The fractional ownership platform of Dubai-based Lootah Real Estate Development (LRED) has received over 3,000 enquiries since its launch in December, suggesting a robust demand for property investment in the UAE.
The Real Share platform allows local and international investors to invest as little as AED5,000 in a part of a property, according to LRED.
Along with the launch of Real Share, LRED has begun offering its own properties on the platform — starting with Living Garden in Jumeirah Village Circle.
The launch of Real Share comes in line with the country’s Invest in Dubai initiative, which aims to provide investment options for residents.
Arash Dara, group CEO of Lootah Holding, said: “The surge of interest in Real Share affirms our commitment to help investors, especially the first-time ones, to penetrate Dubai’s property market.
“It has been met with enthusiasm from investors of all sizes because it addresses the major roadblocks in real estate investing such as securing substantial down payment and sizable monthly mortgages. With this platform, anyone now has a chance to invest in a tangible asset that has potential for significant appreciation and benefit from a passive income stream.”
Russell Owen, COO of LRED, added: “Real Share helps investors benefit from property ownership with less capital involved, and without having to face the difficulty of actually managing it—reducing barriers to real estate investing, which is sometimes out of reach for many.
“In addition, the platform is open to all homeowners who would like to list their properties for investment opportunities,” Owen added.
Russell Owen, COO of Dubai-based Lootah Real Estate Development (LRED).
According to LRED, the recovery of the UAE real estate market will be fuelled by the country’s series of game-changing initiatives.
These include the immigration and regulatory amendments, changes in full company ownership laws and the higher appetite from Dubai renters to become homeowners.
In addition, the extensive national vaccination programme as well as the upcoming Expo 2020 Dubai are expected too play a vital role in helping the property industry gain a competitive edge this year.
Since inception, LRED, the real estate development arm of Lootah Holding, has delivered more than 1,000 units with more in the pipeline.
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