UAE’s leading real estate developer, Lootah Real Estate Development has launched an innovative technology-powered property platform, Real Share which enables fractional ownership of properties for as low as $1361.
In line with the company’s vision to modernize and make real estate investment accessible to average investors, the Real Share platform will facilitate property transactions and allow foreign and local investors to buy and share real estate interests remotely with small investments.
The Real Share comes solely from Lootah’s goal to build a simple, document light and low-cost online platform to offer investors the right access to Dubai’s residential property market by providing a simplified, secure and affordable medium to purchase, manage or sell a percentage of a property asset.
In the conventional real-estate market buying or selling property is a complicated process and it involves a considerable amount of time and cost on both sides of the transaction.
“Whilst real estate is a superior kind of investment because of its tangible asset, passive income stream, and the potential for substantial appreciation, a lot of people find it difficult to invest in the property market because of the substantial amount of money that they have to put down for a deposit. With Real Share, investors of any size can now access the real estate market.”
The platform has been initiated with an aim to help foreign and local investors, particularly the first-time and small investors who wish to earn from rental income remotely. With Real Share, the clients can diversify their investment portfolio with small amounts rather than focusing on a single property alone.
To further strengthen the digital experience of clients Real Share has partnered with SmartCrowd, the MENA region’s first financially regulated real estate investments platform (REIP). SmartCrowd has a full license from the Dubai Financial Services Authority, the independent regulator of financial services based in the Dubai International Financial Centre.
How it works
The operating principle of Real Share is very simple, first, the interested investors have to register in the platform, then select a pre-vetted property and invest a fraction of the property’s value, after which the client can 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,” says Russell Owen, COO of Lootah.
The Real Share allows all homeowners to list their properties for investment opportunities. By now Lootah has made available its prestigious property in Jumeirah Village Circle-The Waves in the platform.
By the first quarter of 2021, the developer plans to add their most sought-after property in Jumeirah Village Circle, Lootah’s Living Garden in the Real Share platform.