Dubai Duty Free officials announce the latest winners from the draws.
Dubai Duty Free officials announce the latest winners from the draws.
Dubai Duty Free officials announce the latest winners from the draws.
Dubai Duty Free officials announce the latest winners from the draws.

Three-time lucky lottery winner lands $1m in Dubai Duty Free draw


Kelly Clarke
  • English
  • Arabic

A Dubai resident has scooped $1 million for the second time in three years after entering the Dubai Duty Free Millennium Millionaire draw.

Sree Sreedharan, 55, won his first million in 2019 and couldn’t believe his luck on Wednesday when he received a call saying he had bagged the cash prize for a second time.

The retired engineer, who now trades foreign exchange online, bought ticket number 1938 online last month.

Mr Sreedharan is the eighth person to win the prize twice since it was launched in 1999.

I bought three tickets for this draw which cost Dh3,150 in total, so I would say it was a great return on investment
Sree Sreedharan,
two-time millionaire

“I bought three tickets for this draw, which cost Dh3,150 in total, so I would say it was a great return on investment,” Mr Sreedharan said.

“I was in a meeting when the call came through and of course I was very happy, but I didn't share the news with colleagues.

“I’m a very humble, very simple man. I will use the money to invest in more online trading.”

The father of one, who has lived in the UAE for 30 years, is no stranger to good luck. He also won a Range Rover HSE in the Dubai Duty Free Finest Surprise series in 2020.

Dubai Duty Free rehires workers - in pictures

Asked if he counts himself as a lucky man, he said: “Maybe people say lucky but I invest a lot.

“I have been buying tickets for the [millionaire] draw for years. Sometimes I even buy 10 tickets at a time, so I put a lot into it. Even now I have won twice I will keep entering the draw.

“I haven’t told my son that I have won again because he will think he doesn’t need to study. I still want him to work hard and I don’t plan on telling him but he may see it in the news.”

Mr Sreedharan, from Kerala in India, is the 188th Indian national to have won $1 million since the start of the Millennium Millionaire promotion. Residents from India make up the largest group of those buying tickets.

Two other lucky winners also walked away with luxury vehicles in the Finest Surprise draw.

Emirati Rashid Al Mutawaa, 41, won a BMW M Sport, and Indian national Purushothaman Pachairaj, 61, won a BMW motorbike.

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

The most expensive investment mistake you will ever make

When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.

“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.

This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).

Age

$250 a month

$500 a month

$1,000 a month

25

$640,829

$1,281,657

$2,563,315

35

$303,219

$606,439

$1,212,877

45

$131,596

$263,191

$526,382

55

$44,351

$88,702

$177,403

 

RESULT

Kolkata Knight Riders 169-7 (20 ovs)
Rajasthan Royals 144-4 (20 ovs)

Kolkata win by 25 runs

Next match

Sunrisers Hyderabad v Kolkata Knight Riders, Friday, 5.30pm

Updated: May 11, 2022, 12:56 PM