Pakistanis Properties in DUBAI UNLOCKED: Big Reveal

Today, we will discuss the latest Pakistanis Properties in Dubai Unlocked report that propelled shocking waves in the country. According to the latest Leaks, Pakistanis from 2020 to 2022 collectively owned properties worth $12.5 billion in Dubai, the land of the rich. 

Pakistanis’ Properties in DUBAI

As we dug deep into the Dubai Unlocked Report, it was found that 17,000 Pakistanis own almost 23,000 properties in Dubai. You would be interested to know who owned the Pakistani properties in Dubai real estate. 

List of Pakistanis Properties in Dubai Unlocked

The Pakistani properties in Dubai Unlocked Report, are owned by politicians, media personnel, business elites, and military personnel. Curious about the names? A few of them include the sons of Asif Ali Zardari, son of Nawaz Sharif, Faisal Vawda, wife of Mohsin Naqvi, Sharjeel Memon and his family, Farah Gogi, Sher Afzal Marwat, the late General Musharraf, former prime minister Shaukat Aziz and his family.

Which Locations Have Pakistanis Properties in Dubai Unlocked?

Pakistanis’ Properties in DUBAI

They have invested in studio apartments, commercial properties, 6-bedroom villas, and entire buildings. And to no surprise, the Leaks have mentioned that most of these properties are in expansive projects and locations including; 

  • Palm Jumeirah, 
  • Business Bay, 
  • Dubai Marina, 
  • Emirates Hills
  • Al-Barsha

Pakistanis’ Properties in DUBAI

Compared with Pakistan’s unstable economic conditions, the not-so-surprising news of money stacking in Dubai real estate made people say Pakistan is poor but Pakistanis are rich. The six-month investigation report of Dubai Unlocked has not given evidence of tax fraud or financial crime, However, the FBR sets its alarms to dive deep into an investigation for bringing Pakistani investors into the tax net.

Who Launched Dubai Unlocked Report?

The latest report Dubai Unblocked is given by a non-profit organization based in Washington DC, the Center for Advance Defence Studies (C4ADS). Finding its complex prospects the NGO shared the report with Norwegian Financial Outlets E24 and the Organized Crime and Corruption Reporting Project (OCCRP). Later, OCCRP sought collaboration from the media outlets of 58 countries including Pakistan to investigate the matter. 

Pakistanis’ Properties in DUBAI

Who Tops The List of Dubai Unlocked Report?

Pakistani Properties in DUBAI

You would be interested to know how our neighbor is doing in Dubai.  Not so shocking, India tops the list with 35,000 properties in  Dubai owned by 29,700 Indians. According to the OCCRP report, the net worth of these properties counts as $17 billion. The UK ranked third and Saudia ranked fourth with $10 billion and $8.5 billion worth of properties respectively. The richest man in Asia with a net worth of $110.2 billion, Mukhesh Ambani, also holds property in Palm Jumereh worth $238 million.

Why Everyone Loves Dubai?

Once declared as a money laundering paradise by Transparency International, Dubai always mesmerizes the world with business, adventure, tourism, and residence opportunities. Down the road, the real estate landscape of Dubai is attractive yet complex. The city of skyscrapers is considered a land of dreams for everyone around the world, and income tax and capital gain relaxations add more ease to parking money here. Adding to it, the reluctance by Dubai authorities towards revealing the data of foreign investors creates difficulties for other countries to track the record as well as encourage people to hoard their money in Dubai.

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