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The Dubai Police arrested an Arab woman who was wanted for duping four property buyers by claiming to be engaged in real estate investments. The woman used different names to conceal her identity and swindle innocent investors.
Major General Khalil Ibrahim Al Mansouri, Assistant Commander-in-Chief of the Dubai Police Department for Criminal Investigation Affairs confirmed that the woman was caught red-handed while she was trapping another victim.
He also warned property buyers to refrain from dealing with unlicensed persons who do not have companies registered in the UAE, adding, that a lot of reliable major real estate investment companies existed in the UAE.
Colonel Omar bin Hammad, Director of the General Department of Anti- Economic Crime said the matter came to light when they received a complaint from a GCC national who stated that whilst his visit to Dubai, he had met an Arab woman who tricked him into buying an apartment as an investment.
The woman had also promised the GCC national that she would manage the apartment and rent it others against a monthly or annual profit and a commission on behalf of her real estate company. She asked for Dh400,000 as down payment for the apartment.
The GCC national transferred Dh80,000 in the name of an Asian as asked by the Arab woman, who she claimed to be working with her. Soon after he transferred the amount, he was baffled to know that she has switched off her mobile and was unavailable. The victim pointed that he had no information about the woman except her name which was later found to be fake. Also, the Asian man informed the victim that he was unaware about the woman's fake identity and fraud real estate deals but admitted that he received the money in exchange for a sum of money.
The woman admitted to have committed several fraudulent operations and had been residing in one of the emirates.
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