“Prypco Blocks”, the digital platform in Dubai that allows partial ownership of real estate, has achieved a distinguished achievement by successfully completing the financing of the first property through its digital platform, which is located in “Bellevue Towers” in Downtown Dubai.
The successful financing of this property confirms the great confidence placed by investors in both the “collective investment concept” offered by the Brypco platform, and the real estate market in Dubai, where 209 investors distributed over more than 40 nationalities have invested in this property so far, with an average investment of 6,220 Dirhams.
The “Prypco Blocks” platform, founded by Emirate entrepreneur Amira Sajwani, has created a qualitative shift in the real estate market in Dubai, by providing the opportunity for various segments to invest in real estate, with small amounts that are accessible to everyone, and this financing idea is based on dividing the property into small blocks. And not only that, but the platform also takes on all the challenges that an investor might normally face, without bearing any financial consequences, including: identifying the property, Not having a large down payment, completing paperwork, bearing maintenance costs, or renting the property.
To give investors more security and confidence, the “Prypco Blocks” platform is subject to the regulation of the “Dubai Financial Services Authority”, and adheres to the provisions and legislation of this authority to ensure full protection of customer rights, and the investor’s assets are protected through a “special purpose entity” (SPV), which ensures Legal separation from the operational activities of “Prypco Blocks”.
The one-bedroom property in “Bellevue Towers” was selected with great care by a team of experts at “Prypco”, and this residential apartment offers a high annual return of about 8.13%, and an expected return on investment of up to 42% during the period of ownership.
Amira Sajwani said: “I have great confidence that the Prybco platform will become the platform of choice for anyone who wants to invest in the real estate sector, and we are in the process of establishing a special purpose entity and issuing certificates of ownership of individual shares to investors.”
She added: “We are expected to distribute the first rental income by the end of May 2024, and we are also pleased to announce that the second property, which is located in the Business Bay area, is close to receiving 100% full financing.”
As the real estate market in Dubai continues to grow and break more records, the “Prybco Blocks” platform is a smooth and easy gateway to investing in the best rental properties and earning an attractive monthly income for all investors.