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Dubai Leaks is a global collaborative investigative journalism project that has revealed the global elite's ownership of properties in Dubai. The project, named Dubai Unlocked , is based on data that provides a detailed overview of millions of properties in Dubai and information on their ownership or use, mostly between 2020 and 2022.
Dubai has been described as "one of the most opaque financial hubs in the world", and one of the most popular destinations for illicit money. [1] According to Brussels Times, the leak revealed "a huge black hole in international anti-money laundering efforts centered [sic] around the Dubai real estate market". [4]
The "Dubai Unlocked" investigation by journalists from 75 media outlets, in coordination with OCCRP and E24, revealed how Dubai's real estate market became a haven for criminals, money launderers, drug lords, fugitives, political figures accused of corruption, and sanctioned individuals to hide their money in Dubai.
Organized Crime and Corruption Reporting Project (OCCRP) is a registered name of the Journalism Development Network (JDN), a Maryland-based 501(c)(3) organization. [98] OCCRP is governed by a board of directors: Marina Gorbis, David Boardman, Anders Alexanderson, Sue Gardner, Sanita Jemberga, Tifani Roberts, Drew Sullivan and Paul Radu. [99]
Real Estate in Dubai refers to the market for property development and investment in the emirate of Dubai, United Arab Emirates. Real estate is a significant contributor to Dubai's economy, accounting for a substantial portion of the city's GDP. [1] Dubai's real estate market has experienced growth and transformation, driven by the city's rapid ...
This is a list of real estate in Dubai, United Arab Emirates. Developments in Dubai. List of bridges and tunnels in Dubai; List of buildings in Dubai.
The report states that after the luxury market's sales ratio percentage for single-family homes was 22.3% in 2023, representing a seller's market, it had moved to 19.4% in 2024, representing a ...
2009 Dubai housing crash was a major economic crisis that hit the Emirate of Dubai, one of the seven emirates that make up the United Arab Emirates (UAE). The crisis was sparked by the 2007–2008 financial crisis, which severely impacted Dubai's economy, particularly its real estate sector. [1]