, and the association with Al-Futtaim Trading, Real Estate and Retail arms. In 2000, the Al-Futtaim family separated business interests with Abdulla running the automotive and retail while his late cousin Majid Al Futtaim was given the property development area. Forbes assesses the billionaire’s case to be worth $2.9 billion in February 2025.
Shamsheer Vayalil
Name
Shamsheer Vayalil Parambath
Position
Founder and chairman of Burjeel Holdings
Net Worth
$2.1 billion
Richest Person in Dubai – Shamsheer Vayalil Parambath
Shamsheer Vayalil Parambath, a radiologist and businessman, was born on January 11, 1977. He is the founder and chairman of Burjeel Holdings, one of the leading healthcare providers in the Middle East. Through his family office, VPS Healthcare, he manages a wide-ranging investment portfolio that includes Burjeel Holdings, RPM, LifePharma, Lakeshore Hospital, Ziva, Keita, and Educare Institute. He is also the vice-chairman and Geschäftsführer of Amanat Holdings.
Vayalil began his career as a radiologist at Sheikh Khalifa Medical City in Abu Dhabi. In 2007 he opened his first hospital, the LLH Hospital, in Abu Dhabi. In the following twelve years, his company VPS Healthcare would inaugurate 20 hospitals in three countries. Currently, there are over 23 medical centers run by VPS Healthcare, with almost 13,000 employees across the Middle East. Vayalil’s net worth stands at $2.6 billion as of 2023 making him one of the richest man in Dubai.
Raghuvinder Kataria
Name
Raghuvinder Kataria
Position
Chairperson of Kataria Holdings
Net worth
$ 2.1 billion
Richest Person in Dubai – Raghuvinder Kataria
Raghuvinder Kataria, a British billionaire businessman born in April 1949 in Jinja, Uganda, has a major interest in telecommunications and real estate. At 16, he moved to London, where he became a chartered accountant and began his career with International Computers Limited (ICL) before assuming the role of European treasurer. He set up Jasmine Telecom in Thailand, which merged with Bharti Enterprises, and received a load of money for a minority stake in Bharti Airtel for approximately $500 million. Apart from being chairperson of Kataria Holdings, based in Dubai, he manages investments focusing on infrastructure and financial services. Forbes reports a net worth of $2.1 billion in February 2025.
Saket Burman
Name
Saket Burman
Position
Vice-chairman of Dabur
Net worth
$ 1.4 billion
Richest Person in Dubai – Saket Burman
Saket Burman, the British billionaire businessman, was born in either 1976 or 1977; he is the vice-chairman of Dabur Ltd., a top-end consumer goods company. Upon the death of his father Sidharth Burman in 2015, he inherited a 12.4 percent stake in Dabur. After completing a bachelor’s degree in marketing and finance from the University of Wisconsin-Madison, he rose to senior management positions in the company. He is also a director of Dabur International Ltd., based in Dubai. He leads an international life, having residences in Dubai, London, and Delhi. In 2025, Forbes estimated his net worth to be $1.5 billion, mostly from his stake in Dabur.
Philip Day
Name
Philip Day
Position
Chairman – Edinburgh Woollen Mill
Net worth
$ 1.2 billion
Richest People in Dubai – Philip Day
Philip Day is a billionaire businessman from the United Kingdom, born in October 1965, who resides in Dubai and serves as the owner and chief executive officer of The Edinburgh Woollen Mill Group, which includes Peacocks and Bonmarché. He began his career at Coats Viyella and later became Joint Managing Director of Aquascutum. He joined The Edinburgh Woollen Mill in 2001 and led the buyout of that company in 2002. Under his management, the acquisitions of other companies such as Ponden Mill, Rosebys, and Jaeger were carried out by Edinburgh Woollen Mill. Known for turning around ailing retail chains, he bought Peacocks in 2012. Forbes estimates that his net worth is $1.2 billion as of February 2025.
Divyank Turakhia
Name
Divyank Turakhia
Position
Co-founder of Directi
Net worth
$ 1.8 billion
Richest People in Dubai – Divyank Turakhia
Divyank Turakhia, one of the billionaires in Dubai was born on January 29, 1982. He is an entrepreneur and investor of Indian origin, working extensively in technology and advertising. At 18, he co-founded Directi with brother Bhavin, who later founded multiple successful ventures, including Media.net, sold in 2016 for $900 million—one of the largest-ever ad-tech deals. Dubbed one of the youngest billionaires, he loves learning, flying, and scuba diving and splits his time between Dubai, Los Angeles, London, and San Francisco. According to Forbes, he has a projected net worth of $1.8 billion as of February 2025, signifying his imprint on the tech sector as an innovative entrepreneur and vision-driven investor.
Mohammed Khalaf Al Habtoor
Name
Mohammed Khalaf Al Habtoor
Position
Chairman and CEO of Al Habtoor Group
Net worth
$ 1.5 billion
Richest People in Dubai – Mohammed Khalaf Al Habtoor
Mohammed Khalaf Al Habtoor, one of the billionaires in Dubai was born on September 30, 1968. He is Vice Chairman and CEO of Al Habtoor Group, one of the leading Emirati conglomerates involved in hospitality, automotive, real estate, and education. Son of the founder Khalaf Al Habtoor, Mohammed Khalaf received a degree in Hotel and Restaurant Management and played a crucial role in almost all major developments in Dubai, including Al Habtoor City and Waldorf Astoria Dubai Palm Jumeirah. Based out of Dubai, he deals with a myriad of activities involving all the different business ventures of the group as well as their philanthropic undertakings. Forbes estimates their worth at $1.5 billion as of February 2025, which underscores his influence within the UAE corporate landscape.
Abdulla Al Naboodah
Name
Abdullah Al Naboodah
Position
Chairman of the Saied and Mohammed Al Naboodah Group
Net worth
$ 1.5 billion
Richest People in Dubai – Abdullah Al Naboodah
Abdullah Al Naboodah is an eminent Emirati businessman and chairman of the Saied and Mohammed Al Naboodah Group, a major Dubai-based conglomerate having diverse interests in realms including construction, real estate, automotive, and investment. Starting humbly as a management trainee in 1978, he grew and led the group through major developments and into involvement with big projects throughout the UAE. Besides his industrial ventures, he has made tremendous contributions to sports in the UAE, serving since 2010 as the chairman of Al Ahli Club and Al Ahli Football Company. Forbes estimates that in February 2025, he had a net worth of $1.5 billion and he is one of the richest men in Dubai.
Saeed Bin Butti Al Qebaisi
Name
Abdullah Al Naboodah
Position
Chairman of the Saied and Mohammed Al Naboodah Group
Net worth
$ 1.5 billion
Richest People in Dubai – Saeed Bin Butti Al Qebaisi
Saeed Bin Butti Al Qebaisi is a famous Emirati businessman and chairman of Centurion Investments, a private equity firm in Abu Dhabi. With a diverse range of interests spanning healthcare, money exchange, and retail, he has been director of the boards of NMC Health Plc and Tasameem Real Estate Co. LLC. His leadership has helped many sectors of growth in the UAE. Based out of Abu Dhabi, he constantly oversees his investments and businesses. Forbes estimates his net worth at $1.2 billion in February 2025, establishing him as a highly influential person on the Emirati business scene.
Azad Moopen
Name
Azad Moopen
Position
Founder of Aster DM Healthcare
Net worth
$ 1.1 billion
Richest People in Dubai – Azad Moopen
Azad Moopen, born on July 28, 1953, hails from Kalpakanchery, Kerala, India. He is a prominent healthcare entrepreneur and is behind Aster DM Healthcare. After being a medical lecturer, he traveled to Dubai in 1987 to establish Aster DM Healthcare, the country that now runs over 697 hospitals, clinics, and pharmacies in seven countries. Through the Aster DM Foundation, Moopen is known for being dedicated to affordable and high-quality healthcare and various philanthropic initiatives. The Padma Shri Award was given to him in 2011 as a recognition of his accomplishments. As of February 2025, he has an estimated net worth of 1.1 billion USD, according to Forbes, and resides in Dubai.
Micky Jagtiani
Name
Micky Jagtiani
Position
Chairman of Landmark Group
Net Worth
$3 billion
Richest People in Dubai – Micky Jagtiani
Mukesh Wadhumal Jagtiani aka Micky Jagtiani is one of the top billionaire businessmen in Dubai. He was born in India and has an established UAE based business. He is the owner and chairman of Landmark Group, based in Dubai.
Micky Jagtiani is known for its remarkable Landmark retail stores. His business provides livelihood to more than 45000 people. There are more than 1000 stores of Landmark Group across the Middle East, Persian Gulf region and India.
Saif Al Ghurair
Name
Saif Al Ghurair
Position
Al Ghurair Group
Net Worth
$1.7 billion
Richest People in Dubai – Saif Al Ghurair
Saif Al Ghurair is the chairman and head of the largest manufacturing and real estate companies in the Emirate, The Al Ghurair Group.
He is known for his tremendous investments that always bring profitable results. He has received his prosperity and wealth by investing in Mashreq, which is known as the oldest private bank in the United Arab Emirates.
B.R Shetty
Name
B.R Shetty
Position
Chairman, NMC Health and Finablr
Net Worth
$3.15 billion
Richest People in Dubai – B.R Shetty
Bavaguthu Raghuram Shetty, one of the billionaires in Dubai is the founder, and acquirer of the United Arab Emirates companies accommodating Abu-Dhabi-based NMC Health, BRS Ventures, Neopharma, and Finablr. B.R. Shetty is an Indian-born businessman who is counted among the top businessmen in Dubai. Also, ranked as the 42nd richest person in 2020.
B.R. Shetty began his career with his interest in hospitals and hospitality. He then expanded into the financial services, advertising, pharmaceuticals, information technology, and retail business.
Richest People in Dubai – Vinod Shantilal Shah Adani
The Indian businessman and head of Adani Group of Industries, Vinod Shantilal Shah Adani is the director of Trident Trade and Investment Private Ltd, Radiant Trade and Investment Private Ltd, Adani Power Pte Ltd, Venture Trade and Investment Private Ltd, Pride Trade and Investment Private Ltd, Adani Power (Overseas) Limited, Adani Global Limited, Adani Global FZE, Adani Enterprises Ltd, and Adani Bunkering Pte. Ltd.
Vinod Shantilal Shah Adani is the elder brother of Gautam Adani. Since 2016, the Adani Group has kept lowkey from the media reports because of the major issue of the offshore entities in the Panama Papers.
The richest-ranked person in Dubai, Majid Al Futtaim is the chairman of the Majid Al Futtaim Holding (MAF), the entertainment and retail conglomerate. It originated in 1992 and soon grew into one of the largest companies in the UAE. Today, it includes more than 120 stores around North Africa, the Central Asia region, and the Middle East.
Majid Al Futtaim Holdings’ turnover is around US$8.8 billion in revenue and made a profit in 2017 of up to US$600 million. It owns the exclusive rights to manage the franchises of All Saints, Carrefour, Abercrombie & Fitch, and Lululemon Athletica.
Abdullah bin Ahmad Al Ghurair
Name
Abdullah bin Ahmad Al Ghurair
Position
Chairman, Mashreqbank
Net Worth
$4.9 billion
Richest People in Dubai – Abdullah bin Ahmad Al Ghurair
Abdullah bin Ahmad Al Ghurair is the founder of one of the leading banks in the United Arab Emirates, Mashreqbank. His wealth can be easily estimated by the standard of the bank. He acts as the chairman meanwhile his son, Abdul Aziz holds the position of CEO.
Moreover, Abdullah bin Ahmad Al Ghurair holds many eponymous companies and mammoth corporations with an interest of real estate and food construction.
Founder, Advanced Info Services and Shin Corporation
Net Worth
$1.8 billion
Richest People in Dubai –Thaksin Shinawatra
Thaksin Shinawatra is a Thai businessman who is also a well-known politician and visiting professor. He served Thai in the Department of Thai Police for 14 years (1973-1987). Then he was elected as the Prime Minister of Thailand for 5 years (2001-2006). But, with the abundance of power, in 2008 he was found guilty of corruption. That’s why now he is living in self-exile.
Thaksin Shinawatra is the founder of Advanced Info Service which is a mobile phone operator company and the Shin Corporation which is an IT and telecommunications alliance-based company. This made him on the list of the richest people in Thailand.
Abdullah Al Futtaim
Name
Abdullah Al Futtaim
Position
Al-Futtaim Group
Net Worth
$2.1 billion
Richest People in Dubai – Abdullah Al Futtaim
The Emirati billionaire who is the fellow cousin of Majid Al Futtaim and owner of the Al-Futtaim Group, Abdullah Al Futtaim is counted as one of the richest men in Dubai.
Abdullah Al Futtaim owns the nationality of Emirati with a net worth of 2.1 US billion dollars. He specialized in the field of retail and real estate, and operations in the automotive industry. Abdullah Al Futtaim is the CEO of Al-Futtaim Private Company LLC.
Lubna Khalid Ali Qasimi
Name
Lubna Khalid Ali Qasimi
Position
Leader, Emirati Party and Member of Sharjah
Net Worth
$1-5 billion
Richest People in Dubai – Lubna Khalid Ali Qasimi
The Emirati Politician and member of the ruling family of Sharjah, Lubna Khalid Ali Qasimi is one of the most powerful women in the world. Previously, she has served as the Minister of State for Tolerance, Minister of Economics and Planning of the United Arab Emirates, and Minister of State for International Cooperation. Lubna Khalid Ali Qasimi is the first woman ever to serve as a minister in the United Arab Emirates.
She has graduated from the California State University, Chico with a bachelor’s in Computer Science. She completed her Executive MBA from the American University of Sharjah.
In the listing of 2017 by Forbes, Lubna Khalid Ali Qasimi is the 36th most popular woman in the world. She won the ITP Best Personal Achievement Award in 2000. Moreover, she was honored as the Dame Commander of the Most Excellent Order of the British Empire in the year 2013.
Bernard Arnault
Name
Bernard Arnault
Position
Chairman – LVMH and Christian Dior SE
Net Worth
$192 billion
Bernard Arnault
Bernard Jean Étienne Arnault, the French Billionaire businessman, investor and art collector, is the chief executive and chairman of LVMB Moët Hennessy – Louis Vuitton SE which is the largest luxury goods company around the world.
Bernard Arnault is counted among the top billionaires in the UAE. According to Forbes, Bernard Arnault is the wealthiest man in the world. His estimated net worth is around US$192 billion.
Conclusion
Dubai is one of the most popular cities in the world and one of the major cities of the United Arab Emirates (UAE). The city has one of the highest percentages of people with top-notch wealth. Most of the billionaires of Dubai are listed as the top billionaires of the world. Dubai is the largest city in the UAE which is known as the hub of business and culture. Dubai is the home to tons of famous and rich, wealthy people in the world.
Dubai is a very busy port thronging with billionaires. Businessmen and women from different professions like information technology, real estate, retail, and healthcare are paying a visit now and then to Dubai. Here is Pavel Durov, founder of Telegram, 2025, who stood with a net worth of $15.5 billion. Wealth is derailed and sways with market changes. The durability of the structure good location and friendliness combined are the ones that made this city never parched for high network people.
FAQs
Who is the richest person in Dubai?
Dubai billionaires own some of the most luxurious properties and businesses in the world. Pavel Durov is the richest man in the UAE and the youngest self-made billionaire in the region in 2021. He was named the richest UAE resident in 2021 by Forbes magazine with a wealth of $17.2 billion.
Who is the richest woman in Dubai?
Huda Kattan is known as the richest woman in Dubai. She is an American makeup artist, beauty blogger, and entrepreneur and is also the founder of the cosmetics line Huda Beauty.
Who is Dubai’s richest kid?
Rashid Belhassa is the richest kid in Dubai.
Who are the top 10 richest people in Dubai?
Here are the top 10 richest people in Dubai:
Sunny Varkey
Micket Jagtiani
M.A Yusuff Ali
Modhammed Khalaf Al Habtoo
Saif Al Ghurair
B.R Shetty
Shamsheer Vayalil
Saket Burman
Philip Day
Divyan Turakhia
What are the best businesses in Dubai for Indians?
Some of the best businesses in Dubai for Indians are associated with:
E-Commerce
Healthcare
Construction
Beauty
Travel and Tourism
Real Estate Agency
Handyman Business
Consultancy Service
Is Dubai the richest city in the world?
Dubai is one of the richest cities in the world, however, Abu Dhabi, the capital of UAE is the richest city in the world.
The Lady luck stands with those who never give up and who work harder, stronger, and smarter during tough and challenging times. Here is a story of another ‘slumdog millionaire’ that stands as an example and inspiration to many.
This is the story of Rizwan Sajan, who paved his way from the streets of Mumbai to the glamorous world of Dubai. There were numerous setbacks and failures, but what made him as successful as he is today are his confidence, determination, and strong will to never give up. The hardships that a person undergoes compel him to push to his limits and that leads to huge success.
Let’s explore the story of Rizwan Sajan who tasted such great success through his hard work.
Rizwan Sajan’s story is one of resilience ever since he was a child. Despite growing up in such challenging circumstances in Mumbai’s Ghatkopar area, he didn’t let these obstacles define his future.
Though his father’s stroke of luck with the lottery provided a turning point for the family, allowing them to move into better living conditions, life was still full of challenges.
Rizwan understood the support his family needed and wanted to contribute. Thus began his entrepreneurial spirit. Starting with small trading ventures, he utilized the potential of his schoolmates and the local community by selling a variety of products, ranging from books to milk, rakhis, and firecrackers.
This early experience likely instilled in him valuable lessons about business, perseverance, and the importance of seizing opportunities.
Everything looked progressive until one day when he had to face the harsh reality of life. His father passed away when he was 16. So, Rizwan had to bear the burden of taking care of the financial needs of his family. He dropped out of school and started a small business manufacturing box files.
But the financial burden was still heavy to carry. He decided to take some major steps in his career to address this financial crisis.
In 1981, he approached his uncle for help and was employed by him in Kuwait as a trainee salesman. Through his hard work, he quickly rose in his career.
Once again, everything looked progressive until the next turning point. The invasion of Kuwait in 1990 forced him to leave for India. Once again, he was back in Mumbai. But, what stood as the reason behind his success was his unshakable perseverance. He decided to venture into the job market again from scratch. Eventually, he landed a job at a brokerage firm dealing in building materials in Dubai.
Rizwan Sajan – Danube Group
After all the ups and downs, through the experience gathered, he finally decided to launch his own business in 1993 and founded the Danube Group. Dubai was the obvious choice for starting the business. Everything worked out in his favour and his business expanded rapidly along with Dubai’s growth. He also diversified in many other sectors like the sanitary solutions brand Milano (2006), Danube Home for Home Furnishing (2008), and Alucopanel dealing in aluminum composite panels (2012).
He never missed an opportunity and was not afraid to take chances to achieve success. He entered the real estate sector in 2014 and this proved to be a great success in his business career.
The company has grown to be one of the greatest business conglomerates in the world with a tie-up with brands like Aston Martin, Fashion TV, and Tonino Lamborghini Casa.
Danube Group
Rizwan Sajan – The 1% Man
Rizwan realized that Dubai’s real estate market was already dominated by many real estate giants. For him to flourish in such a competitive market, he had to come up with something innovative. While analyzing the sector, he realized that the expats living in UAE had a practice of only renting apartments and not buying them because they were salaried employees. He wanted to leverage the potential of this crowd and decided to convert these tenants into house owners.
For this, he introduced the 1% plan, where the buyers had to pay a small downpayment and only one percent of the cost per month while the remaining payment could be done after the completion of the project.
This brilliant innovative idea worked out and made owning a house affordable for many people. This plan shifted the mindset of the expats and made them believe that they could own a house. Many came forward to buy houses and this is considered as the major step in the success of the company.
This was such a huge success that in 2019, Rizwan was among the first foreigners who received the U.A.E.’s new 10-year residence visa in recognition of his group of companies’ contributions to the country’s economy.
This kind of innovative thinking and smart moves always made Riwan successful in all his endeavors despite the challenges he faced.
Rizwan Sajan – Personal Life
Rizwan is married to Sameera and the couple has one son named Adel Sajan.
Rizwan Sajan – Philanthropy
Rizwan’s tough childhood and his struggles have made him realize the importance of giving back to society and thus he is involved in great philanthropic activities like:
Rizwan donated AED 5 million towards the UAE government’s ‘1 Billion Meals Endowment Initiative’ in 2023.
In 2012, the Danube group started its welfare center called the Danube Welfare Centre (DWC) to address the difficulties faced by the blue-collared individuals in the UAE. This initiative provides the laborers training in English language and computer skills.
The company serves Iftaar to many thousands of laborers every year during the month of Ramadan.
Rizwan Sajan – Awards and Recognitions
Rizwan Sajan is awarded with the following accolades:
Forbes Middle East ranked him 12th among the ‘Top 100 Indian leaders in the UAE’ List.
He was also awarded the Mohammed Bin Rashid Al Maktoum Business Excellence Award.
He was named The Economic Times Global Indian Leader in 2022.
Rizwan Sajan – Quotes
💡
Life can throw you off gear but it’s your will and determination that keeps your head above water.
FAQs
Who is Rizwan Sajan?
Rizwan Sajan, born on December 27, 1963, in Mumbai, India, is a prominent Non-Resident Indian entrepreneur based in the UAE. He is the founder and chairman of Danube Group, a leading conglomerate in the region.
Why Rizwan Sajan is called a 1% Man?
Rizwan Sajan is called a 1% Man because he introduces the 1% payment plan that presents an opportunity to acquire property in Dubai through monthly payments of just 1% of the total price. This innovative scheme offers a pathway to property ownership with minimal initial investment, a customizable payment schedule, and without incurring interest charges.
Dubai (UAE), October 30: NB & Associates Investments Co., Ltd. (NB&A), a dynamic and rapidly expanding private equity and investment banking firm, is thrilled to announce a significant milestone in its global expansion strategy.
The company has been awarded a coveted investment license by the prestigious Abu Dhabi Global Market (ADGM). This newly granted Operating Holding Company license opens doors to a world of investment opportunities, allowing NB&A to establish, manage, and co-invest in Special Purpose Vehicles (SPVs) designed to harness the incredible incentives and offerings provided by the ADGM. These resources are readily available to local, regional, and international investors.
This momentous occasion marks another step forward in NB&A’s mission to provide its investors with a globally recognized and dependable platform for investment and business activities.
Mr. Niraj Bijlani, the esteemed Managing Partner of NB&A, expressed his gratitude, stating, “Another milestone has been achieved in our expansion strategy to offer our investors a globally recognized and trustworthy location for investing and doing business. I would thus like to take this opportunity to thank ADGM’s team for the speed in granting us this exceptional license and looking forward to further leverage on the United Arab Emirates’ investors friendly eco-system and its well-positioned infrastructures to capture the phenomenal growth of private equity investing across the East to West corridor.”
NB&A looks forward to exploring new horizons and creating value for investors on a global scale, leveraging the resources and opportunities provided by the ADGM.
ADGM, a renowned financial center, is celebrated for its investor-friendly environment and cutting-edge infrastructure, making it the ideal hub for NB&A to thrive and contribute to the burgeoning private equity sector.
About NB & Associates (NBA)
NB & Associates (NBA) is a leading international business consultancy firm known for providing expert guidance and comprehensive solutions to businesses worldwide. With a strong presence in the UAE and a global network of partners, NBA offers a wide range of services, including business setup, company formation, funds management investment banking advisory, and legal compliance. NBA is committed to facilitating business growth and helping clients achieve their entrepreneurial dreams.
About ADGM
ADGM is a preeminent international financial center strategically located in the United Arab Emirates. With its robust regulatory framework and pro-business environment, ADGM serves as a vital link between the Middle East, Africa, South Asia, and the world. It specializes in private banking, wealth management, asset management, and financial innovation. Its commitment to excellence and efficiency has made it a preferred destination for a diverse range of financial institutions, businesses, and investors worldwide.
About Mr. Niraj Bijlani
Mr. Niraj Bijlani is the visionary Managing Partner of NB & Associates Investments Co. L.L.C. Worked in UAE for the past 7 years, with 28 years of effective experience providing fiscal, strategic, and operational leadership along with highly engineered systems, which require a deep understanding of critical business drivers in multiple markets and industries. He has played a pivotal role in steering NB&A towards success. His leadership and strategic insights have been instrumental in the firm’s remarkable growth and achievements.
Dubai is the wealthiest of seven emirates that form the United Arab Emirates. It is the land of the rich, luxurious restaurants, ports, and beaches. By these beaches, skyscrapers stand tall where businesses are conducted. Huge affluence creates a big market for startups to spread their wings. From deluxe shopping apps to brilliant waste management systems, startups have been taking this city to new heights.
Below are the top 20 emerging startups in Dubai that have acquired a significant space in the Dubai startup environment in a few years:
The Luxury Closet brings you all luxurious brands at your fingertips. It includes brands like Burberry, Louis Vuitton, Celine, Tiffany & co., and Cartier. It is one of the top startups in Dubai that offers a one-stop-shop for all things fancy for both men and women. The company also offers home décor and kitchen essentials from high-end brands.
2. Souqalmal
Founder: Ambareen Musa
Founding year: 2012
Souqalmal Homepage
Souqalmal is a comparison website startup in Dubai that lets you compare insurance and financial products before you make the final decision. It aims to help customers save money by choosing wisely and not giving in to the first deal they see. They provide car insurance, banking, and financial solutions that lead to saving money.
3. Seez
Founder: Andrew Kabrit
Founding year: 2015
Seez Homepage
Seez is an auto marketplace startup in Dubai. Users can choose from a wide variety of used or new cars. It allows users to buy or lease cars by comparing prices. The Car Valuation feature provides the latest market prices, options for negotiation, and depreciation of any car.
4. Bekia
Founder: Alaa Kamal, Mohamed Zohdy
Founding year: 2017
Bekia Homepage
Bekia is a brilliant Egpyt-based waste management startup. It lets users exchange waste materials such as plastics, paper, electronics or even cooking oil with points. These points can be used to buy groceries, metro tickets, mobile credits, or school supplies. This concept promotes people to voluntarily dispose of waste sustainably. Bekia is counted among the top startups in Dubai.
5. Arabia Starzplay
Founder: Maaz Sheikh
Founding year: 2015
Starzplay Homepage
Starzplay is just like Netflix but for Dubai. It streams movies and shows in Arabic as well as other languages. Animes and Hollywood movies are also available.
6. Noon
Founder: Mohamed Alabbar
Founding year: 2016
Noon Homepage
Noon is another online shopping platform that delivers in UAE, Egypt, and KSA. It is a generic e-commerce site that delivers all kinds of products from clothes to electronics to skincare. Even groceries are available on this platform with affordable deals.
7. Avidbeam
Founder: Dr Hani El Gebaly
Founding year: 2014
AvidBeam Homepage
Avidbeam is a Dubai based startup that offers advanced solutions for Smart Spaces, Smart buildings, and cities. Their main aim is to build an affordable video analytics platform that enhances business performance. They offer Artificial Intelligence and Computer Vision to scale the growth of businesses. They also address public security and safety among other services.
8. Ziwo
Founder: Eric Ouisse, Renaud de Gonfreville
Founding year: 2010
Ziwo bridges the gap between customers and clients by providing call centre services. They connect customers with companies and solve their problems in real-time. Customers can clear all their doubts via a hotline that links them to company executives and solve all their queries right on the call.
9. Almentor
Founder: Husni Khuffash, Ibrahim Kamel, Hesham Heikal, Abdelrahman Fahmy
Founding year: 2016
Almentor provides courses that are required presently in the market. These courses include Stress Management, English Pronunciation, Radio Presenting and HR Analysis. They have mentors and teachers that help users develop in-demand skills for jobs and personal growth. These self-development courses make users ready to face the challenges of today’s world.
10. Unifonic
Founder: Hassan Hamdan, Ahmed Hamdan
Founding year: 2006
AvidBeam Homepage
Unifonic is one of the top startups in Dubai that offers SMS, voice, and messaging apps to enhance customers’ experience. They work on converting text to speech, send notifications with text to speech, and chatbox. Their SMS services can be used for Automatic Notification, Authentication and Marketing.
11. Beehive
Founder: Craig Moore
Founding year: 2017
Beehive Homepage
Beehive connects businesses to lenders who are willing to lend against their invoices. They are leading fintech pioneers who use innovative technology that leads to affordable finance. They work through a sophisticated process where approved businesses are listed in the marketplace and investors fund them on the platform.
12. Renty
Founder: Yevhen Parokhod
Founding year: 2018
Renty Homepage
Renty is a basic car renting platform that rents luxurious cars too. They also provide Chauffeur services that appeal to the top rich businessmen. Some of their rentals include high-end names such as Bentley Continental GT, Lamborghini Evo- SPYDER, Porsche Taycan Turbo, and Rolls Royce Wraith.
Sprii is an online marketplace for all kinds of pregnancy and baby products. They aim to connect expectant mothers to their favourite global brands. Sprii has clothes for moms and kids, baby essentials, and kits for prenatal yoga. During the Covid-19 Sprii was shut down.
14. YallaParking
Founder: Craig MacDonald
Founding year: 2016
YallaParking Website
Anybody who lives in a big city knows that parking can be a huge hassle. That’s why YallaParking provides a platform where you can look for a parking spot, book it and park your car. This realizes the true spirit of startups which is simplifying day-to-day tasks through advanced technology.
15. Nabbesh
Founder: Rima El Sheikh, Loulou Khazen
Founding year: 2012
Nabbesh provides job opportunities through its online platform. It connects job seekers with employers, who can hire them. They employ many fields such as tech, finance, education, and other art fields where talented people can get a job and earn for themselves.
16. Matic Services
Founder: Mohamed Semad
Founding year: 2015
Matic Homepage
Matic Services is making household chores easy for everyone. They bring together several house helpers who can work at the customer’s convenience to keep your home clean. These are trained and certified cleaners whom people can trust. Users can also choose their preferred cleaner by pre-booking as per their schedule.
17. Pi Slice
Founder: Genny Ghanimeh
Founding year: 2012
Pi Slice Homepage
Pi Slice is a Dubai based startup with a great initiative to provide small funds to those who need it. Everybody does not require big investments and many businesses are small scales. Pi Slice connects these small businesses with people in the Middle East and North America who want to invest in them. This works well both ways as the young businesses get their money and investors get opportunities.
Jamalon is the Middle East’s largest online bookstore that offers a variety of books in one place. They have books in Arabic as well as the English language. These books include architecture, graphic novels, and comics, computers, self-help, and design.
19. Careem
Founders: Mudassir Sheikha, Abdulla Elyas, Wael Nafee, Magnus Olsson
Founding year: 2016
Careem Homepage
Careem allows users to enjoy multiple services in one place. They provide a taxi service and you can book a car for your personal use too. It offers food delivery services and prides on hassle-free payments that can be made through Careem payment mode. It has spread its wings in more than 100 cities in 13 countries from Morocco to Pakistan.
20. The List
Founder: Andreas Skorski
Founding year: 2016
The List Homepage
The list is another luxuries marketplace that signifies the posh lifestyle of people in Dubai. It provides fancy brands like Burberry, Gucci, Valentino and Chanel. It is your basic online clothes and accessories shopping platform but the twist is it’s not basic at all. With its collection of top-class brands, it is one of the leading startups in Dubai and a heaven for the rich to splurge.
Conclusion
These startups symbolize the lifestyle in Dubai. People are open to advanced tech making changes in traditional practices. These startups in Dubai are doing great for themselves while contributing to the boosting economy. As young businesses are the backbone of an economy, Dubai is bound to flourish.
FAQ
Is Dubai good for startups?
UAE is ranked 11th in ease of doing business and 25th in starting a business on World Bank’s 2019 ease of doing business report.
What are some of the top startups in Dubai?
The Luxury Closet, Souqalmal, and Seez are some of the top Startups in Dubai.
Is Dubai a good place for entrepreneurs?
Dubai is ranked among the world’s best cities for entrepreneurs moving abroad to start a business, more specifically in import/export sector.
A new cryptocurrency named DubaiCoin had been in the market limelight after Dogecoin and Shiba Inu Coins. The digital coin saw a surge of more than 1,000 % in the time span of 24 hours. Let’s look at the further information about this new digital coin.
The new digital coin named DubaiCoin had seen a surge of over 1,000 % in a time span of 24 hours. This was because numerous media had reported the digital coin to be the official digital coin of Dubai. The value had shot up after a press release claiming it to be the official cryptocurrency of the country.
The digital coin was made by the cryptocurrency startup Arabianchain technology and had claimed that it was the official cryptocurrency of the West Asian city. This led to the major rally in the increase of the price of the coin.
Dubai Government’s response to DubaiCoin
The Dubai Government had responded conveying that it was not an official digital coin or cryptocurrency of the country and warned the investors claiming it to be a phishing scam. The government had denied it to be the official cryptocurrency and also added that the cryptocurrency was not approved by any official authority.
The government also warned that the website that was promoting the campaign was a phishing site which is designed to steal the information of the users accessing the website. The surge of the coin had brought it to the notice of the Dubai Electronic Security Centre after which it issued the statement.
The cryptocurrency which was trading at USD 0.17 had seen a surge to USD 1.13 as of 27 May 2021.
The Arabianchain Technology that founded the DubaiCoin claims that it provides the first public, decentralized and blockchain driven on an agreement in the MENA region. The company has denied making any claims such as the digital coin being the official cryptocurrency of Dubai and also added that the website was fake.
The company has conveyed that they haven’t made any claims and mentioned the website URL and said that it was fake and a scam. They also added that the press release was published on the Dub-pay site.
How to Invest in DubaiCoin from India
Since there was a surge of 1000 % in the value of DubaiCoin it is obvious that everyone would want to invest into it. However it should be noted that the cryptocurrency hasn’t officially been made the digital coin of Dubai and the Dubai government has also rejected the claim.
However, the digital coin is not available on any cryptocurrency exchange platforms but DubaiCoin is available for exchange at HitBTC and Cryptopia. If you are interested in the digital coin then you will be able to get it by exchanging your Bitcoin or Binance coin at exchanges where there is availability of DubaiCoin.
The press release mentioned that DubaiCoin will soon be used for the purchase of goods and services both online and offline and the cryptocurrency is expected to replace the traditional fiat currency of the country.
FAQ
Can you invest in DubaiCoin in India?
As of now DubaiCoin is unavailable on any major exchange but traders can exchange bitcoin or Binance coin with DubaiCoin at exchanges where DubaiCoin is available.
Is Bitcoin allowed in Dubai?
Yes trading in bitcoin is allowed in Dubai.
Is Dubai coin fake?
According to Dubai Media Office, DubaiCoin cryptocurrency was never approved by any official authority. The website promoting the coin is an elaborate phishing campaign that is designed to steal personal information from its visitors.
UAE can be considered as one of the best places to set up a new business or to expand your existing business internationally. The country’s economy is the fourth largest in the middle east and has a GDP of USD 421 billion. There are few steps you would have to follow in order to set up a business in UAE.
1. Select the Right Jurisdiction for your Business in UAE
The most important step of any business is to select the business activity and that should be your first step. But for setting up a business in the UAE you should have a basic idea of the different jurisdictions first and accordingly move forward with the rest of the steps.
The UAE market is divided into different economic zones. The different zones in the UAE are Mainland, Free zone and Offshore. These economic zones are jurisdictions and each jurisdiction has a different set of rules and regulations.
Mainland
A business that is set up in the Mainland of UAE will be able to do business anywhere in the UAE market. This means that the company will be able to do business in both inside and outside the UAE market. It is mandatory to have a physical office space with a minimum requirement of 140 sq. ft.
Free Zone
A business that is set up in the Free zone of UAE has certain restrictions in doing the business. They will only be able to conduct the business in the jurisdiction of the Free zone and outside the UAE. It is not mandatory to have a physical office space and a virtual office space would do.
Offshore
Offshore companies are business entities that will be registered in the UAE in order to conduct the business outside the country or outside the jurisdiction. The offshore companies are allowed to set up multi-currency accounts in UAE and to carry out the business internationally. An important point you should notice is Offshore companies are tax free in UAE.
2. Choose the Type of Business you want to Setup in UAE
The first step would be to choose the type of business activity you would want to set up in the UAE. For example, certain Free zones would allow only a specific type of activity in their area and it is wise to set up a business in the zone where it is closely related to your activity.
If your business is concentrated on import and export it would be better if the business is set up near the port or an airport. However, choosing the business activity will be the major step in setting up your company in the UAE.
3. Select a Name for your Business in UAE
The next step would be to choose the name of the company for your business activity. In UAE there are certain restrictions in regards to the name of the company. You will not be able to use any religious names that are referred to Allah, Him or anything related to the religion.
You will also be restricted from using the names of various political groups such as the FBI or Mafia and if you choose to register the business under a person’s name then he or she should be registered as a partner for the business.
4. Paperwork for your Business in UAE
You will have to finish the paperwork after selecting the activity and the name of your business. You will have to fill an application with the activity and the name you have chosen for your company. You will also have to submit a copy of the passports of shareholders to the government authorities.
It is to be noted that certain Free zones will require additional papers and documents such as a business plan or a NOC (Non-objection certificate) which is a letter from the current sponsor that they don’t have any issues to set up another business in UAE.
If you seek an expert help then it wouldn’t be so complicated as they would take care of the major challenges and advise you on the paperwork and help you in completing it.
5. Obtain a License for your Business in UAE
The easiest and the most important step is receiving your license. After all the steps you will receive a license from the government after checking all the applications and the documents submitted.
You will also have to apply and receive a trade license which is also called as the business license. There are different types of business licenses in the UAE such as Professional License, Industrial License, Tourism License and Commercial License.
These licenses are important for UAE Mainland companies but for Free zone company it would defer according to the business activity and the jurisdiction.
The next important step is to open a bank account in UAE. The country has a lot of banks both local and international ones. Some of the local bank accounts in the country are Emirates NBD, Abu Dhabi Commercial Bank and many more. The major global names are Citi Bank, HSBC and Barclays.
You can choose any bank and approach them or the business set up partner you have approached will try arranging a meeting with the bank of your choice and this may help you understand the policies of the bank and then make a decision.
7. Submit an Application for your Visa in UAE
This is the final step of setting up your business in the UAE. You will have to submit the application for processing your visa, according to the economic zone you select it will let you process the visa for your dependents and employees as well.
The Visa processing will consist of 5 simple stages such as Entry Permit, Status Adjustment, Medical Test, Emirates ID registration and Visa Stamping.
FAQ
Which is the best business in UAE?
E-Commerce Solutions, Travel and Tourism, Real Estate Agency, and Health Sector are some of the best business you should consider in UAE.
Is UAE good for business?
Low tax rates, low import duties, free trade agreements, a competitive economy, strategic location, state of the art infrastructure, are some of the benefits that make United Arab Emirates (UAE) one of the best places in the world for business.
Which business is best in Dubai?
Restaurant, Construction, Health and wellbeing, Transport, Freight and cargo, Real estate, and Cleaning services are some of the best business you can start in Dubai.
Conclusion
The UAE Free zone is more common in between the foreign entrepreneurs than the Mainland and offshore economic zone. The company formation in UAE is easier and they have a speedy process with strong incentives which makes it one of the favourite location for the foreign entrepreneurs.
Bavaguthu Raghuram Shetty is an Indian-born businessman who is the founder and an acquirer of a number of companies based in the United Arab Emirates, which includes Abu Dhabi-based NMC Health, Neopharma, BRS Ventures, and Finablr. Shetty’s initial interest was in hospitals and hospitality. And has since diversified into pharmaceuticals, financial services, retail, advertising and information technology. In 2015, he was included on the Forbes list of India’s 100 Richest People.
B.R. Shetty was born on 1 August 1942 to an ethnic Tuluva family. He was born in Kapu, Udupi to Tulu-speaking parents. He has 4 children after marrying to Chandrakumari Shetty.
B.R. Shetty – Family
He was born to Shambhu Shetty and Koosamma Shetty. He is married to Chandrakumari Shetty who is also a doctor. She is also the Group Medical director of NMC Health. He is father to one son and 3 daughters- Binay Shetty, Seema Shetty, Reema Shetty, and Neema Shetty.
B.R. Shetty- Career
In 1973, he immigrated to the UAE. He founded New Medical Centre Health (NMC) in 1974 to fill the need for personalized, cost-effective healthcare accessible to all after working as the country’s first medical representative. His wife was the only doctor in the clinic at that time. NMC is the largest private healthcare provider in the UAE. NMC has over 4 million patients annually across 45 facilities spread over 12 cities and 8 countries, including UAE, KSA, Oman, Spain, Italy, Denmark, Colombia and Brazil.
It is the first healthcare company from the Gulf Cooperation Countries (GCC) and also the first company from Abu Dhabi to be listed on the premium segment of the London Stock Exchange and was part of the coveted FTSE 100 Index. The company was de-listed from London Stock Exchange and was removed from FTSE 100 index, consequent to the request from the NMC board of directors and an on-going investigation of potential financial irregularities.
B.R. Shetty took over the UAE Exchange from its founder Daniel Varghese in 1980 with the help of an Emirati and a former UAE minister of Justice, Abdulla Humaid Al Mazroei. Founded by Daniel Varghese UAE exchange was an attempt to ease the process of sending money by the expats to their families in their respective home countries. It had expanded into over 31 countries and had approximately 800 direct offices by 2016. It did over US$50 billion collectively in money remittance and exchange volumes in 2014 . In 2014 Shetty acquired Travelex, a major foreign exchange company. Travelex has a global footprint including 1500 stores and 1300 ATMs across 27 countries.
NMC located in Dubai
B.R. Shetty – Neopharma
Shetty founded NMC Neopharma, a UAE based pharmaceutical manufacturer in 2003. Neopharma was inaugurated by the former President of India, A. P. J. Abdul Kalam in Abu Dhabi. It uses the concept of modular manufacturing following global benchmarks in manufacturing technology and putting in place efficient control mechanisms. Neopharma has a research and development wing. It works to provide quality medicines at affordable prices. The company contracts manufacturing for international pharmaceutical companies and also generic brands for companies including, but not limited to, Merck, Pfizer, AstraZeneca, and Boots UK.
Shetty led NMC through an IPO on the London Stock Exchange, which raised $330 million in 2012. The funds were used in building a specialty hospital in Khalifa City, Abu Dhabi.
Shetty announced that he was building the first medical university in Abu Dhabi in honor of Sheikh Zayed in June 2016. He was elected to be chairman of the Indian Business/Professional Group that same month. Shetty announced that he was building a 400-bed super-specialty hospital in Udupi in Karnataka through B R S Ventures in August 2016. He owns a hospital in Alexandria, two hospitals in Nepal, and acquired a hospital in Cairo as part of his personal portfolio under the same company.
BRS Ventures also announced plans to invest $5 billion in developing healthcare facilities across India in August 2019.
B.R. Shetty – Controversies
Bloomberg News report casted doubts on his real holding amidst the short-selling of NMC Health by Muddy Waters Research in February 2020. Shetty was also ousted from the NMC Health board following a corporate governance scandal over his holdings in the company in February 2020.
NMC went into Administration in UK due to insolvency of the company on April 8, 2020. The Central Bank of UAE ordered seizure of all assets of Shetty and his family in the UAE on April 27, 2020.
There were allegations of misappropriation by Shetty at his companies and was forced to resign from his director positions. NMC Health went into Administration in UK due to the insolvency of the company on April 8, 2020.
It is believed that his net worth has fallen to a fraction of the earlier estimate of $3.15 billion due to sharp drops in share prices and shares pledged by Shetty to pay for debts incurred. Consequently Forbes dropped Shetty from its 2020 annual list of billionaires.
Abu Dhabi Commercial Bank filed a criminal complaint against NMC Health with the Attorney General’s Office of UAE on 15 April 2020. Indian agencies have initiated probe to identify potential risks to Indian banks, if any. The Central Bank of UAE ordered the freezing of his accounts and the blacklisting of his firms on 27 April 2020.
It was discovered his entire setup was a fraud and he was hiding in borrowings which were discovered to be in excess of 6.8 billion USD in 2019- Subsequently, he has absconded to India.
Abu Dhabi Awards- the highest civilian distinction in the Emirate
2005
Pravasi Bharatiya Samman
2007
Padma Shri
2009
Asian Achievers Awards
2011
International Achievers Summit’s Lifetime Achievement Award
2013
Frost & Sullivan Lifetime Achievement Award
2013
Top Indian Leaders in the UAE Award- Forbes Middle East
2014
Centenary Award
2015
Deal of the Year Award
2015
6th Middle East Business Leaders Awards
2015
Golden Peacock Lifetime Achievement Award for Business Leadership
2016
Business Excellence Award from the Indian Business & Professional Council
2016
Honorary Doctorate award by Middlesex University in Dubai
2016
Annual Health Awards
2017
Nadaprabhu Kempegowda International Award
2017
C3 Lifetime Achievement Award
2018
Shetty was awarded the highest civilian distinction in the Emirate, the Abu Dhabi Awards in 2005. It was given by H. H. Sheikh Mohammed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi. U.S. India Friendship Society presented Shetty the Distinguished Entrepreneur Award in 2005.
In 2007, Shetty was honored by the Pravasi Bharatiya Samman.
In 2009, Shetty received the Padma Shri awarded by the President of India for his contribution in the field of trade and industry.
He received the Asian Achievers Award from the Human Achievers Foundation in July 2011.
Pharma Leaders founded by Satya Brahma declared Shetty as Global Indian of the Year along with Kiran Mazumdar Shaw at 5th Annual Pharmaceutical Leadership Summit & Pharma Leaders Business Leadership Awards in September 2012 in Mumbai.
Shetty was recognized as one of Asia’s most promising leaders at the Asian Brand & Leadership Summit in 2013. He was awarded the International Achievers Summit’s Lifetime Achievement Award in March 2013. Shetty received the Asian Business Leadership Forum India-UAE Business Icons Award that same year. He also received the Frost & Sullivan Lifetime Achievement Award in 2013.
Forbes Middle East recognized Shetty with the Top Indian Leaders in the UAE Award in 2014. In the same year he also received the Lakshya Business Visionary Award. Shetty was recognized with the International Achievement Award at the Indian Innovator Awards that same year.
The Indian Club – Bahrain recognized Shetty with a Centenary Award in February 2015. He received the Deal of the Year Award at the Indian CEO Awards in 2015. Shetty received the Business Personality of the Year award from Crowe Horwath International in June 2015. Shetty received the Arabian Indian Czars award that same month.
In 2015, Shetty received the Global Indian Achiever Award from H. H. Sheikh Nahyan Bin Mubarak al Nahyan. Also, H. H. Prince Faisal Bin Saud Bin Musaed Bin Abdulaziz presented Shetty with the National Cultural Award in 2015. In 2015, Shetty’s company, NMC Healthcare, received the Frost & Sullivan Middle East Integrated Healthcare Company of the Year Award. MILAAP honored Shetty with a Lifetime Achievement Award that same year.
B.R. Shetty was recognized as the Healthcare Business Leader of the Year at the 2015 Gulf Business Industry Awards. He was felicitated by More Ignatius Jacobite Syrian Orthodox Cathedral in Dubai in November 2015. In 2015, Shetty’s NMC Healthcare was recognized at the 6th Middle East Business Leaders Awards where Shetty was given the Industry Excellence in Healthcare Award.
Shetty received the Golden Peacock Lifetime Achievement Award for Business Leadership in 2016. Shetty won the Business Excellence Award from the Indian Business & Professional Council in 2016. In 2016, Middlesex University in Dubai awarded Shetty an Honorary Doctorate.
Shetty was honored at the Annual Health Awards with a special award for his contribution to the region’s healthcare industry in January 2017. The next month, Shetty received the Nadaprabhu Kempegowda International Award at the Kempegowda International Festival.
Shetty was recognized by Forbes Middle East among the top Indian leaders in the Arab world in May 2018. Shetty received the C3 Lifetime Achievement Award in September 2018.
Frequently Asked Questions – FAQs
Who is B. R. Shetty?
Bavaguthu Raghuram Shetty is an Indian-born businessman who is the founder and an acquirer of a number of companies based in the United Arab Emirates, which includes Abu Dhabi-based NMC Health, Neopharma, BRS Ventures, and Finablr.
Who is the Neopharma owner?
B. R. Shetty is the owner of Neopharma.
What is the full form of NMC Hospital?
NMC Health stands for New Medical Centre in Abu Dhabi.
