Pakistanis Are Third Largest Foreign Investors in Dubai Real Estate
Pakistanis have invested $10.6 billion in Dubai real estate, ranking them as the third largest investors in the city on the Gulf. Indian investors lead Dubai real estate investments with $29.8 billion, followed by British investors' $14.7 billion investment.
|Wealth From Top 20 Countries Invested in Dubai Real Estate. Source: EU Tax Observatory|
With at least $146 billion in foreign wealth invested, the Dubai property market is now the world's largest offshore investment market for foreign investors. It is now twice as large as the London real estate market in terms of wealth invested by foreigners through shell companies. There are nearly 20,000 unique foreign owners of Dubai real estate from Pakistan, the third largest number behind almost 35,000 Indian owners and about 23,000 owners from the United Kingdom, according to the EU Tax Observatory.
|Unique Entities From Top 20 Countries Owning Dubai Real Estate. Source: EU Tax Observatory|
|Money Laundering Risk. Source: FATF|
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