- Real Share makes real estate investment accessible to all investors, especially first- and small-time investors who wish to earn from rental income remotely through fractional ownership of property
- All homeowners can list their properties for investment opportunities in the Real Share platform. Lootah will initially offer a range of studios, 1 bed, and Villas for sale in JVC
- Lootah’s Living Garden—one of its most sought-after properties in Jumeirah Village Circle that offers state-of-the-art facilities—will be made available on Real Share by the first quarter of 2021
Dubai: As part of its goal to modernize and make real estate investment accessible to average investors, Lootah Real Estate Development (Lootah) has launched Real Share, a robust, technology-powered virtual property platform that allows fractional ownership of properties for as low as AED5,000. The platform aims to innovate the way real estate investment works, create a viable and secure means to facilitate property transactions, and allow foreign and local investors to buy and share real estate interests remotely.
As a virtual investment solution, Real Share offers a simplified, yet safe and affordable channel to purchase, manage, or sell a percentage of a property asset. Real Share will eliminate the roadblocks in the processes involved in owning, managing, and selling real estate properties. In the traditional real-estate processes, when potential clients or buyers want to invest in a property, they go through real-estate brokers or intermediaries. This process entails a considerable amount of time and cost of administrative tasks on both sides of the transaction, as buyers and brokers go back and forth to fulfilling property ownership requirements.
Real Share has partnered with SmartCrowd, the MENA region’s first financially regulated real estate investments platform (REIP), in order to provide an exceptional digital experience to users. SmartCrowd has a full license from the Dubai Financial Services Authority—the independent regulator of financial services based in the Dubai International Financial Centre.
Russell Owen, COO of Lootah, said: “Under this platform, interested investors can simply register, select a pre-vetted property, invest a fraction of the property’s value, and then start earning rental income through dividends equal to their investments. Real Share takes away the barriers in real estate investing by allowing everyone across the globe to have digital onboarding process and self-service features to browse and review properties, as well as monitor investments with ease.”
Data released by the REIP company also showed that they have paid out over AED500,000 in dividends to their investors with annual net returns ranging from 6 percent to 9 percent.
Photo Credit: CM Today