Dubai Uncovered is the name of a leak detailing property ownership in
Dubai
Dubai (Help:IPA/English, /duːˈbaɪ/ Help:Pronunciation respelling key, ''doo-BYE''; Modern Standard Arabic, Modern Standard Arabic: ; Emirati Arabic, Emirati Arabic: , Romanization of Arabic, romanized: Help:IPA/English, /diˈbej/) is the Lis ...
. The data, originally from 2020, was revealed in 2022.
It revealed 274,000 owners of 800,000 properties located in Dubai.
Of these, 191,000 were foreigners. The data was originally obtained by
Center for Advanced Defense Studies
The Center for Advanced Defense Studies is a 501(c)(3) nonprofit research organization based in Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly known as Washington or D.C., is the capital city and federal ...
(C4ADS), before being shared with the
Norwegian financial newspaper
''E24'', who then lead the investigation.
25 international media outlets co-operated to investigate the leak.
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.
According to
Brussels Times
''The Brussels Times'' is an English-language Belgian news website, and magazine, headquartered at Avenue Louise in Brussels. It was founded in 1965.
It serves Belgium, particularly covering Belgium and many European countries. It originates fro ...
, the leak revealed "a huge black hole in international anti-
money laundering
Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, sex work, terrorism, corruption, and embezzlement, and converting the funds i ...
efforts centered
icaround the Dubai real estate market".
The leak revealed that over 100 members of the Russian elite held properties in the city, including heavily-sanctioned individuals like
Ruslan Baisarov and
Ramzan Kadyrov
Ramzan Akhmatovich Kadyrov (born 5 October 1976) is a Russian politician and current head of the Chechen Republic. He was formerly affiliated with the Chechen Republic of Ichkeria, Chechen independence movement, through his father who was the ...
. Additionally, internationally wanted criminals have been implicated, like
Daniel Kinahan
Daniel Joseph Kinahan (born 25 June 1977) is an Irish boxing promoter and suspected crime boss. He has been named by the High Court of Ireland as a senior figure in organised crime on a global scale. The Criminal Assets Bureau has stated he " ...
.
The investigation
in Norway revealed how 85% of the locally listed owners of Dubai properties had not reported it to their national tax authorities as required by law.
See also
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Bahamas Leaks
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Cyprus Papers
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Dubai Papers
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Dubai Unlocked
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Panama Papers
The Panama Papers () are 11.5 million leaked documents (or 2.6 terabytes of data) published beginning April 3, 2016. The papers detail financial and attorney–client information for more than 214,488 offshore entities. These document ...
*
Pandora Papers
The Pandora Papers are 11.9 million leaked documents with 2.9 terabytes of data that the International Consortium of Investigative Journalists (ICIJ) published beginning on 3 October 2021. The leak exposed the secret offshore accounts of 35 ...
*
Paradise Papers
The Paradise Papers are a set of over 13.4 million confidential electronic documents relating to offshore investments that were leaked to the German reporters Frederik Obermaier and Bastian Obermayer, from the newspaper'' Süddeutsche Z ...
References
External links
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{{Journalism-stub
Finance fraud
Financial scandals
Investigative journalism
News leaks
Whistleblowing