SmartCrowd records first exit with market-beating returns to its investors

SmartCrowd records first exit with market-beating returns to its investors

Dubai, United Arab Emirates: SmartCrowd, the MENA region’s first and largest real estate crowdfunding platform, has delivered its investors an impressive 39.25 percent total net return (rental income + capital gains) over a 17-month period, and 27.92 percent return on an annualized basis, after recently exiting a Dubai Marina property investment.

Siddiq Farid, SmartCrowd CEO and Co-founder: The studio apartment in Marina Bay Central, Dubai Marina, was purchased by 53 investors through the SmartCrowd platform for AED 530,000 in February 2021, and sold for AED 780,000 in July 2022, resulting in a 47 percent gross capital appreciation. The property had generated a net income to its investors of AED 74,330, representing a net annualized yield of 10.04 percent, compared to Dubai Marina’s market average of 6.20 percent.

SmartCrowd, the Abu Dhabi-headquartered Hub71 fintech firm, which is registered with the DIFC and regulated by the DFSA, presents a simpler, smarter way to access prime Dubai real estate, allowing everyday investors to diversify their portfolios with ease.

SmartCrowd CEO and Co-founder, Siddiq Farid, says, “The real estate industry remains a tangible and stable asset class in the UAE, and as such, SmartCrowd strives to educate and empower people to invest in real estate to diversify