Photo - Co-Own
play_arrow
View
58252

Co-Own

Digital real estate investment platform for Co-ownership

UAE
Market: Real estate, Financial services
Stage of the project: Prototype or product is ready

Date of last change: 24.08.2022
Go to the owner's profile
2
equalizer from 2000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:
 

Idea

Digital real estate investment platform for Co-ownership in hospitality real estate assets.
Building a digital, integrated and regulated investment model, through FinTech and PropTech.

Current Status

The platform is ready with an integrated workflow for:
Sourcing properties
Selection of investment
Investment analysis and
Offer stage

Recorded first users of the platform and regular organic traffic on the web page.
Established contracts with brokers and developers in the market.
Waiting for regulatory approvals on the business model.

Market

For investors looking to maximize their exposure and gain returns from an alternative real estate asset class, we are providing MENA region first dedicated digital platform, for listing investment opportunities in hospitality real estate assets.
Knight Frank’s recent research showed that there are more than 500 branded residences across the world, with several hundred more in the pipeline, the majority of which are hotel branded.
In a separate report by Savills in Nov 2021, has revealed that the last ten years has seen the number of branded residences increase by 230%, adding more than 50,000 units across 356 schemes around the world.

Problem or Opportunity

Low visibility of hospitality real estate assets investment opportunities. Unqualified leads on property listings portals.
Endless offline, back and forth interactions
Limited access for investors to high quality investment opportunities
Uninformed investment decisions. Lack of financial literacy of market players.
High entry capital requirement. High fees.

Tapping a market of 5.9 billion AED in buy-sell transactions value, with hotel rooms and hotel apartments units, recorded in 2021 in Dubai alone.
Dubai has more than 140k hotel and hotel apartments rooms supply and is a global leader in the branded residences market rivaling Miami and New York for completed and pipeline projects according with Kinght Frank ME latest report (May 2022)

Solution (product or service)

Integrated digital real estate investment platform, for co-ownership in hospitality real estate assets, through fractional title deed.
Investors will be able to Source, Transact, Earn passive income and track performance of his portfolio.

SOURCE – TRANSACT - EARN​
HOTEL​, CONDO HOTEL UNITS​, HOTEL APARTMENT​, BRANDED RESIDENCES/SERVICED APARTMENTS​
Creating value for Buyers - Sourcing, Deal Flow, Closing, Ownership management
Creating value for Sellers - Listing, Marketing, Deal Flow, Closing & Post Transaction

Competitors

This will be the first and only property investments marketplace in Middle East, specifically designed for transactions with real estate hospitality assets.
There are 2 more operating property investment platforms based in Dubai, but on crowdfunding model.
Other real estate investment platform models from USA are:
https://www.roofstock.com/
https://www.crowdstreet.com/
https://www.ten-x.com/commercial/

Advantages or differentiators

Specific asset class
Digital transactional process
Fractional ownership model with issuance of Title Deed on the portion of the property owned
Owners Management Module
Market data and financials driven investment decision

Finance

A market of 5.9 billion AED in 2021, in buy-sell transactions value for these type of assets in Dubai alone. We can capture 10% of this market in the first year through partnerships with brokers, existing owners and developers.
The Real Estate Agency commission normally is 2% of the property sale value, which equals to 11.8 million AED (3.2 mil USD) that would translate in to our revenues for transactions, from the direct issuance of fractional title deed.
Besides that, a 0.5 % AUM fee which would equate to 2.9 million AED (800k USD) as revenues

Invested in previous rounds, $

Business model

Transaction commission - Commission percentage fee for realized transactions on individual units
Cost of Capital - For large assets acquisitions we will charge a fee to sponsors for raising funds for project on to the platform
Software SAS - Owners Management Module SaaS subscription to sponsors
AUM fee - Applied yearly on individual investors portfolio value

Money will be spent on

Technology Product development
Marketing
Running costs

Offer for investor

Flexible to negotiate a win-win solution taking in to consideration the early stage of the company and potential growth of the company and the partnership.

Risks

Hospitality market performance in general is exposed to events like pandemics/travel restrictions, oversupply in the market, economic cycle and destination seasonality.

Incubation/Acceleration programs accomplishment

Applied for DIFC Fintech Hive Accelerator program and Flat6Labs Ignite - AD Fall 2022 Cycle

Won the competition and other awards

With the participation in the above programs will be able to secure the exposure and recognition.

Photos

Photo 1 - Digital real estate investment platform for Co-ownership
5,00
1
2
3
4
5
2 voices
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility441
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
Like
Unlike
Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation