According to a report published by the Center for Advanced Defense Studies (C4ADS), 68 Bosnian citizens own 105 properties worth a total of $ 27 million in Dubai.

“In Dubai, weak regulation, poor enforcement, and relatively high levels of secrecy and anonymity create a welcoming environment for global kleptocrats, money launderers, and other illicit entrepreneurs seeking to hide ill-gotten earnings,” the C4ADS website says regarding the report.

According to the report, “offshore real estate in Dubai is large: at least $146 billion in foreign wealth is invested in the Dubai property market.”

As for other countries of the former Yugoslavia, 94 Croatian citizens own 125 properties worth $ 43 million, 237 Serbian citizens own 287 properties worth $ 74 million, 46 Slovenian citizens own 56 properties worth $ 26 million, 45 Macedonians own 55 properties worth $ 14 million and 11 Montenegrins own 16 properties worth seven million dollars.