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SmartCrowd Records First Exit with Market-Beating Returns to its Investors
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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. |
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