HomeBusinessDubai Property Leaks: Properties of Pakistanis worth billions of dollars exposed

Dubai Property Leaks: Properties of Pakistanis worth billions of dollars exposed

- Advertisement -

Washington (Daily Pakistan Online) Properties worth about 400 billion dollars of foreigners were revealed in Dubai, including properties of Pakistanis worth 11 billion dollars.

According to Geo News, the “property leak” includes the names of several political figures, government officials and retired government officials. Pakistanis own properties worth 11 billion dollars in Dubai, Pakistanis are the second largest foreign buyers of properties in Dubai.

Property leaks reveal that 17,000 Pakistanis have bought 23,000 properties in Dubai. The names of President Asif Zardari’s three children were included in the asset leaks. Former President General Retired Pervez Musharraf’s name is also included in the list of property owners in Dubai. Former prime minister Shaukat Aziz’s name is also included in the asset leaks More than a dozen retired government officials, a police chief, a diplomat and a scientist are also included in the asset leaks .

According to property leaks, Hussain Nawaz Sharif also owns property in Dubai. Interior Minister Mohsin Naqvi’s wife also owns property in Dubai. The names of Sharjeel Memon and his family members are also among the names of the land owners in Dubai. Senator Faisal Vawda’s name is also included in the list of property owners in Dubai. Four members of the National Assembly of Sindh also have properties in Dubai. The names of more than 6 members of the Provincial Assembly of Balochistan and Sindh were also included in the asset leaks.

Indians are the top foreigners buying properties in Dubai.

Property leaks reveal that 29,700 Indians own 35,000 properties in Dubai. The property value of Indians in Dubai is about 17 billion dollars In addition, 19,500 British citizens own 22,000 properties in Dubai. Properties bought by British citizens in Dubai are worth 10 billion dollars.

8,500 Saudi citizens have purchased 16,000 properties worth eight and a half billion dollars in Dubai. This data on properties in Dubai was obtained by the Washington-based NGO “Center for Advanced Studies”. The property data was shared with the Washington-based NGO Financial Out Lit eTwenty-Four in Norway. Property data is also shared with an organization called the “Organized Crime and Corruption Reporting Project”. The “Organized Crime and Corruption Reporting Project” is working on a 6-month investigative project to track down the owners of the assets.

Journalists from 74 media organizations from 58 countries worked on the investigative project. The investigative project identifies convicted criminals, fugitives and political figures who have recently purchased at least one property in Dubai.

It is important to clarify here that owning a property by someone outside Pakistan is not an illegal activity in itself. Many people own properties abroad because they work abroad or use their taxable income to buy these properties. It is up to the tax authorities of their respective countries to decide the legality of the matter.

It is important to mention that Dubai is a symbol of progress and innovation in the Islamic world. Vibrant business hubs and business-friendly environment not only attract millions of professionals and entrepreneurs, but also encourage investment. However, like any major city in the world, Dubai has its challenges. Some people in every community try to take advantage of the system by misusing the rules for personal gain. Their actions do not reflect the general dignity or values ​​of the city or its administration.

- Advertisement -
RELATED ARTICLES

Most Popular