Dubai’s property market takes another shot at ‘crowdfunding’ and spending Dh2,000 to ‘own’ a home

Dubai: Dubai’s property market is finally ready to ditch those old concepts of ownership.

Investors and developers are now veering towards allowing multiple investors to take up part-ownership in a property rather than wait around for a single investors to buy the whole unit. On Monday, Lootah Real Estate Development confirmed it will be introducing ‘crowdfunding’ at its Jumeirah Village Circle (JVC) project, where an owner can pick up part stake in a unit for as low as Dh5,000.

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