Report: Nigerian Officials Own $1bn in Dubai Real Estate.
About 200 Nigerian politicians and security officers have invested nearly $1 billion in Dubai’s property market over the past two decades, BusinessDay reports. Prominent figures like Atiku Abubakar, Nasir El-Rufai, and Datti Baba-Ahmed are among those linked to these investments. Nigerian buyers rank second among foreign property purchasers in Dubai, with 1,824 assets.
The investigation, part of the ‘Dubai Unlocked’ project led by the OCCRP and over 70 media partners, revealed that wives and children of politically exposed persons (PEPs), court judges, and top civil servants own around 1,600 properties in prime locations like Burj Khalifa, Palm Jumeirah, and Marsa Dubai.
High-Profile Nigerian Property Owners in Dubai
- Atiku Abubakar: Linked to a three-bedroom flat valued at $1.23 million in Palm Tower, Dubai.
- Nasir El-Rufai: Owns a four-bedroom flat worth $193,084 in Al Hebiah Third.
- Datti Baba-Ahmed: Linked to eight properties valued at $2.28 million in Burj Khalifa and other prime areas.
- Ifeanyi Uba: A villa valued at $1.13 million, with eight properties linked to his wife.
Nigerian Real Estate Trends
Nigerians are major investors in Dubai’s real estate, often owning flats, villas, studios, and hotel rooms in luxurious locations. Despite the large investments, there are concerns about potential links to corruption and capital flight.
Share News with us via WhatsApp: 08163658925 or Email: naijaeyes1@gmail.com
Join Our Social Media Channels:
WhatsApp: NaijaEyes
Facebook: NaijaEyes
Twitter: NaijaEyes
Instagram: NaijaEyes
TikTok: NaijaEyes
