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Dubai Uncovered is the name of a leak detailing property ownership in Dubai. The data, originally from 2020, was revealed in 2022. [1] It revealed 274,000 owners of 800,000 properties located in Dubai. [2] Of these, 191,000 were foreigners. [3]
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.
However, the 2007–2008 financial crisis had a severe impact on Dubai's economy. House prices in the Desert Sheikh fell an incredible 40% in the first three months of 2009, outpacing the fall anywhere else in the world after the investment bubble burst. [4] The crisis led to a decrease in demand for property in Dubai, causing property prices ...
MANTRA, a blockchain platform focused on real-world assets (RWAs), has signed a deal with Dubai developer DAMAC Group to tokenise assets in the Middle East worth at least $1 billion, the two firms ...
The 2007–2008 financial crisis led to the Dubai housing crash in 2009 and a sharp decline in property values and a slowdown in development activity. The government took a series of measures to support the industry, including increased regulation and transparency, and establishment of the Dubai Real Estate Regulatory Agency (RERA). [ 7 ]
The suit accuses the lender of violating its own mission of promoting sustainable development while doing no harm. The IFC failed “to prevent and mitigate harms to the property, health, livelihoods, and way of life of many of the people who live near the Tata Mundra Plant,” says the complaint.
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Prince William is expected to start working from home amid the "biggest royal crisis since the abdication."