For some time now I have been desperate to share with you a brilliant new company called Smart Crowd. In April 2018 Smart Crowd became the first and only financially-regulated digital investment platform in MENA. They have been operational and opened to public since Jan 2019.
Smart Crowd 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. You can start investing in real estate for as little as AED 20,000 and in some cases even lower.
Their platform provides full transparency and empowers you with independent data and tools to make smart investment decisions.
So why am I so for this new innovation?
Finally, there is a format for First Time Buyers, it has frustrated me for some time that whilst paying rent and living expenses and high LTV mortgages, it is hard for people to get on the property ladder, I really believe that this is a serious contender to solve this problem.
Pension/Savings – Smart Crowd investments gives you a share in a property and with that the rental income and potential rise of appreciation. Even if you are looking to put away for the future and save for the children’s college funds.
Smart Crowd makes it possible for you to put your money to work in real estate while limiting your exposure. You don’t have to allocate lot of capital in one property and increase concentration risk. You can invest as little as AED 20,000 and own a piece of property or make multiple investments of AED 20,000 in various properties building a well-diversified real estate portfolio. All of this done through a hassle-free tech platform that allows you to won Dubai real estate with 5 simple clicks.
They have successfully completed 5 transactions and have been paying regular dividends to their investors. Their existing investors really value the product such that almost every new investment is 60% funded from existing investors. I bet if you try the platform you will become a regular investor.
If above wasn’t enough, for a limited time only, Smart Crowd has agreed to offer all my readers 3 months of free rental income on their latest investment opportunity in The Greens. They really believe it their product and service and really want you to try it out.
The live property on their platform, a one bedroom in an Emaar development community, The Green’s is expected to provide an attractive net yield of 6.54%. With this offer, your investment will earn you a net yield of approximately 8.9%!
On the flip side, if you are a property owner looking to sell please get in contact with me to find out how you can be a part of the Smart Crowd revolution.
Please see further information below and the link to register your interest.
Al Arta 1,
The Greens,
Dubai
OPPORTUNITY
Smart Crowd has managed to secure the acquisition of a rented 1 bedroom apartment in Al Arta 1, The Greens, Dubai. This Unit is currently tenanted under a long-term rental agreement, expiring 24 February 2020, payable in 2 cheques. The current lease represents a gross yield of approximately 9.37%* and net yield of 6.54%*.
PROPERTY
Constructed in 2003, the Greens is one of the first communities developed by Emaar. Split into 5 sections, comprising 10 buildings, the Greens is a pillar community of Dubai, located in the heart of the city. This third floor 1-bedroom apartment provides a double bedroom, living/dining room, a full kitchen including built-in white goods and one bathroom, all of which remain to a good standard, consistent with Emaar properties. The Property comes with views over the lakes and full access to the gym and community pool.
The Service Charge for the unit includes chiller and is approximately AED 16.62 per sq ft or AED 12,291 per annum, equating to 19.2% of gross income.
*Yields are calculated on the property purchase price exclusive of purchase and transaction costs.
INVESTMENT STRENGTHS
The agreed Purchase Price is 2.4% below the Independent Valuation of AED 700,00. The Greens and neighbouring Views are well established, affluent, communities of Dubai. The location has good accessibility to public transport, major transport routes, with limited traffic hot spots. Emaar property with high end finishes and facilities. Views over the neighbouring lakes. The Property is rented until 24 February 2020, payable in 2 cheques. The Tenant has occupied the property since 2015. There are no available land plots for future developments.
Investments from AED25,000