UAE Court Orders Fraudsters to Repay Dh4.7 Million in Golden Visa Scam
A Dubai court has ordered two fraudsters to pay back Dh4.4 million and an additional Dh300,000 in compensation after they successfully swindled an investor under the guise of securing him a UAE Golden Visa. The victim, believing he was investing in a legitimate pathway to the 10-year residency, handed over the massive sum based on the pair’s convincing, yet entirely fabricated, promises. Once the funds were transferred, the scammers severed all contact, making it clear that no residency application had ever been filed and that the money had been misappropriated for their personal benefit.
Following a criminal conviction where the defendants were found guilty of fraud and misappropriation of funds, the victim took the case to the Dubai Civil Court to recover his losses. The court ruled in his favor, citing the criminal verdict as clear evidence of the intentional deception. In addition to the full repayment of the Dh4.4 million and the moral damages, the court held both men jointly liable for the victim’s financial and emotional suffering, further ordering them to cover all legal fees and associated court costs.