Dubai, often regarded as the epitome of luxury and opportunity, has emerged as a second home for several Indian billionaires who have shaped the global business landscape. With its tax-free environment, strategic location, and robust infrastructure, the city has attracted visionary entrepreneurs from India who have excelled across diverse industries, including retail, healthcare, real estate, and education. These pioneers have not only built immense wealth but also created impactful legacies that resonate globally.
Here’s a closer look at the top 10 richest Indians in Dubai, their inspiring journeys, and the industries they’ve revolutionized.
1. Micky Jagtiani: The Retail Tycoon
Founder of Landmark Group, Micky Jagtiani epitomizes the rise-from-nothing success story. Once a cab driver in London, Jagtiani moved to Dubai and established Landmark Group in 1973. Today, it’s a retail empire with over 2,300 outlets across 22 countries. His brands, including Splash, Max, and Lifestyle, dominate the Middle Eastern retail space. Valued at over $5 billion, his ventures cater to diverse demographics, blending affordability with quality.
Jagtiani’s philanthropic initiatives, such as Landmark’s “Beat Diabetes” campaign, underscore his commitment to giving back to society.
Visit Landmark Group .
2. Yusuff Ali M.A.: The Retail King
As the Chairman of Lulu Group International, Yusuff Ali’s name is synonymous with hypermarket retail in the UAE. Lulu operates over 200 stores globally, catering to a multi-ethnic clientele. His foresight and dedication have transformed Lulu into a retail powerhouse, generating annual revenues exceeding $8 billion.
Apart from retail, Yusuff Ali has significant stakes in sectors like real estate and hospitality, including iconic properties like the Great Scotland Yard Hotel in London. His philanthropic ventures extend to disaster relief and educational scholarships.
Visit Lulu Group International .
3. Rizwan Sajan: Building Affordable Dreams
Rizwan Sajan, the visionary behind Danube Group, has redefined the real estate sector in the UAE. Starting as a supplier of building materials, Sajan ventured into affordable housing, offering middle-income families a chance to own homes in Dubai’s competitive market.
His “pay as you live” schemes have democratized homeownership, making Danube a trusted name in real estate. With a net worth estimated at $1.5 billion, Sajan’s contributions extend beyond business, as he supports multiple social causes.
Visit Danube Group .
4. Sunny Varkey: Transforming Global Education
Sunny Varkey, founder of GEMS Education, revolutionized schooling with his visionary approach to accessible and high-quality education. Operating over 60 schools in the UAE and more than 100 worldwide, GEMS focuses on nurturing academic excellence and holistic development.
With a net worth exceeding $2 billion, Varkey’s contributions to education have earned him global recognition, including UNESCO goodwill ambassadorships.
Visit GEMS Education.
5. Dr. B.R. Shetty: A Healthcare Pioneer
Dr. Shetty’s legacy as the founder of NMC Health and Finablr showcases his entrepreneurial acumen. His ventures have served millions through healthcare and financial services. While challenges in recent years have impacted his business, Dr. Shetty’s role in transforming healthcare in the Middle East remains unparalleled.
His philanthropic activities, such as free medical camps and donations, continue to uplift underprivileged communities.
Visit NMC Health .
6. Ravi Pillai: The Builder King
Ravi Pillai, often referred to as the “Builder King,” heads the RP Group, which specializes in large-scale infrastructure projects across the Gulf. Starting with a small construction company in Kerala, Pillai expanded his operations to become one of the most sought-after contractors in the region.
Valued at $4 billion, his contributions to the construction industry have been instrumental in shaping the Gulf’s modern infrastructure.
Visit RP Group .
7. Shamsheer Vayalil: Innovator in Healthcare
As the founder of VPS Healthcare, Shamsheer Vayalil has redefined healthcare delivery in the UAE. His state-of-the-art hospitals and clinics focus on patient-centric care, leveraging advanced technology.
With a net worth of over $2 billion, Vayalil’s entrepreneurial journey is a beacon of hope for aspiring healthcare professionals. He also actively contributes to social initiatives, including disaster relief and medical outreach programs.
Visit VPS Healthcare .
8. Joy Alukkas: The Jewel of Tradition
Joy Alukkas, founder of the Joyalukkas Group, is a household name in the jewelry industry. His brand, spanning 11 countries, celebrates Indian craftsmanship with a modern touch.
With a net worth of $1.5 billion, Alukkas exemplifies how cultural heritage can be transformed into a global brand. His flagship stores in Dubai are landmarks for jewelry enthusiasts.
Explore Joyalukkas collections.
9. Azad Moopen: Healthcare for All
Dr. Azad Moopen, the brain behind Aster DM Healthcare, has dedicated his life to making healthcare accessible and affordable. With over 380 establishments, including hospitals, pharmacies, and clinics, Aster serves millions across the Middle East and India.
Dr. Moopen’s initiatives focus on preventive care, medical education, and community health, earning him accolades such as the Padma Shri from the Indian government.
10. Kamal Vachani: Trade and FMCG Giant
Kamal Vachani, Group Director of Al Maya Group, is a significant player in FMCG and retail. Under his leadership, Al Maya has expanded its footprint across the GCC, offering a diverse range of products.
His contributions to the retail and distribution sectors have positioned him among Dubai’s most influential business leaders.
Visit Al Maya Group.
Dubai: A Gateway to Global Success
What makes Dubai a magnet for these entrepreneurs? The city offers a unique combination of zero income tax, strategic connectivity, and an investor-friendly environment. For Indians, Dubai serves as a cultural bridge between the East and the West, providing access to global markets while maintaining proximity to India.
These business tycoons have leveraged Dubai’s dynamic ecosystem to create thriving enterprises that impact millions. Their stories of perseverance, innovation, and philanthropy inspire a new generation of entrepreneurs to dream big and work tirelessly.
The Legacy of Indian Entrepreneurs in Dubai
The top 10 richest Indians in Dubai are more than just successful businessmen; they are visionaries who have transformed industries and contributed to the UAE’s economic and social fabric. Through their philanthropic efforts, they continue to uplift communities, proving that true success lies in giving back.
You can also read about World’s Richest Arabs .
