Indians lead the list of foreign property owners in Dubai, with 35,000 properties estimated at $17 billion in value as of 2022.
An investigation by the Organised Crime and Corruption Reporting Project (OCCRP) and E24 uncovered a network of convicted criminals, fugitives, and corrupt political figures or their associates who own real estate in Dubai.
Indian nationals topped the list with 35,000 properties, followed by Pakistani nationals, UK citizens, and Saudi nationals.
Dubai’s International Appeal
Reporters identified properties owned by individuals involved in criminal activities, such as money laundering, drug smuggling, and corruption. Despite red flags, these individuals were not stopped from purchasing properties in Dubai.
Dubai’s allure as a global financial hub attracts various unsavory characters, exploiting the city’s secrecy and weak regulations.
Experts highlight Dubai’s inconsistent responses to extradition requests and lack of cooperation in dealing with fugitives from other countries.
The Dubai Unlocked series sheds light on Dubai’s role as a safe haven for illicit wealth and questionable individuals.