Three hapless thieves spent hours trying to break warehouse locks with a pair of scissors in a bid to steal Dh2 million worth of children’s clothes before being scared off by a passing car, a Dubai court heard on Monday.
The Pakistani defendants, aged 21, 25 and 33, tried to force open the locks at the warehouse in Ras Al Khor for three hours, managing to break just one of the locks, before being scared off in the early hours of August 4.
The warehouse owner arrived in the morning to find one lock broken so she called police. Police managed to identify one defendant through CCTV footage and circulated his picture to all police stations.
On August 7, the man was apprehended and, according to police, he admitted taking part in the attempted robbery and said that the other two men, one of whom had worked in the warehouse, had planned the botched raid.
“He tipped [police off about] the other two and we arrested them the same day,” said an Emirati police officer, 29.
He added that each defendant was asked separately about the incident and they all gave the same details.
“They said they planned it the same day and took a taxi to the warehouse but, after three hours of trying to break the locks, they were scared off by a passing car,” said the officer.
The men told police they disposed of the scissors near the warehouse but officers couldn't find them.
The Chinese warehouse owner told prosecutors that she locked the place up at 2.30am and returned later that morning to find one of the locks broken. “I called police then checked the cameras. I saw three men, two of them masked, breaking the lock,” she said.
At Dubai Criminal Court on Monday morning, the trio denied a charge of attempted armed robbery.
A verdict is expected on October 16.
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BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES
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Top investing tips for UAE residents in 2021
Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.
Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.
Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.
Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.
Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.
Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.
Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”
Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI.
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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