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What you need to know before registering a company in the UAE
Company Registration
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What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## Record-Breaking Offer
SmartCrowd, a pioneering digital real estate investment platform in the MENA region, has accepted a record-breaking offer of Dh19.3 million for a five-bedroom villa in Sidra 3, Dubai Hills Estate. This offer surpasses the previous community record by 31% and was made even before the renovation of the villa was completed.
## Innovative Investment Strategy
The villa is part of SmartCrowd's Flip investment strategy, which focuses on acquiring undervalued properties, renovating them, and then reselling them at a profit. This approach has previously resulted in a successful sale at Canal Cove on Palm Jumeirah, where a property was sold for Dh24 million, setting a new community record.
## Renovation and Transformation
The villa was initially purchased for Dh12 million, identified as an undervalued asset with potential. SmartCrowd, in collaboration with Malek Project Developments and Amico Design Company, is transforming the property into a luxury home. The renovation includes a complete redesign of the layout and interiors, aiming to create a distinctive and high-quality living space.
## Market Impact
The significant increase in the villa's value highlights the strong demand for unique, thoughtfully renovated properties in Dubai's luxury market. SmartCrowd's CEO, Riz Ahmed, emphasized the importance of quality design and execution in achieving such results. The company's Flip strategy has consistently delivered high returns, with an average net ROI of 28% over 15 months.
## Future Prospects
The final unveiling of the villa is anticipated to set a new standard for luxury homes in the area. SmartCrowd continues to focus on identifying and transforming overlooked properties, creating unique homes that stand out in the market.
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