Pakistanis own $11 billion worth of property in Dubai

An extensive journalistic inquiry conducted by a coalition of reporters worldwide has unveiled the proprietors of high-end properties owned by affluent individuals in Dubai. Dubbed ‘Dubai Unlocked’, this investigation revealed properties held by politicians, individuals facing sanctions, and those implicated in offenses such as money laundering.

Among those implicated in the probe are several Pakistanis, whose Dubai properties collectively amount to an estimated $11 billion. The initiative scrutinized an extensive dataset encompassing hundreds of thousands of properties in Dubai, primarily focusing on ownership details spanning from 2020 to 2022. However, properties owned by corporations or located in commercial zones were excluded from the analysis.

Data for the investigation was compiled by the Centre for Advanced Defense Studies (C4ADS) in Washington, DC. This information was then shared with Norwegian financial outlet E24 and the Organized Crime and Corruption Reporting Project (OCCRP). Journalists from 74 media outlets spanning 58 countries collaborated on this initiative, uncovering individuals associated with Dubai’s real estate market, including criminals, fugitives, and politicians.

This inquiry raises concerns regarding transparency in property ownership and underscores potential financial improprieties. Additionally, it sheds light on individuals linked to illicit activities and those affiliated with sanctioned networks.

The data further indicates that Pakistanis hold a significant stake in Dubai’s real estate landscape. Approximately 17,000 Pakistani individuals possess around 23,000 residential properties in Dubai, collectively valued at $11 billion. This underscores the substantial presence of Pakistanis in Dubai’s property market compared to other foreign stakeholders.

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