In Dubai, besides buying a property, selling it is not easy either. Selling a property is a big decision and
Recently, SmartCrowd has successfully concluded its first secondary market transfer facility.
It is our intention to provide this facility periodically to Clients who have already invested via the SmartCrowd platform, whereby Clients may transfer or “sell” their units representing fractional ownership of investment properties to other SmartCrowd Clients, who are already Investors on the SmartCrowd platform.
SmartCrowd intends to make a secondary market transfer facility available to Clients approximately every 6 months, which will allow selling investors the opportunity to exit their initial investments, and for buying Clients, the opportunity to obtain more fractional ownership units in the property they already own, and/or units in erstwhile ‘sold out’ properties, to enable them to further diversify their property investment portfolio.
SmartCrowd does not charge any additional fees in providing this facility other than the usual 1.5% investment fee to buyers and 2.5% selling fee that normally applies to all primary transactions on the SmartCrowd platform.
Please note that periodical secondary market transfers of units representing fractional property ownership, should not be confused with secondary market trading usually associated with OTC securities products.