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OTI Real Estate, a subsidiary of Cranebridge Holdings Group, has announced the launch of its new venture “Virtu”, enabling investors from around the world to purchase real estate in operating countries such as Georgia, Egypt, Oman, Saudi Arabia and more. Turkey except the UAE.
It was established in collaboration with a number of strategic partners including Georgian group Fadox and Oman-based Gulf Real Estate.
Virtu and Gulf Realty will soon sign a partnership agreement, making them the exclusive agent of the platform in the region.
Through this partnership, GCC investors will be able to easily buy shares offered by the platform. Gulf Realty is a large company with a huge presence in the GCC real estate market, headquartered in Oman.
Touted as a “game-changing” project, Virtu will enable investors from around the world to purchase real estate in full, in part or jointly in operating countries outside the UAE – Georgia, Egypt, Oman, Saudi Arabia and Turkey – Ownership backed by relevant authorities and stock exchanges.
Speaking at a press conference in Dubai yesterday (Oct 18), Ahmad Shehata, board member of River Bridge Holdings Group, said: “Virtu is a pioneering investment idea in the real estate sector. It provides real estate investors with the opportunity to browse what is available on the platform. project documents to let them know all the details and potential returns that investors will get from these properties.”
With this new program, OTT has opened the “investment door” for individuals keen to buy property overseas, who can decide how much they want to invest in each project after reviewing all the contract terms and paying the fees online. Membership fees are also linked through the platform’s bank account.
The company announced the launch of the program for investors, starting with record ownership and investment amounts as low as $8,000.
This allows “Virtu” to make a profit for investors and realise net rental income from the units it sells, he said.
Shehata said: “To make the real estate investing experience faster and easier, we have invested our energy and time in developing an operating model that will double the return for investors, and we fully understand all the different ways that can help maximize return on investment. Factors. Investor returns, and from here we start looking at those factors, the most important of which are the acquisition and management of assets.”
“The total value of this project is about $200 million, and so far, $23 million has been invested in 122 projects,” he added.
Gulf Real Estate Group Executive Director Dr Sahar Al Madani said she was delighted to be working with some of the leading real estate companies in the region, especially since Al Hebashi Group has more than 23 companies worldwide.
She said Virtu is one of the best real estate projects for future investments in terms of buying stocks and investing in diversification.
Fadox chief executive Magdy Setih said Virtu offers the advantage of fractional ownership of the project – aimed primarily at small investors with limited capital, and provides them with the opportunity to delve into the experience of investing and owning luxury real estate.
“It is also seen as a low-risk investment, especially in times of crisis, as all information about management and maintenance costs, leasing procedures and investment value is clarified before buying,” explained Sitih.
“Besides that, fractional ownership makes it easier for an investor to diversify his portfolio so he can buy stakes in multiple properties rather than owning one property outright,” he added.
Regarding the future of real estate investing, Hussein Al Taker, founder of Virtu in the UAE, said: “In just a few minutes, you can create an account and choose the content of your portfolio that suits you. You can also pay the price you want to buy stocks online, by placing Your bank account is linked to the platform and you can then see your funds grow through the platform app on your phone.”
“After you make your first investment, you can find a wide range of investment opportunities here that suit your chosen strategy. We will continue to work hard to achieve your expected profits while working to maximise the value of the property in the future, which means Your capital will increase year by year,” he added.-TradeArabia News Service
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