UAE based real estate crowdfunding platform SmartCrowd, plans to launch a premium service aimed at high-net-worth individuals.
The Dubai Financial Services Authority-regulated platform provides users with a low-cost way to invest in real estate, with entry prices starting at AED500 ($136). Smartcrowd's new premium service is aimed at high-net-worth and ultra-high-net-worth individuals in the Gulf Cooperation Council (GCC). The service will provide enhanced portfolio management, a dedicated relationship manager, and lower average fees. According to the company, all properties listed on their service are screened and have returned 40 to 50% higher rental yields than the market average. The platform has distributed over AED1.5 million ($408,000) in rental income to investors so far. SmartCrowd accepts investors from all over the world.