Lootah launches platform for investors to buy property share

UAE-based Lootah Real Estate Development has announced the launch of a robust, technology-powered virtual property platform, Real Share, that allows fractional ownership of properties for as low as AED5,000 ($1361).  

The platform aims to innovate the way real estate investment works, create a viable and secure means to facilitate property transactions, and allow foreign and local investors to buy and share real estate interests remotely, said the developer in a statement. 

Real Share is the brainchild of Lootah’s mission to create a simple, document light, and low-cost online platform to provide investors the right access to Dubai’s residential property market, it stated. 

 As a virtual investment solution, Real Share offers a simplified, yet safe and affordable channel to purchase, manage, or sell a percentage of a property asset, it added.

Real Share has partnered with SmartCrowd, the region’s first financially regulated real estate investments platform (REIP), in order to provide an exceptional digital experience to users. SmartCrowd has a full licence from the Dubai Financial Services Authority—the independent regulator of financial services based in the Dubai International Financial Centre.

Source – Tech Arabia

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