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Dubai Property Leaks: How many Pakistanis are on the list?

08:32 PM | 14 May, 2024
Dubai Property Leaks
Source: File photo

A collaborative investigative journalism endeavor unveiled the ownership of high-value properties belonging to prominent figures worldwide in Dubai.

Among the owners are political figures, individuals under global sanctions, suspected money launderers, and criminals.

How Many Pakistanis Own Properties In Dubai?

Pakistani individuals are also among those identified, with their combined property holdings estimated to be worth $11 billion. The investigative report shows that 17,000 Pakistanis own 23,000 properties in Dubai, almost 2.5 percent of the total $389 billion worth of properties.

Names Of Pakistanis Who Own Properties In Dubai

Highlighted among the Pakistanis identified in the Property Leaks are the three children of President Asif Ali Zardari, Hussain Nawaz Sharif, the spouse of Interior Minister Mohsin Naqvi, Sharjeel Memon, along with his family members, Senator Faisal Vawda, four Members of the National Assembly (MNAs), and around half a dozen Members of the Provincial Assembly (MPAs) from Sindh and Balochistan. PTI leader Sher Afzal Marwat and Farah Gogi too own properties in Dubai.

Additionally, the list features late Gen Pervez Musharraf, former Prime Minister Shaukat Aziz, over a dozen retired generals, a police chief, an ambassador, and a scientist. All of these individuals were found to possess properties either directly or through their spouses and children.

How Many Indians Own Properties In Dubai?

Indians top the the list as 29,700 Indians have 35,000 properties in Dubai and their total worth is $17 billion. Commercial and residential properties bought in the name of companies are not included in this list. 

What Is 'Dubai Unlocked' Project?

Named 'Dubai Unlocked', the project draws upon extensive data detailing hundreds of thousands of properties in Dubai, along with information on their ownership or utilization. The dataset primarily covers the years 2020 and 2022, excluding properties registered under corporate entities and those situated in commercial zones from the analysis.

The data was acquired by the Centre for Advanced Defence Studies (C4ADS), a non-profit organization headquartered in Washington, DC. Subsequently, it was shared with Norwegian financial publication E24 and the Organized Crime and Corruption Reporting Project (OCCRP), which led a comprehensive six-month investigation involving journalists from 74 media outlets across 58 nations.

This extensive inquiry revealed numerous individuals with criminal convictions, fugitives, and prominent political figures who have recently possessed real estate in Dubai. Pakistani news outlets The News International and Dawn were among the partners in this investigation.

Daily Pakistan Global Web Desk

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Pakistani Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 May 2024

Pakistani currency rates against US Dollar and other currencies on May 28, 2024 (Tuesday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.25 for selling.

Euro stands at 298 for buying and 301 for selling while British Pound rate is 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal increased to 73.45.

Source: Forex Association of Pakistan. (last update 08:00 AM)

Currency Symbol Buying Selling
US Dollar USD 277.4 280.25
Euro EUR 298 301
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.25 75.9
Saudi Riyal SAR 73.45 74.2
Australian Dollar AUD 183 184.8
Bahrain Dinar BHD 740.03 748.03
Canadian Dollar CAD 203 205
China Yuan CNY 38.42 38.82
Danish Krone DKK 40.44 40.84
Hong Kong Dollar HKD 35.62 35.97
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 904.07 913.07
Malaysian Ringgit MYR 59.05 59.65
New Zealand Dollar NZD 170.03 172.03
Norwegians Krone NOK 25.92 26.22
Omani Riyal OMR 723.64 731.64
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203 205
Swedish Korona SEK 26.02 26.32
Swiss Franc CHF 304.75 307.25
Thai Bhat THB 7.6 7.75

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