{"id":19746,"date":"2022-05-19T16:18:44","date_gmt":"2022-05-19T16:18:44","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-rich-mozambicans-investing-in-dubai-real-estate-aim-report"},"modified":"2022-05-19T16:26:21","modified_gmt":"2022-05-19T16:26:21","slug":"mozambique-rich-mozambicans-investing-in-dubai-real-estate-aim-report","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-rich-mozambicans-investing-in-dubai-real-estate-aim-report","title":{"rendered":"Mozambique: Rich Mozambicans investing in Dubai real estate \u2013 AIM report"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>At least 67 Mozambicans have purchased 359 properties in Dubai, in the United Arab Emirates, with a total value of 78.5 million US dollars, according to \u201cWorking Paper No. 1\u201d of the European Union Tax Observatory, entitled \u201cWho Owns Offshore Real Estate? Evidence from Dubai\u201d. [Report may be found HERE , data table is https:\/\/gabriel-zucman.eu\/files\/APZO2022Data.xlsx ]<\/p>\n

The average value of each property is about 220,000 dollars. The average age of the 67 Mozambicans is 48. Nine of them are less than 35 years old, and eight are over 60. 19 (28 per cent) are women.<\/p>\n

13 of the 359 properties are villas and five are apartment blocks. The rest are presumably flats. The value of the Dubai real estate owned by the 67 Mozambicans is equivalent to 0.53 per cent of Mozambique\u2019s Gross Domestic Product.<\/p>\n

The Tax Observatory research does not give the names of any of the 67 Mozambicans. A list of names circulating on the Internet is no more than a piece of malicious fiction. The raw data consists largely of numbers, from which nationality and country of residence can be deduced, but which contains no names.<\/p>\n

No doubt the names could be obtained \u2013 but publishing them would be illegal under both EU and Emirates law on privacy and the confidentiality of data.<\/p>\n

The Tax Observatory paper analyses ownership of 800,000 properties in Dubai. It puts the value of offshore real estate in Dubai at minimum of 146 billion US dollars \u2013 which is much more than the 2019 estimate of 66 billion dollars for offshore real estate held through shell companies in London.<\/p>\n

The largest foreign owners of the Dubai real estate are from India (20 per cent of the total) and the United Kingdom (10 per cent).<\/p>\n

Citizens of almost every country in the world have money salted away in Dubai properties, and some of the most startling figures come from the poorest countries. The moneyed elite of war-torn Afghanistan, for example, have invested the equivalent of 7.81 per cent of the Afghan GDP in Dubai real estate.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. At least 67 Mozambicans have purchased 359 properties in Dubai, in the United Arab Emirates, with a total value of 78.5 million US dollars, according to \u201cWorking Paper No. 1\u201d of the European Union Tax Observatory, entitled \u201cWho Owns Offshore Real Estate? Evidence from Dubai\u201d. [Report may be found HERE , data […]<\/p>\n","protected":false},"author":84,"featured_media":19745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-19746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nMozambique: Rich Mozambicans investing in Dubai real estate \u2013 AIM report - Mozambique<\/title>\n<meta name=\"description\" content=\"At least 67 Mozambicans have purchased 359 properties in Dubai, in the United Arab Emirates, with a total value of 78.5 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-rich-mozambicans-investing-in-dubai-real-estate-aim-report\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozambique: Rich Mozambicans investing in Dubai real estate \u2013 AIM report\" \/>\n<meta property=\"og:description\" content=\"At least 67 Mozambicans have purchased 359 properties in Dubai, in the United Arab Emirates, with a total value of 78.5 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-rich-mozambicans-investing-in-dubai-real-estate-aim-report\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-19T16:18:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-19T16:26:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/05\/img-62866f7d7f032.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"552\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-rich-mozambicans-investing-in-dubai-real-estate-aim-report#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-rich-mozambicans-investing-in-dubai-real-estate-aim-report\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mozambique: Rich Mozambicans investing in Dubai real estate \u2013 AIM report\",\"datePublished\":\"2022-05-19T16:18:44+00:00\",\"dateModified\":\"2022-05-19T16:26:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-rich-mozambicans-investing-in-dubai-real-estate-aim-report\"},\"wordCount\":345,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-rich-mozambicans-investing-in-dubai-real-estate-aim-report#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/05\/img-62866f7d7f032.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-rich-mozambicans-investing-in-dubai-real-estate-aim-report#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-rich-mozambicans-investing-in-dubai-real-estate-aim-report\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-rich-mozambicans-investing-in-dubai-real-estate-aim-report\",\"name\":\"Mozambique: Rich Mozambicans investing in Dubai real estate \u2013 AIM report - 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