Shard, a new Dubai-based real estate platform, is offering a novel approach to property investment. This innovative model allows up to eight investors to jointly own a single property, with each investor’s name reflected on the title deed.
Benefits of Shard’s Co-Ownership Model:
- Accessibility: Shard lowers the entry point for investors, enabling them to participate in the Dubai property market at a fraction of the cost of sole ownership.
- Shared Ownership: Up to eight investors can co-own a property, spreading financial responsibility and potentially increasing rental income opportunities.
- Streamlined Management: Shard handles all property management aspects, including scheduling stays and maintenance, ensuring a hassle-free experience for investors.
Investment Highlights:
- Minimum investment of Dh200,000 for a 1/8th ownership share.
- Transparent pricing includes all associated fees and costs.
- Secure and documented ownership with each investor’s name on the title deed.
Shard’s launch coincides with an evolving real estate landscape in Dubai. While the Golden Visa program (incentivizing property investment) remains popular, co-ownership offers a strategic solution for investors seeking to manage their exposure in the market while still participating in its potential growth. Shard caters to this trend by offering a fractional ownership experience, allowing investors to own a share of a property at a more manageable price point.
Shard promotes transparency throughout the investment process. The platform takes care of all related costs, including Dubai Land Department (DLD) fees, legal fees, property furnishing, and commissions. Investors can secure their spot with a refundable deposit and the remaining balance is only due once sufficient interest is garnered for a specific property.
In essence, Shard offers a streamlined and cost-effective path to shared ownership of Dubai’s premium real estate.
Published on: Jun 25, 2024
Source: https://gulfnews.com/business/property/new-dubai-property-platform-shard-allows-up-to-8-investors-to-co-own-a-home-1.1719294315523