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Property leaks, properties of Pakistani citizens worth 12 billion dollars in Dubai alone

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Pakistan is the second largest seller of residential property in Dubai globally and 17,000 owners with Pakistani citizenship own 23,000 properties in Dubai.



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Several years after the Panama Leaks, another leak called ‘Dubai Unlocked’ has emerged regarding the details of the secret wealth of world leaders, politicians and other powerful people, the Organized Crime and Corruption Reporting Project (OCCRP) , which was released in the form of a data leak.

According to ‘Dubai Unlocked’ details, the world’s top rich people have properties worth billions of dollars in Dubai. It was revealed that foreigners have properties worth 389 billion dollars in Dubai. The owners of these properties are said to be the most powerful people in Russia.

According to Dubai Data Lakes, those who own property in Dubai include people from other countries including Pakistan. In Dubai Data Lakes, 17,000 Pakistani citizens are shown as owners of residential properties in Dubai worth 12.5 billion dollars.

The report also shows that Pakistan is fourth in the list of global investment in buying and selling residential property in Dubai Politicians, media people, big businessmen and military officers are also talking about Dubai. The data lake revealed Pakistanis as property owners in Dubai’s most expensive areas, including Dubai Marina, Emirates Hills, Business Bay, Palm Jumeirah and Al Barsha.

The data leaks do not include evidence of properties bought with money from financial crimes, or information such as sources of income, rents, tax returns, etc. However, political experts believe that in such a situation where Pakistan on the one hand hopes for help from other countries including the International Monetary Fund (IMF) to save the sinking economy, on the other hand, Pakistanis which has many and hundreds of properties. There may be tension in the country’s politics and situation when the name is revealed.

Journalists from 74 media outlets in 58 countries, including Dawn, took part in the six-month global research led by OCCRP and Norwegian outlet ‘E-24’. India ranks first in the number of expatriate properties in Dubai with 35,000 properties owned by 29,700 owners According to 2022 data, the property value of Indians in Dubai is $ 17 billion.

Pakistan is the second largest seller of residential property in Dubai globally and 17,000 owners with Pakistani citizenship own 23,000 properties in Dubai. 19,500 British citizens own 22,000 properties in Dubai worth $10 billion.

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