Lootah Real Estate Development (LRED) said its fractional ownership platform has received over 3,000 enquiries since its launch in December, indicating a robust demand for property investment in the UAE.
In line with LRED’s goal of making real estate investment affordable and transparent for everyone, the Real Share platform allows local and international investors to invest as low as AED5,000 ($1361) in a fraction of a property, and enjoy annual returns ranging from 6 to 9 per cent.
According to LRED, the launch of Real Share comes in line with the country’s ‘Invest in Dubai’ initiative, which aims to provide easy and efficient investment options for residents, thereby bolstering the country’s position as a leading global business hub.
Along with the launch of Real Share, it has also begun offering its own properties on the platform - starting with Living Garden project in Jumeirah Village Circle, it added.
Lootah Holding Group CEO Arash Dara 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," noted Dara.
Russell Owen, the chief operating officer of LRED, said that Real Share makes buying, managing and selling real estate properties in Dubai easily accessible at one’s fingertips.
"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," added Owen.-TradeArabia News Service
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