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Pakistan ranks among the top five sources of migrant professionals in the UAE. [17] The United Arab Emirates is a major investment destination for Pakistan. Pakistanis are among the top ten investors in the UAE property market, ranking as the second largest nationality that bought most property in Dubai. [18]
In April 2020, Bayut's parent company and the Netherlands-based OLX Group announced the merger of their operations in the UAE, Egypt, Lebanon, Saudi Arabia, Kuwait, Qatar, Bahrain, Pakistan, and Oman, together with the OLX-owned Dubai-based classifieds website, Dubizzle. [3] [4]
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. [1] [2]
Pakistan's real estate sector is worth around $1.8 trillion. According to the Pakistan Bureau of Statistics, [5] construction output accounts for 2% of GDP, with housing representing less than half that total. With the rate of urbanization that Pakistan has been experiencing, there is a growing need for urban planning. [6] [5]
Schön Properties was a Dubai-based real estate developer owned by the Schon family, which originated in Pakistan.The company had been involved in several development projects in Dubai, including the Schon Business Park project and Dubai Lagoons in Dubai Investment Park, which was started in 2005, but was hit hard by the financial crisis of 2007–2008.
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 ]
Union Properties is a real estate development company headquartered in Dubai, United Arab Emirates. Established in 1987 as Union Property Private Limited, [3] the company was listed on the Dubai Financial Market in 1993. Notable projects undertaken by Union Properties include The Index apartment and office building in Dubai and Dubai Motor City.
Overseas Pakistanis (Urdu: بیرون ملک پاکستانی نژاد), or the Pakistani diaspora, refer to Pakistanis who live outside of Pakistan. These include citizens who have migrated to another country as well as people born abroad of Pakistani descent.