Leaks reveal properties of Pakistanis worth $11bn in Dubai

Leaks reveal properties of Pakistanis worth $11bn in Dubai

Dubai (Web Desk): An international investigation called ‘Dubai Unlocked’ has revealed that Pakistanis own properties worth over $11 billion in Dubai.

The data reveals the details of the secret wealth of world leaders, politicians and other powerful people.

The Organized Crime and Corruption Reporting Project (OCCRP), another investigative consortium modeled after the International Consortium of Investigative Journalists (ICIJ), has released a data leak of approximately $400 billion in expatriates in Dubai.

The data also revealed names of politicians, media persons, big businessmen and military officers.

The leaks revealed that 17,000 Pakistanis bought 23,000 properties in Dubai. The names of President Asif Zardari's three children are included in the list while the former premier Shaukat Aziz is also included in the list.

More than a dozen retired government officials, a police chief, a diplomat and a scientist are also named in the property leaks.

It added that Hussain Nawaz Sharif Sharjeel Memon and his family members, Faisal Vawda, Interior Minister Mohsin Naqvi's wife are also among those having properties owners in Dubai. name is also included in the list of property owners in Dubai.

It has been revealed that four Members National Assembly (MNAs) of Sindh also have properties in Dubai while names of more than six Sindh and Balochistan assemblies’ members are also included in the property leaks.

Meanwhile, Property leaks have revealed that Indians are leading foreigners buying properties in Dubai. It revealed that 29,700 Indians own 35,000 properties in Dubai. The property value of Indians in Dubai is about $17 billion.

It added that 19,500 British citizens own 22,000 properties in Dubai. The value of properties bought by British citizens in Dubai is $10 billion.

Moreover 8,500 Saudi citizens bought 16 thousand properties worth eight and a half billion dollars in Dubai.

It is pertinent to mention that the data on properties in Dubai was obtained by Washington-based NGO "Center for Advanced Studies". It was shared by the Washington-based NGO with Norway's financial outlet E24.

The property data was also shared with an organisation called the "Organized Crime and Corruption Reporting Project" (OCCRP)

The OCCRP coordinated a 6-month investigative project with reporters from 74 media outlets in 58 countries, uncovering scores of convicted criminals, fugitives, and political figures who have recently owned at least one piece of real estate in Dubai.