Crowd-funding property website launches in Dubai

The site cost more than US$1 million to set up and will target getting listings in all of the G20 nations over the coming six months.

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Dubai’s first crowdfunding website aimed at real estate was launched at Cityscape Global.

Realopedia, a specialist real estate website where brokers and developers can list theirprogrammes, went live this week in London, New York, Dubai and Egypt.

Set up by three entrepreneurs based in Dubai and the United States and employing a team of 30, a crowdfunding section of the website managed by the US team is due to go live by the end of the year.

The company said that the site cost more than US$1 million to set up and will target getting listings in all of the G20 nations over the coming six months.

“The UAE currently has no crowdfunding websites aimed at the real estate market,” said the Realopedia chief executive Laura Choueri.

“There are 3.5 billion internet users around the world and our research suggests that seven out of 10 of those use the internet to look at real-estate investments.

“Realopedia enables end users to penetrate global markets, find different market opportunities in developed and emerging markets, link to real estate industry professionals with extensive industry experience and gain exposure.”

The Arabic version of the Realopedia portal will be available next year.

lbarnard@thenational.ae

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