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The lowest price for investing in real estate in Dubai-the same price as a brunch or a round of golf!
Even when the global economy is experiencing economic crisis, Dubai’s real estate industry is still attractive to investors. Due to the high housing prices in the emirate, most people who want to have a dream home in Dubai cannot take any action to realize their dreams.
SmartCrowd, a real estate investment and technology platform regulated by the DFSA, announced the minimum threshold for investing in the Dubai real estate market. It stated that the platform allows all people with incomes as low as AED500 to own their share of real estate in Dubai.
According to a statement from SmartCrowd on Monday, the shares of Dubai real estate earn monthly income and may increase in value over time.
“We want to make real estate investment affordable and accessible to everyone. At the same price as brunch or a round of golf, everyday investors can now have a vibrant part of Dubai City. This is the work of ordinary hardworking people. Opportunities to accumulate wealth and savings in the future. They are no longer limited to investing in stocks and bonds,” SmartCrowd CEO and co-founder Siddiq Farid said in a statement. Khaliji Times on Monday.
The platform has helped thousands of users invest in more than 40 properties in Dubai’s downtown, marina, JLT, JVC and other areas.
“To date, SmartCrowd has distributed more than AED 1.3 million in rental income to investors. There are now a range of investment opportunities to choose from, including prime locations such as Dubai Marina, JBR and City Walk,” a statement said.
Moreover, as the Expo 2020 approaches, Farid said that the discount is also open to tourists.
“Visitors can choose to take home more memories and share Dubai’s property,” he said.
SmartCrowd’s platform and services are well-loved by users, of which 65% are repeat investors, who hold more than three investments on average. The assets on the platform can be funded within two hours at the earliest.
The business expanded rapidly, with offices in ADGM in Abu Dhabi and DIFC FinTech Hive in Dubai. With a professional team of real estate analyst experts and a set of technical tools, SmartCrowd can identify, qualify and organize all data to help users make smart investment decisions. For investors, this is a seamless process through an end-to-end digital investment platform.
— Muzaffarrizvi@khaleejtimes.com
Quick comparison: what you can buy in Dubai for AED 500
• Enjoy brunch with home drinks at Mimi Kakushi
• A pair of Ray-Ban sunglasses
•Kenzo Tiger Classic T-shirt
• Apple Airpods
• A pair of Nike Air Max 90s
• Afternoon tea and massage at Raffles
• Play a round of golf at the Els Club
Muzaffar Rizvi
The business editor/news editor of Khaleej Times is a well-connected reporter and economic and financial commentator. Since 1997, he has been engaged in mainstream journalism, covering the UAE’s economy and key sectors. He has a graduate degree in economics and has won many awards for his true and insightful reports on global and regional business and economic trends.
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