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Siddiq Farid, co-founder and CEO of SmartCrowd
Real estate crowdfunding platform SmartCrowd stated that demand for property in Dubai is at an all-time high.
According to a press statement, SmartCrowd, a DFSA-regulated business, sold a studio property in Dubai Silicon Oasis in just two hours, demonstrating the high demand amongst its community of investors.
Siddiq Farid, co-founder and CEO of SmartCrowd, said, “Regional and international investors have a real appetite for Dubai property now. Expo2020 has raised the profile of Dubai amongst foreign investors and with savvy local and expat buyers in the market too, demand is strong. Over the past quarter, we have seen an almost 50 per cent uptick in people registering on SmartCrowd and properties listed on the platform are selling in a matter of hours.”
The press release added that SmartCrowd has a 100 per cent success rate in selling all properties listed on its platform, helping agents across the region close more than 55 properties.
“The average end-to-end transaction cycle is as little as three to five weeks – significantly faster than standard mortgage transactions,” it stated.
SmartCrowd demand for Dubai properties
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