Pakistanis are amongst top property investors in UAE

[Mughal Badshah]

This puts them just behind Indians and Britons who invested Dh7 billion and Dh4 billion in real estate in UAE respectively.

Pakistanis are not far behind Indians and Britons in purchasing property in the UAE as during the first half of 2016 they invested Dh3 billion (USD 816 million) in the real estate sector, a report said on Saturday.

According to the report in the Daily Dawn, Pakistanis bought property worth Dh3 billion which comes to about Rs85 billion (Pakistani rupees).

This puts them just behind Indians and Britons who invested Dh7 billion and Dh4 billion in real estate in UAE respectively.

The report compiled with the aid of Dubai Land Department said that in the last two-and-a-half years, Pakistanis have invested over Dh18 billion (USD 4.9 billion) in Dubai real estate market.

In 2015, Indian nationals ranked the highest value among foreigners, making property transactions worth Dh20 billion from 8,756 investors.

Britons came in at second with a total of Dh10 billion worth of property transactions from 4,889 investors while Pakistanis ranked third with Dh8 billion from 6,106 investors.

Abdul Wahab Parekh, the owner of Parekh Estate in Clifton said that Pakistani politicians, bureaucrats and some genuine buyers have lifted properties in Dubai instead of local businessmen.

He said that businessmen have pulled out their money from banks in Pakistan after introduction of 0.3 to 0.6 per cent withholding tax on filers and non-filers on tax returns.

http://www.khaleejtimes.com/interna...nis-are-amongst-top-property-investors-in-uae

 

[Don302]

Pakistan chaa gay Dubai wich thaa kar k

 

[imtiazahmed]

اس میں علیمہ خان صاحبہ نے بھی اپنا حصہ بقدر ڈالا ہے

 

[Citizen X]

Bhai jaan, yeh sara kaam hamre hukumrano ne seekhya hai, Ishar Dollar saab ki sky scrapers zara check karo ( HDS Tower 1&2 in JLT, one of the posh areas of Dubai ) I myself used until last year live in an apartment owned by a ( which I later found out ) by hard core Noora and one time govt Minister. Won't give out his name but lets just say he also owns a water park in Lahore and a luxury Hotel. Aur khuda ki kasam inta bada chindi chor zindagi mein nai dekha 500 dhs pe rota tha! Police case kerne pe uthar aya. I told him go fek off, I know my rights, this is not Paksitan do what you can.

Easiest way to turn black money into white.

 

[iftikharalam]

Nawaz Sharif Zinda Bad!

Pakistan nai itni taraqi ker lii hai.. Paisai ki itni farawaaani hai keh paisai ugaal ugaal ker bahar jaaa rahaa hai...