Abu Dhabi introduces its first crowdfunded real estate project through SmartCrowd on Yas Island, marking significant progress for local investors seeking diversified opportunities beyond Dubai.
Abu Dhabi has set a new precedent by introducing the capital's first-ever crowdfunded real estate project, marking a significant development for investors eager to explore opportunities beyond Dubai. This landmark venture involves a premium studio apartment on Yas Island, valued at AED1.2 million ($327,000), offering scenic views of both the canal and pool.
This milestone is facilitated by SmartCrowd, the region’s inaugural regulated real estate crowdfunding platform, as it extends its reach into Abu Dhabi. By doing so, SmartCrowd allows investors to engage with Abu Dhabi's dynamic and rapidly evolving property market through fractional ownership.
Crowdfunded Real Estate in Abu Dhabi
Ammar Malhi, Chief Operating Officer at SmartCrowd, emphasized the significance of this expansion: "Abu Dhabi represents the next chapter in the UAE’s property evolution. It blends cultural heritage with modern ambition and continues to inspire confidence among investors." The platform now provides everyday investors a gateway to partake in this burgeoning growth story.
The emirate's real estate sector is witnessing a powerful transformation fueled by strategic urban planning and extensive developments. The presence of iconic destinations like Yas Bay, Saadiyat Island, and Al Reem Island further enhance its appeal alongside cultural landmarks such as Louvre Abu Dhabi and Warner Bros. World.
Exciting future projects like Disney World and Guggenheim are expected to elevate Abu Dhabi's international stature and draw substantial long-term investment. Underlined by clear governmental vision and sustainable growth strategies, Abu Dhabi stands out as one of the region’s most secure and investor-friendly real estate markets.
SmartCrowd Strategy
Since its inception, SmartCrowd has revolutionized access to property investments across the UAE, managing over AED290 million ($79 million) in Dubai property investments while expanding its investor base throughout GCC countries and beyond.
With initial investments beginning at AED500 ($136), SmartCrowd offers individuals an opportunity to acquire fractional ownership in carefully vetted properties without necessitating substantial financial commitments. Each listing undergoes stringent evaluation based on value, location, and income potential.
Additionally, SmartCrowd introduced "SmartCrowd Flip," allowing users to engage in short-term projects aimed at quick capital appreciation.
Abu Dhabi Property Launch
This debut marks an important achievement for SmartCrowd as it becomes the pioneering platform to list crowdfunded properties in Abu Dhabi. It presents investors with fresh opportunities to diversify portfolios across multiple emirates through one regulated digital platform.
Riz Ahmed, CEO of SmartCrowd expressed: "This milestone reflects our commitment to democratizing real estate investment across the UAE. Our journey begins with Abu Dhabi; we intend to continue unveiling properties from other emirates so investors can diversify their holdings and share in the UAE’s ongoing success through one streamlined platform."
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