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Dubai's Dizabo App Scandal: Investors Lose Millions in Alleged Investment Scam
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Dubai’s Dizabo App Scandal: Investors Lose Millions in Alleged Investment Scam

Dubai-based Dizabo Superapp shutdown leaves hundreds of UAE investors with massive losses. Founder faces court cases after promising 80% returns in 6 months.

Vadim Kouznetsov
1–2 minutes
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The shutdown of Dubai-based Dizabo Superapp has left hundreds of UAE investors reeling from financial losses reaching millions of dirhams. The company, which launched in September 2021, promised revolutionary e-commerce solutions but now faces multiple legal challenges.

Investment Structure:

  • Initial investment options:
    • Dh43,000 for five delivery bikes
    • Dh200,000 for four delivery vans
  • Promised returns: 80% within six months
  • Payment structure: Six post-dated cheques of Dh10,000 each

Scale of Impact:

Notable investor losses include:

  • Dutch national: Dh2 million
  • Moroccan investor: Dh900,000
  • Egyptian investor: Dh820,000
  • Myanmar national: Dh650,000
  • British investor: Dh430,000
  • Emirati investor: Dh344,000

Company Background:

  • Launch date: September 2021
  • Location: Deira office
  • Staff size: 80 employees
  • Business model: E-commerce platform connecting vendors and customers
  • Product categories: 22

Current Status:

  1. Legal proceedings:
  2. Founder details:
    • Name: Abdul Afthab Pallikkal
    • Age: 33
    • Origin: South India
    • Status: Facing multiple court cases
Abdul Afthab Pallikkal
Abdul Afthab Pallikkal – Founder of Dizabo Superapp

Victim Impact Stories:

Case Study 1: Zubair Mahmood

  • Investment: Dh200,000
  • Consequences:
    • Job loss
    • Travel ban
    • Family medical crisis
    • Outstanding debts

Case Study 2: Jazim Hazeem

  • Investment: Dh150,000
  • Source: Inheritance for orphaned relatives
  • Monthly support payment: Dh3,500

Case Study 3: Aisha Mohamed

  • Impact:
    • Financial strain during high-risk pregnancy
    • Forced return to work
    • Health complications

Warning Signs:

  1. App status:
    • Listed on Google Play and App Store
    • Non-functional services
    • Negative user reviews
  2. Restaurant partnerships:
    • Claims of 897 restaurant partnerships
    • Random checks revealed no valid partnerships
    • Reports of undelivered orders

Legal Advisory:

Affected investors are advised to:

  • Document all transactions
  • File police reports
  • Seek legal counsel
  • Join collective legal actions
  • Report to relevant authorities

This case serves as a crucial reminder for investors to exercise due diligence before committing to high-return investment schemes.

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