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Indian billionaire behind SRK-named Dubai tower dismisses layoff fears amid West Asia tensions.

Published On Thu, 02 Apr 2026
Rahul Verma
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As conflicts simmer in West Asia, Rizwan Sajan, the Indian billionaire founder of Danube Properties, has moved quickly to calm fears of job losses at his company. The real estate magnate, known for unveiling a stunning 55-storey tower in Dubai named after Bollywood icon Shah Rukh Khan (SRK), assured his over 6,000 employees via social media that no cuts are planned and salaries remain on track.

Sajan hailed his team as the "true builders" of Danube's success, vowing to stand by them through thick and thin. "Your loyalty built this company brick by brick, and we won't let tough times shake that foundation," he wrote, striking a chord with staff and observers alike. This comes amid broader disruptions, including the cancellation of SRK's King shoot in Dubai, now relocated to Mumbai sets due to safety concerns.

The Shahrukhz by Danube tower on Sheikh Zayed Road made waves late last year when SRK personally launched it at a star-studded event for 6,500 guests. The 1-million-sq-ft project, packed with offices, a giant SRK statue, and top-tier amenities, sold out on launch day for over Rs 5,000 crore—proving star power sells even in premium real estate.

Sajan, a Mumbai-born entrepreneur who rose from modest beginnings in the UAE, shared a light moment with SRK, who quipped about missing out on buying an office there himself. Set for completion in 2029, the tower highlights Dubai's pull for Indian business leaders navigating global headwinds.

Sajan's firm stance offers a lesson for companies in the Gulf's volatile market: clear talk and loyalty pay dividends. With Indian firms like those of the Adani and Ambani groups thriving regionally despite challenges, his approach could inspire others as West Asia's tensions test economic resilience.

Disclaimer: This image is taken from Hindustan Times.