Dubai Property Indians top the list in owning residential properties in Dubai ahead of pakistan

Dubai Leaks: Dubai is counted as a wonderful city in Asia. The development model here is praised all over the world. This is the reason why people from all over the world are eager to buy property here. Indians have the highest wealth in Dubai. After this comes neighboring country Pakistan.

Maximum 35 thousand properties belong to 29,700 Indian people.

According to a report, the valuation of property owned by foreigners in Dubai, United Arab Emirates was to reach 160 billion dollars by the year 2022. Many famous people have bought property here. According to the report of Pakistani newspaper Dawn, maximum 35 thousand properties in Dubai are owned by 29,700 Indians. By the year 2022, the value of these properties was estimated to be around $17 billion. After India, Pakistan comes next with 23 thousand properties. 17 thousand people of Pakistan have properties in Dubai.

Revealed by an international report named Dubai Unlocked

This report of Dawn is based on an international report named 'Dubai Unlocked'. This data was first leaked and reached the Center for Advanced Defense Studies (C4ADS), an American NGO. He gave this report to Norway's financial institution E24 and Organized Crime and Corruption Reporting Project (OCCRP), from where it reached many media organizations of the world like Dawn.

Apart from investment, people buy property for many other reasons.

According to the official website of OCCRP, the leaked data is from 2020 to 2022. Most foreigners buy property in Dubai to avoid law enforcement agencies and the ban on buying property in Western countries. The report claims that the United Arab Emirates does not have extradition treaties with many countries. Therefore it remains a favorite destination for fugitives. Apart from this, a large number of people also choose Dubai as an investment opportunity. OCCRP has divided foreign owners into three categories in its report. These include accused, banned people and people surrounded by corruption charges. This is the reason why many people secretly buy property in Dubai.

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