Million-dollar villas on man-made island Palm Jumeirah are among the properties in question in the report.
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War profiteers, terror financiers and drug traffickers sanctioned by the U.S. in recent years have used Dubai's real estate market as a haven for their assets, a new report released Tuesday alleges.It identifies some $100 million in suspicious purchases of apartments and villas across the city of skyscrapers in the United Arab Emirates, where foreign ownership fuels construction that now outpaces local demand.The properties in question include million-dollar villas on the fronds of the man-made Palm Jumeirah archipelago to an apartment in the Burj Khalifa, the world's tallest building. Others appear to be one-bedroom apartments in more affordable neighborhoods in Dubai, the UAE's biggest city. Over time, however, Dubai itself became a haven.From Kabul, the Afghan capital, over $190 million in physical cash left for Dubai in three months in 2009 on commercial flights, according to an October 2009 U.S. diplomatic cable published by WikiLeaks.
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