DUBAI: The Dubai Land Department has seized property, land and an Escrow account registered to Schon Properties, owners of Pakistan Super League cricket team the Multan Sultans.
The Government of Dubai Media Office said the DLD decided to act while Dubai Public Prosecution and Dubai Courts pursue legal action against the company.
“The step is aimed at protecting the rights of investors in light of Schon Properties’ actions of exploiting investors by refraining from depositing their money in an Escrow (guarantee) account,” the DLD said.
The Dubai Land Department requires investors to deposit money in Escrow accounts and transfer payments to developers in line with the percentage of completion of projects.
“This is the only way investors can preserve their money and ensure their rights are protected. Buyers are advised not to make payments to developers outside Escrow accounts,” the office said.
The DLD explained that the requirement is part of its efforts to provide a well-regulated and transparent investment environment that provides all the necessary protections for all parties and safeguards their rights.
Schon Properties bought the newly created Multan Sultans franchise with a winning bid of $41.6 million in 2017, paying $5.2 million a season for eight seasons. This made the team the most expensive of the six PSL franchises.
The company was founded in 2007 by brothers Tahir Hussain Schon and Nasir Hussain Schon from Karachi. Their main projects are in Dubai, including Dubai Lagoon, iSuites, Schon Business Park, and Eco-Friendly Development. For several years, the business has been plagued by complaints from investors about delayed handovers and other problems.
According to media reports, in Pakistan Schon Group is on the National Accountability Bureau’s radar, after it was involved in a loan default and faced allegations of involvement in a financial scam worth PKR 1.245 billion ($10.1 million).
Arab News tried to contact Danial Schon, one of the company’s directors, for comment but he was unreachable.
Dubai authorities seize assets of Schon Properties, owners of PSL team Multan Sultans
Dubai authorities seize assets of Schon Properties, owners of PSL team Multan Sultans
Pakistan, Iraq agree on tighter coordination over pilgrims under new regulated travel system
- New system requires all Iraq-Iran pilgrimages to be organized by licensed groups under state oversight
- Long-running “Salar” model relied on informal caravan leaders, leading to overstays and missing pilgrims
ISLAMABAD: Pakistan and Iraq this week agreed to closely coordinate on the management and security of Pakistani pilgrims, as Islamabad rolls out a new, tightly regulated travel system aimed at preventing overstays, undocumented migration and security breaches during religious visits to Iraq and Iran.
The understanding was reached during a meeting between Pakistan’s Interior and Narcotics Control Minister Mohsin Naqvi and Iraq’s Interior Minister General Abdul Amir Al-Shammari on Thursday evening, where both sides discussed measures to facilitate pilgrims while strengthening oversight, Pakistan’s interior ministry said.
The agreement comes as Pakistan dismantles its decades-old pilgrim travel model and replaces it with a centralized, licensed system after authorities confirmed that tens of thousands of Pakistani pilgrims had overstayed or gone missing abroad over the past decade, triggering concerns from host governments.
“You have, for the first time during your tenure, taken effective measures to organize pilgrim groups, which are commendable,” Al-Shammari told Naqvi, according to Pakistan’s interior ministry.
“All pilgrims included in the list provided by Pakistan’s Ministry of Interior will be allowed to enter Iraq,” he added, making clear that only travelers cleared under the new system would be permitted.
Naqvi said Pakistan would strictly enforce return timelines under the revised framework.
“Pilgrims traveling to Iraq will not be allowed to stay beyond the designated period,” he said, adding that relevant authorities in both countries would remain in close coordination.
Both interior ministers also agreed to strengthen information-sharing and joint mechanisms on security cooperation, counterterrorism and the prevention of human smuggling, officials said.
“The safety, dignity, and facilitation of Pakistani pilgrims is the top priority of the Government of Pakistan,” Naqvi said.
Al-Shammari said he would visit Pakistan soon to finalize a joint roadmap to further improve pilgrim facilitation, security coordination and broader bilateral cooperation, according to the interior ministry.
Pakistan’s government has overhauled its pilgrim travel regime this year, abolishing the long-running “Salar” system under which informal caravan leaders managed pilgrimages. The move followed official confirmation that around 40,000 Pakistani pilgrims had overstayed or disappeared in Iran, Iraq and Syria over the past ten years.
Under the new Ziyarat Management Policy, only licensed Ziyarat Group Organizers (ZGOs) are allowed to arrange pilgrimages, with companies held directly responsible for ensuring pilgrims return on time. Authorities have completed security clearance for 585 companies seeking registration, while scrutiny of applications remains ongoing.
Islamabad has also barred overland travel for major pilgrimages, including Arbaeen, citing security risks in Pakistan’s southwestern Balochistan province, meaning all travel to Iraq and Iran is now restricted to regulated air routes.
Tens of thousands of Pakistani pilgrims travel each year to Iraq and Iran to visit some of the most revered shrines in Shia Islam, including the mausoleums of Imam Ali in Najaf and Imam Hussain in Karbala in Iraq, and major religious sites in Mashhad and Qom in Iran. Pilgrimages peak during religious occasions such as Arbaeen, when millions of worshippers converge on Karbala from across the region. The scale of travel, often involving long stays and cross-border movements, has long posed logistical, security and migration-management challenges for Pakistani authorities and host governments alike.
