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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]
Bayut was founded in 2008 by Imran Ali Khan and Zeeshan Ali Khan, following their launch of Zameen.com in Pakistan.In 2014, Haider Ali Khan moved to the UAE from the United States as the CEO of Bayut.
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]
The Pakistan Association Dubai (PAD) is the largest community center for overseas Pakistanis in the world.It was founded in the late 1960s as a platform for advancing the social and cultural interests of Pakistani expatriates residing in Dubai and more broadly, the United Arab Emirates.
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 ]
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.
On November 14, 2016, Hyatt Hotels Corporation and Bahria Town Group entered into agreement in Abu Dhabi to develop four properties in Pakistan worth over $600 million. All properties are under-construction as of 2016. [18] [35] [36]
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]