Customers can now co-own an Ellington Properties’ home in Dubai through SmartCrowd

SourceGulf Business
SectorReal Estate

Dubai-based property developer Ellington Properties has launched its apartments on SmartCrowd, the first regulated online real estate investment platform. , enabling customers to co-own residential properties. Customers in Dubai can now co-own residential properties and earn healthy returns on their investments – which could be as low as Dhs5,000 – on the SmartCrowd platform. Ellington Properties has already marked the sale of the first apartment at its Eaton Place development on SmartCrowd, which it had listed at the end of August.

The property, located in Jumeirah Village Circle, was fully funded within one month of its listing, and investors are to start receiving their share of return in October 2020. “In the new reality, we look at new ways to create value for our investors,” opines Robert Booth, managing director at Ellington Properties. “Crowdfunding more...