Title: Bringing Crypto-inspired Fractional Ownership to Real Estate Post by: ShardHomes on September 05, 2024, 09:19:51 AM Hey crypto fellas,
I want to introduce you to a new real estate co-ownership platform called Shard. As cryptocurrency enthusiasts, you're familiar with concepts of fractional ownership and alternative investment models. I thought this might be an interesting topic to share here and get your opinions on. What is Shard? Shard (https://shardhomes.com/?utm_source=bitcointalk) is a real estate co-ownership platform based in Dubai that allows you to own a share of a premium holiday home. It's like owning tokens of a high-value asset, but with real estate! https://i.ibb.co/9pcHjz3/Screenshot-2024-09-05-at-11-41-07-AM.png (https://shardhomes.com/?utm_source=bitcointalk) Key Features: - Own 1/8 share of a prime holiday home - Your name on the title deed - Fully managed properties - Option to use or rent out your share - Starting at just 240,000 AED (approximately BTC1) Why Shard's model of ownership: 1. Accessibility: Lower entry point to premium real estate 2. Diversification: Spread your investment across multiple properties 3. Hassle-free: Professionally managed properties 4. Potential High ROI: Double-digit annual returns through appreciation and rental yield How Shard Compares to Traditional Real Estate Investment:
Why Dubai? Dubai's real estate market is booming, with strong price appreciation and high rental yields. Shard's algorithm selects only the top 1% of prime holiday homes, ensuring strong returns. How It Works: 1. Choose your preferred property 2. Purchase your 1/8 share 3. Your name goes on the title deed 4. Enjoy your property and/or earn rental income 5. Benefit from potential appreciation, with an option to sell any time Is This the Future of Real Estate Ownership? Just as blockchain has greatly impacted finance, Shard is changing how we think about property ownership. It's bringing liquidity, accessibility, and flexibility to an traditionally less liquid asset class. Questions for the Community: - How do you see this model comparing to REITs or traditional real estate investments? - Could this concept be further enhanced with blockchain technology? - What potential challenges do you foresee with this co-ownership model? I'm excited to hear your thoughts and discuss this innovative approach to real estate investment. Let's explore how concepts from the crypto world are reshaping traditional markets! Disclaimer: This post is for informational purposes only. Please do your own research before making any investment decisions. Title: Re: Bringing Crypto-inspired Fractional Ownership to Real Estate Post by: Vod on September 06, 2024, 08:17:42 PM Convert your background into a jpg and reduce the load times by 5!
The reason you can sell this is the government is massively scaling down their infrastructure plans, and these plots are not maintained by the government anymore. Not a good investment if you enjoy drinking water every day. Title: Re: Bringing Crypto-inspired Fractional Ownership to Real Estate Post by: Ikaklo on September 09, 2024, 05:31:33 AM How do the owners decide who will use the property for certain dates? and who deals with maintenance?
Title: Re: Bringing Crypto-inspired Fractional Ownership to Real Estate Post by: Joel_Jantsen on September 09, 2024, 07:15:37 PM This is a very flawed way to own a real estate. Can a property be legally owned by 8 people at the same time? There will be a lot of clauses and preferences as every owner would want things differently. Even if you own a very premium property, you will be dissatisfied emotionally as you won't have any real access to it. People buying it for investment purposes rather invest in something else considering the dividends that come off rent, Airbnb would still be divided amongst 8 people which is comparatively less.
On an unrelated note: You don't need a team of 12 highly experienced people to scale something like this. You've a head of tech for what? A single-page website? Some investor behind the screen is bleeding so much money unnecessary :'( Title: Re: Bringing Crypto-inspired Fractional Ownership to Real Estate Post by: hugeblack on September 10, 2024, 08:10:37 AM Bitcoin is not legally recognized in Dubai, it is legal in the free zone but it is not a payment tool for buying properties in Dubai.
Also the property laws and voting in favor of selling or buying the property will be a problem especially when you are talking about 1 for every 8 votes. Who is your legal representative here? I live near Dubai and I can verify this information. Title: Re: Bringing Crypto-inspired Fractional Ownership to Real Estate Post by: ShardHomes on September 10, 2024, 10:29:54 AM This is a very flawed way to own a real estate. Can a property be legally owned by 8 people at the same time? There will be a lot of clauses and preferences as every owner would want things differently. Even if you own a very premium property, you will be dissatisfied emotionally as you won't have any real access to it. People buying it for investment purposes rather invest in something else considering the dividends that come off rent, Airbnb would still be divided amongst 8 people which is comparatively less. On an unrelated note: You don't need a team of 12 highly experienced people to scale something like this. You've a head of tech for what? A single-page website? Some investor behind the screen is bleeding so much money unnecessary :'( Hi Joel, Thank you for sharing your thoughts. I appreciate your concerns and would like to address them point by point:
Title: Re: Bringing Crypto-inspired Fractional Ownership to Real Estate Post by: Vod on September 10, 2024, 10:31:27 AM
OP - please reach out to hugeblack; his verification will boost your credibility and success. Title: Re: Bringing Crypto-inspired Fractional Ownership to Real Estate Post by: ShardHomes on September 10, 2024, 10:45:16 AM Bitcoin is not legally recognized in Dubai, it is legal in the free zone but it is not a payment tool for buying properties in Dubai. Also the property laws and voting in favor of selling or buying the property will be a problem especially when you are talking about 1 for every 8 votes. Who is your legal representative here? I live near Dubai and I can verify this information. Hi there! Thank you for bringing that up. I will try to answer them as best as I can. Regarding property laws and voting: I apologize if there was any confusion, but I'd like to clarify that there's no voting process involved in an individual owner's decision to sell their share. As a true owner on the title deed, you have full control over your share. Here are the options available when you want to sell:
This system ensures that individual owners have flexibility and control over their investment without requiring consensus from other co-owners for a sale. Regarding legal representation: Shard operates in full compliance with Dubai's real estate laws and regulations. We are regulated by the Dubai Land Department and RERA. If you have specific legal questions, we'd be happy to provide more detailed information. We appreciate your interest in verifying information, as transparency is very important to us. If you have any other questions or would like more detailed information about any aspect of our operations, please don't hesitate to share.[/quote] |