Dubai Property Leaks List - Summary
According to an investigative report, Dubai’s property market has gained immense popularity among foreigners. This is often due to various reasons, such as facing “sanctions from owning property in Western democracies” or being “on the run from law enforcement.” Until recently, the United Arab Emirates had very few extradition treaties with many countries, making it a favored destination for individuals seeking refuge.
The official OCCRP website reveals that foreign ownership in Dubai’s housing market reached an impressive $160 billion in 2022. The leaked property records, which significantly date back to 2022 and 2020, build on earlier information from Dubai’s property records that have been disclosed in 2016 and 2020.
Dubai Property Leaks List
Here is a summary of notable properties linked to various individuals in Dubai:
- Sohrab Dinshaw is also a property owner in Dubai. A villa he purchased in 2015 carried a purchase price of AED 1,271,888 (Rs 96 million).
- Chief Financial Officer of Omni Group, Aslam Masood, along with his wife, is shown as a listed owner of several properties in the data.
- The list features Reliance Industries chairman Mukesh Ambani, with an estimated property value of $240 million, Lulu Group chairman M A Yusuff Ali and family, with an estimated property worth $70 million, and Burjeel Holdings owner Shamsheer Vayalil Parambath, with property valued at $68 million.
- President Asif Ali Zardari’s three children, Hussain Nawaz Sharif, Interior Minister Mohsin Naqvi’s wife, Sharjeel Memon and family members, Senator Faisal Vawda, Farah Gogi, Sher Afzal Marwat, four MNAs, and half a dozen MPAs from the Sindh and Balochistan assemblies are also mentioned.
- Billionaire Gautam Adani’s older brother, Vinod Adani, is featured in Forbes’ top ten list, owning nearly 17 different properties worth about $20 million.
For a detailed overview of property ownership in Dubai, you can download the PDF containing the Dubai Property Leaks List.
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