Dubai property is an investment paradise for Pakistani and south Asian personalities
Since the last day, the world, including Pakistan, has been talking about the investigation of “Dubai Unlocked” by the international journalist organisation “Organized Crime and Corruption Reporting Project,” in which the property market of the city of Dubai in the United Arab Emirates is being discussed. Many names of investors and facts related to them have come up.
This research report, ‘Dubai Unlocked,’ was formed with the cooperation of more than 70 journalistic organisations and journalists worldwide. It has been claimed that it has brought forward the names of people from different countries. There are thousands of property and real estate owners in Dubai, including alleged criminals and politicians.
However, it should be noted that these investigations in no way reveal that the property purchased in Dubai was purchased through illegal means or illegal means. The report states that the names of senior political and military officials have been brought forward in ‘public interest’.
However, as many names have been brought to light through this report, many questions have also arisen. One of the most important questions is how Dubai has become a real estate investment paradise for foreigners, including Pakistanis. At the same time, another critical question is how easy it is to buy a property in a place like Dubai and what the prevailing laws are in this regard.
An international investigation called Dubai Unlocked has sought to uncover the foreign owners of the real estate sector in Dubai, United Arab Emirates. The six-month investigation was led by the Organized Crime and Corruption Reporting Project (OCCRP) and involved journalists from more than 70 media outlets worldwide.
According to the OCCRP, the investigation revealed: “who owns what property in the Middle East’s financial centre and how the city opened its doors to people from around the world who were charged with various crimes.”
It is also reported that the data was obtained by the Center for Advanced Defense Studies, a non-governmental organisation based in Washington, DC, which was later provided to the OCCRP.
However, according to the OCCRP, the investigation focused only on 200 individuals who either had a criminal record, were political figures, or were subject to some form of international sanctions. According to the report, other journalists only revealed the identities of those whose identities were in the public interest, and many owners were not named.
It should be noted that OCCRP’s media partner in Pakistan, The News International, says that apart from politicians, the list also includes ‘more than a dozen retired military officers, their families, bankers and bureaucrats’ from Pakistan.
