Konvi, a fractional ownership platform, has made its entry into the UAE real estate market, offering investors an affordable way to participate in the country’s booming luxury property sector. This innovative approach allows investors to own a stake in high-end real estate without the need to purchase an entire property, making it accessible to a broader audience.
With a minimum investment of just €250 (approximately $277), Konvi is breaking down the financial barriers traditionally associated with luxury real estate ownership. The platform partners with experienced industry experts to curate and insure these high-value assets, offering investors potential returns from rental income and future sales after property appreciation.
The UAE’s luxury real estate market continues to thrive, with Dubai and Abu Dhabi seeing significant growth in property values and rental prices. Dubai’s property market has experienced 15 consecutive quarters of home value increases, with a 20 percent surge in the year leading up to May, while rents have risen for 13 consecutive quarters. Similarly, Abu Dhabi’s residential property price index jumped by 7.53 percent in Q1 2024 compared to the previous year.
Driven by strong economic fundamentals, government initiatives, and increasing global investor interest, both cities have shattered transaction records in 2023.
This growth solidifies the UAE’s position as a global hotspot for luxury real estate, offering unique investment opportunities with attractive returns.
Konvi emphasizes that luxury real estate offers strong diversification benefits due to its negative correlation with traditional investments like equities and bonds. By enabling fractional ownership, Konvi allows investors to tap into this lucrative market, which was previously out of reach for many due to the high upfront capital requirements.
Eran Peer, Co-Founder and CEO of Konvi, stated, “The UAE’s real estate market is a goldmine of untapped potential, perfectly suited to Konvi’s groundbreaking fractional investment model. This expansion isn’t just about opening doors, we’re unlocking the future of wealth-building. Investors can now explore our first UAE properties, along with a treasure trove of other exciting luxury investment opportunities on our platform.”
