The UAE’s casino industry is on the cusp of a major boom, fueled by Wynn Resort’s multibillion-dollar integrated resort project on Al Marjan Island in Ras Al Khaimah. According to a recent AI-based study, luxury properties on the island are expected to Read More
Dubai Unlocked, the international investigation into the owners of real estate in Dubai has exposed how Dubai’s real estate market is used to stash ill-gotten money from around the world. The report, titled ‘How Dirty Money Finds a Home in Dubai Real Read More
Dubai-headquartered Property Finder has secured $90 million in debt financing from Francisco Partners to facilitate the repurchase of shares held by its initial institutional investor, BECO Capital. This move underscores the sustained domestic and international interest in the UAE’s flourishing real estate Read More
A large amount of real estate transactions in Dubai is suspected to involve people associated with groups subjected to US sanctions for their alleged ties to terrorist organisations like the Hezbollah and Houthi rebels, says a report by Nikkei Asia. The report is based on data pertaining to Read More
A startling new report has revealed how Dubai’s real estate market is a storage vault for the world’s dirty money. The list includes names of multiple Pakistanis including former President Pervez Musharraf and current President Asif Ali Zardari. The report has been Read More
Ukrainian officials who served during the reign of Kremlin-aligned President Viktor Yanukovych poured millions of dollars into Dubai real estate, including public servants who failed to report these assets or have faced charges of corruption, abuse of office, or treason, a new Read More
UAE-based proptech Property Finder has raised $90 million in debt from Francisco Partners. Founded in 2007 by Michael Lahyani, Renan Bourdeau, Property Finder’s marketplace allows filtered searching of available options for properties to buy and rent. Property Finder, which has expanded its Read More
by OCCRP 14 May 2024 Tweet this Share this on Facebook DONATE What is Dubai Unlocked? How is Dubai Unlocked different from other investigations? Why Is Dubai a hub for money laundering? Where does the Dubai property data come from? What’s in Read More
TOKYO — Numerous people linked to groups targeted with U.S. sanctions as terrorist organizations, such as Hezbollah and Houthi rebels, appear to have bought real estate in Dubai, based on data relating to hundreds of thousands of properties obtained by the Center for Read More
Written by OCCRP, E24, and 72 other media outlets, including MaltaToday From the 37th floor of Dubai’s tallest skyscraper, the wife of an alleged Bosnian cartel member posted video after video on TikTok of the couple’s sleek rental apartment, often featuring their Read More
Residential properties in Dubai, UAE. Photographer: Natalie Naccache/Bloomberg , Bloomberg Nicolas Parasie, Bloomberg News (Bloomberg) — Dubai-based Property Finder raised $90 million in debt from Francisco Partners to help finance the buyout of its first institutional investor, signaling continued foreign interest in Read More