SmartCrowd Signs Partnership Deal To Crowdfund MAG Properties

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Award-winning platform launches innovative investment opportunities at MAG 5 Dubai South

Dubai, United Arab Emirates: DFSA-regulated property investment and technology platform SmartCrowd, has signed an agreement with MAG Property Development to offer crowdfunding for its portfolio. On the signing of the new partnership, the businesses also announced the launch of crowdfunding for Mag 5 Dubai South on the smartcrowd.ae platform, allowing affordable property investment for everyone.

Talal Al Gaddah, CEO of MAG said, “We welcome the opportunity to present new ways of investing in our property projects. SmartCrowd opens the door for a new wave of investors who want to be part of the success story of Dubai. We look forward to developing a long and fruitful partnership with the SmartCrowd team and offering a selection of exciting property crowdfunding opportunities.”

Siddiq Farid, CEO and co-founder of SmartCrowd said, “We’re delighted to partner with MAG Property Development to add their superior range of properties to the SmartCrowd investment platform. With MAG 5 Dubai South, investors will be able to own an affordable share of real estate from just 5000 dirhams, in one of the most up-and-coming new destinations in Dubai. There is a strong prospect for price appreciation, with Dubai South increasing in popularity as we near Expo 2020 and subsequent construction and infrastructure development set to create an energetic and sought-after community.”

Mag 5 Dubai South is just a few kilometres from the Expo 2020 site, in the new bustling district of Dubai. The residential community consists of 13 buildings, with facilities including jogging tracks, cycling tracks, swimming pools, playgrounds, dining, leisure, entertainment and retail centres.

The area is transforming into a full economic zone to support several commercial and community activities, with accommodation for 1 million residents and more than 500,000 jobs. Over the past 12 months, Dubai South has ranked as one of the top locations for villa/townhouse and apartment sale transactions, indicating the popularity of the area.

About SmartCrowd Limited:

SmartCrowd is an easy-to-use tech platform that provides a smart, low-cost way for people to invest in real estate. The business was established in Dubai in 2017 and quickly attained recognition as the recipient of the Accenture Innovation Award. The business was granted a sandbox license from DFSA in 2018 and was one of the first to graduate to a fully licensed and regulated platform in November 2019. SmartCrowd levels the playing field for investors of all incomes to grow wealth through intelligent property investment. Its highly-secure, trusted and regulated platform enables a borderless marketplace for investors to access opportunities in real estate. With clear, credible fees and pricing, SmartCrowd is committed to providing transparent, affordable property investment for all.

About MAG Lifestyle Development:

MAG Lifestyle Development is part of the Moafaq Al Gaddah (MAG) Group – a multinational conglomerate based in the UAE. MAG Group is one of the largest corporations in the region, maintaining a highly prominent position of leadership among its peers, across the real estate, contracting, engineering, industrial and commercial trading, freight services, and hospitality sectors. Today MAG Lifestyle Development’s interests range from pioneering affordable housing initiatives and high-end luxury developments to bringing wellness-focused living to the UAE.