Who Owns Offshore Real Estate? Evidence From Dubai

This paper analyzes a unique micro-dataset capturing the ownership of about 800,000 properties in Dubai. We use this dataset to document patterns in cross-border real estate investments, a blind spot in the analysis of financial globalization. Here are some main findings from this study. Offshore real estate in Dubai is large: at least $146 billion in foreign wealth is invested in the Dubai property market. This is twice as much as real estate held in London by foreigners through shell companies.

Explore the results from our study!

The map allows you to explore data regarding foreign owners of in Dubai (number of owners by country, total value owned by nationals from a country, etc.). Rank corresponds to the country rank with respect to the other countries (including UAE).

You can switch data with the blue menu on the left and zoom on each country by clicking on it! (and dezoom by clicking on the same country)