Konvi : Investors in the UAE can now embark on property ownership journeys with an initial investment as low as $280, thanks to Konvi’s recent expansion into the country’s flourishing real estate market.
Konvi, a platform specializing in fractional ownership, has officially announced its entry into the UAE real estate sector, offering a unique chance for investors to participate in the booming luxury property market.
The concept of fractional ownership enables investors in the UAE to acquire a share in the nation’s real estate without the need to purchase an entire property, making high-value investments more accessible.
Konvi & UAE Real Estate Sector Growth
The UAE’s luxury real estate market is experiencing significant growth, with expectations of continued expansion throughout 2024, despite global property market challenges.
In Dubai, property values have surged, with prices increasing for 15 consecutive quarters and a remarkable 20 percent rise noted up to May this year. Additionally, rents in the city have seen a 13-quarter upward trend.
Similarly, Abu Dhabi has witnessed a 7.53 percent increase in the all-residential property price index in Q1 2024 compared to the previous year.
This growing demand, fueled by strong economic fundamentals, supportive government initiatives, and heightened interest from global investors, has led both Dubai and Abu Dhabi to break transaction records in 2023.
The UAE is rapidly becoming a global hub for luxury real estate investments, offering unmatched potential for substantial returns.
Konvi highlighted that luxury assets, such as real estate, tend to show negative correlation with equities, bonds, and other collectible investments, making them an excellent choice for diversification in an investment portfolio.
However, the high upfront costs associated with these assets have traditionally kept them out of reach for many investors.
Konvi’s innovative fractional ownership model is changing this dynamic by allowing investors to access these premium assets for as little as €250 ($277).
Through partnerships with industry experts, Konvi ensures the curation and insurance of assets, enabling investors to benefit from rental yields and profits from eventual sales after property appreciation.
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.”