Now you can also invest like the wealthy and build a diversified portfolio of income-generating real estate!!
SmartCrowd Limited, an award-winning Dubai-based company and MENA’s first financially regulated real estate investment platform (REIP), is disrupting the real estate investment world by making it affordable and transparent for all. The company is regulated by the Dubai Financial Services Authority (DFSA), the independent regulator of financial services based in the Dubai International Financial Centre (DIFC).
Founded in 2017 by Siddiq Farid and Musfique Ahmed, SmartCrowd uses a crowdfunding model to democratize real estate for the average investor through “fractional ownership” of properties. SmartCrowd’s innovative digital platform allows individuals to invest in residential properties for as low as AED 5,000 (USD 1400) without any debt or obligations, thereby reducing barriers to an asset class that was out of reach for many.
Buying, owning, managing, and selling an investment property is a lot of work. Especially when what you’re really after is earning rental income and the upside potential of owning property. SmartCrowd aims to change that by allowing you to benefit from property ownership without the hassle of managing it.
The process is simple. An interested investor needs to register with SmartCrowd, select a pre-vetted investment property, and invest a fraction of the property’s value. After the investment is made, the investor starts earning rental income in dividends proportionate to his/her investment. SmartCrowd takes the hassle out of real estate investing, making it easier, faster, and more transparent than current alternatives.
The digital platform qualifies investment opportunities and presents all relevant market data allowing individuals to make informed investment decisions. An independent valuation further supports the data. The platform aims to make real estate more accessible to all while providing all valuable information in one place, enabling digital transactions from the convenience of your device and removing the stress of managing the property. The full turnkey experience is a game-changer for people looking to park capital in real estate. With their platform, you can invest in multiple properties, diversifying your exposure rather than investing in a single unit.
The company has completed approximately AED 11 million in transactions with individual investments ranging from AED 5,000 to AED125,000 ($1,400 – $34,000). They have already paid out over AED 500,000 in dividends to their investors, with annual net returns ranging from 6% to 9%.
Commenting on the announcement, Sharif El-Badawi, Managing Partner at 500 Startups, MENA said:
Since its inception, SmartCrowd has received numerous awards for its innovative solution and been accepted to notable incubator and accelerator programs. Some of these accolades include winning Accenture’s Innovation Award at GITEX 2017, which helped the team secure a spot in the DIFC FinTech Hive’s inaugural batch; winning the Sharjah Entrepreneurship Festival competition resulting in a place at Sharjah Entrepreneurship Centre (Sheraa’s) incubator program; winning the UAE Seedstar contest; participant of the Mohammed Bin Rashid Innovation Fund (MBRIF) accelerator program, winning FinTech of the Year by Arabian Business and most recently, being accepted in the HUB 71 ecosystem.
SmartCrowd is a digital real estate investment platform which provides the opportunity to buy and sell shares in properties, reducing barriers to entry to low-middle income households to build financial assets and generate investment income. SmartCrowd caters to most people who find it hard to get on the property ladder to build a diversified portfolio and “unlock their wealth potential”.
In April 2018 SmartCrowd became the first and only financially-regulated digital investment platform in MENA. SmartCrowd Holdings Ltd. (SmartCrowd) is regulated by the DFSA. We provide users with active share management, transparency in their property investment, low investment cost and very low minimum investment levels.
SmartCrowd was part of the region’s only fintech accelerator, DIFC’s Fintech Hive, and has won numerous awards including Accenture Innovation Award at GITEX 2017, Sharjah Entrepreneurship Festival Pitch competition, and Smart Dubai’s Global Blockchain challenge. Recently, SmartCrowd joined the HUB 71 ecosystem sponsored by Mubadala .
. REIDIN: Dubai Residential Sales Price Data 2011 – 2019
. REIDIN: Dubai Residential Gross Yield Data 2019
. Total of Dubai Annualised Capital Appreciation and Average Gross Yield Per Annum.
RISK WARNING: Investments in property and unlisted shares carry a risk. Your capital may be at risk and you may not receive the anticipated returns. This is not investment advice. These estimates are based on past performance and current market condition which cannot be regarded as an accurate indicator of future results. You should do your own due diligence or consult with an independent third party advisor. Please review the full set of risk disclosure.
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DIFC, Dubai, UAE
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