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Mohamned Adil Khan from Uttar Pradesh was named the mega prize winner of the FAST 5 draw at a press conference held on Thursday, the Gulf News, a daily English language newspaper, reported.
Khan, who works as an interior design consultant for a real estate company in Dubai, stands to get Dh25,000 (5,59,822) a month for 25 years after winning the lottery.
Khan said he is grateful for the win and said it comes at a very important time.
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Khan said he was left pleasantly surprised after getting the news.
“I also told my family and they could not believe it either. They said to double-check the news for its authenticity,” he said.
Paul Chader, Head of Marketing, Tycheros which organises Emirates Draw, said: “We are glad to announce our first winner for FAST 5 in less than eight weeks of its launch. The reason why we call it FAST 5 is because it is the fastest way to become a multi-millionaire.”
He added that the idea behind staggered payments is to secure the winner.
“This sort of prize win ensures a regular payout for the next 25 years to the winner,” he said.