Latest news with #AmiraSajwani
Khaleej Times
30 minutes ago
- Business
- Khaleej Times
Dubai property ownership from Dh2,000: More tokenised units soon as first ones sold out
Developers across Dubai can now list their properties for tokenisation on Prypco Mint — the MENA region's first real estate tokenisation platform launched in collaboration with the Dubai Land Department (DLD) and other regulatory bodies, according to Amira Sajwani, founder and CEO of Prypco. 'Properties from all developers are welcome. As long as a unit offers strong value to our investors, we're happy to list it,' Sajwani told Khaleej Times in an interview. The platform's first listed property — a two-bedroom apartment in Damac Prive Tower in Business Bay — was fully funded within a day. It drew 224 investors from over 40 nationalities, with the average investment being Dh10,714. Prypco Mint enables fractional ownership of premium Dubai real estate through blockchain-based tokens, with investments starting as low as Dh2,000. Prypco Mint is a joint initiative by Prypco and the Dubai Land Department, licensed by the Virtual Assets Regulatory Authority (Vara), and backed by Zand Bank as its strategic banking partner. Following the platform's strong debut, multiple developers — including those outside Damac — have shown interest in listing their properties. 'We're open to properties from any developer, as long as the unit provides solid value. Since we're in the pilot phase, we need to take measured steps to ensure everything works smoothly,' Sajwani said. The Dubai Land Department also issued the world's first Property Token Ownership Certificate on Thursday, marking the official sale of the inaugural tokenised real estate asset on Prypco Mint. Interest in the platform remains high, with over 6,000 people on the waitlist. Below market value to attract investors Amira revealed that the first listed unit was priced below market value to encourage participation and test investor appetite. 'The market price was around Dh3 million, but we offered it for Dh2.4 million. It gave investors immediate upside and strong rental yield, making it an attractive starting point,' she explained. She added that tokenised real estate appeals to many investors who prefer to start small — sometimes with as little as Dh2,000 — without taking on debt. Participation is currently limited to UAE residents, but the platform plans to open up to international investors in the future. Indian investors lead the way 'We launched the project to test the waters, and the response was phenomenal. On launch day, our website received 3.6 million visits. We had overwhelming traffic, and people continue to ask when the next property will be listed,' Sajwani noted. Investors ranged widely in profile, contributing anywhere from Dh2,000 to Dh250,000 toward the Dh2.4 million property. Indian residents topped the list of investors, followed by UAE nationals. Competitive returns Sajwani, who also serves as managing director of Damac Properties and COO of Amali Properties, emphasised that returns on tokenised investments are on par with traditional real estate purchases. 'Rental yields in Dubai typically range from 5 to 7 percent, depending on location and the potential for capital appreciation. It's the same with tokenised properties—you're just investing alongside other individuals,' she explained. When asked about introducing off-plan projects to the platform, Sajwani declined to comment, noting that such decisions are subject to government approval.
Zawya
4 days ago
- Business
- Zawya
PRYPCO Mint's first tokenised property fully funded in just one day
Dubai, UAE: Following its landmark launch, PRYPCO Mint, the MENA region's first tokenised real estate investment platform, has achieved a major milestone as its first property listing has been fully funded in just one day, setting a regional benchmark for speed, demand, and investor confidence. Launched by PRYPCO in strategic partnership with the Dubai Land Department (DLD), licensed by the Virtual Assets Regulatory Authority (VARA), and supported by Zand Bank as the strategic banking partner, PRYPCO Mint enables fractional investment in premium Dubai properties through blockchain-based tokens starting from just AED 2,000. The fully funded property attracted 224 investors from over 40 nationalities, with an average investment amount of AED 10,714, underscoring the platform's wide appeal and the growing appetite for accessible, tech-enabled real estate opportunities in the region. Amira Sajwani, Founder and CEO of PRYPCO, commented on the milestone, 'This milestone is a powerful validation of our vision. From the outset, PRYPCO Mint was built to redefine access to real estate, making it more inclusive, transparent, and efficient. To see our first property fully funded in just a day reflects not only the strength of the concept but also a clear market demand for smarter, more accessible investment solutions. It's a strong step forward in enabling Real Estate Freedom for all.' Built on Ctrl Alt's Web3 infrastructure, and backed by the Dubai Future Foundation, PRYPCO Mint converts tangible real estate assets into secure, digital tokens, each linked to a legally recognised Property Token Ownership Certificate issued by the DLD. This grants investors the same rights as traditional property ownership with none of the associated administrative burden, while enjoying benefits such as rental income, capital appreciation, and liquidity. The success of this first property listing reflects Dubai's commitment to becoming a global pioneer in tokenised real estate, in line with strategic initiatives including the Real Estate Evolution Strategy (REES), Dubai Economic Agenda (D33), and the Dubai Real Estate Strategy 2033, all of which aim to double the size of the city's economy and enhance transparency and investment accessibility. PRYPCO Mint is currently available exclusively to Emirates ID holders, with plans to open the platform to global investors in the coming months, reaffirming Dubai's status as the epicentre of blockchain-powered real estate innovation. About PRYPCO PRYPCO is a next-generation proptech company revolutionising the real estate landscape. Led by Amira Sajwani, PRYPCO delivers a range of innovative solutions, including PRYPCO Golden Visa, PRYPCO Mortgage, PRYPCO Blocks for fractional ownership, PRYPCO One for agents, and the recently launched PRYPCO Mint—the region's first tokenised real estate platform. Rooted in the spirit of Dubai's ambition, PRYPCO is driving the future of real estate, helping position the city as a global leader in innovation and opportunity.
Khaleej Times
4 days ago
- Business
- Khaleej Times
Dubai's first tokenised property fully funded within a day
Dubai's first tokenised property has been fully funded within a day, reflecting exceptionally strong demand from small investors. The property attracted 224 investors from over 40 nationalities, with an average investment amount of Dh10,714. On May 25, the Dubai Land Department (DLD) launched the region's first tokenised real estate investment project through the 'Prypco Mint' platform in collaboration with the Virtual Assets Regulatory Authority (Vara), the Central Bank of the UAE, the Dubai Future Foundation (DFF) through the Real Estate Sandbox. Launched by Prypco, the platform allows fractional investment in premium Dubai properties through blockchain-based tokens starting from just Dh2,000. "To see our first property fully funded in just a day reflects not only the strength of the concept but also a clear market demand for smarter, more accessible investment solutions. It's a strong step forward in enabling Real Estate Freedom for all," said Amira Sajwani, founder and CEO of Prypco. Benefits of buying tokenised property Built on Ctrl Alt's Web3 infrastructure, the platform converts tangible real estate assets into secure, digital tokens, each linked to a legally recognised Property Token Ownership Certificate issued by the DLD. This grants investors the same rights as traditional property ownership with none of the associated administrative burden while enjoying benefits such as rental income, capital appreciation, and liquidity. Currently, people with Emirates ID can invest in tokenized real estate projects only. It will open to global investors in the coming months. Investors will benefit from both rental income and capital appreciation as well. It is estimated that tokenised assets are projected to represent up to 7 per cent of Dubai's real estate market by 2033, reaching Dh60 billion.
Arabian Post
24-05-2025
- Business
- Arabian Post
Chelsea FC Embarks on Ambitious Dubai Skyscraper Project Featuring Rooftop Football Pitch
Chelsea Football Club has unveiled plans for a groundbreaking real estate venture in Dubai, marking its first foray into branded residential developments. In collaboration with Dubai-based developer DAMAC Properties, the project, named Chelsea Residences by DAMAC, will comprise six 130-metre-high towers situated in Dubai Maritime City. Scheduled for completion by December 2029, the development will offer over 1,400 sea-facing apartments, each infused with Chelsea's distinctive branding and designed to provide panoramic views of the Arabian Gulf and Dubai's skyline. The residences will feature a range of amenities tailored to football enthusiasts and luxury seekers alike. A standout feature is the rooftop football pitch, adorned with the club's emblem, offering residents a unique sporting experience. Additional facilities include a Chelsea-themed gym, a football simulation room, and wellness centres equipped with cryotherapy zones, rain therapy rooms, and aerial yoga studios. Entertainment options encompass a private cinema for match screenings and an Aquarium Lounge bathed in Chelsea blue. Dining experiences within the development are set to be equally exclusive. Residents will have access to Dubai's first mono-diet café, a private chef's table, and the Captain's Table—a dining event hosted by Chelsea legends. These offerings aim to blend the club's rich sporting heritage with Dubai's luxury lifestyle. ADVERTISEMENT Apartments will range from one to three bedrooms, with prices starting at approximately AED 2.17 million . The interiors are designed to reflect a fusion of British sophistication and Dubai's contemporary elegance, featuring floor-to-ceiling windows and high-end finishes. The project is being designed by the renowned architecture firm Gensler, known for integrating brand identity into architectural design. This venture represents a strategic move by Chelsea FC to expand its global footprint and diversify revenue streams. Under the ownership of Clearlake Capital and Todd Boehly, the club is exploring innovative avenues to enhance its brand presence and financial stability. The partnership with DAMAC Properties, a developer recognized for luxury projects like the Roberto Cavalli Tower and the Versace Tower in London, aligns with this vision. DAMAC's Managing Director, Amira Sajwani, emphasized the project's significance, stating, 'Chelsea Residences by DAMAC represents a convergence of two global powerhouses, redefining what it means to live like a champion.' The development is poised to attract high-net-worth individuals, including British expatriates and affluent buyers from Southeast Asia and the Indian subcontinent, seeking a unique blend of luxury living and football culture. In addition to the residential project, the partnership includes DAMAC's logo appearing on Chelsea's men's and women's team shirts for the remainder of the 2024-25 season, debuting during a UEFA Conference League semi-final match. This collaboration underscores the club's commitment to strengthening its brand presence in the Middle East, a region with a growing appetite for football and luxury real estate.
Arab News
20-05-2025
- Business
- Arab News
Chelsea FC-branded project is ‘first of its kind' says Damac's Amira Sajwani
LONDON: Amira Sajwani, managing director of sales and development at Damac Properties, has called the newly unveiled Chelsea Residences by Damac 'the epitome of our philosophy' and a 'first of its kind' following last week's official unveiling of the development, which will be built at Dubai Maritime City. For the latest updates, follow us @ArabNewsSport This launch, announced at the Premier League club's Stamford Bridge stadium last week, marks the debut of the first-ever Chelsea FC-branded residential project. The exclusive event attracted leading investors, potential buyers and brokers, and executives from Chelsea FC, and targeted potential British and European buyers seeking premium real estate opportunities in Dubai. 'Chelsea Residences by Damac is the epitome of our philosophy to bring global partnerships to life through world-class design and lifestyle experiences,' Sajwani said. 'Our collaboration with Chelsea FC … offers an unmatched residential opportunity for buyers who value exclusivity and quality. With Dubai's reputation as a leading global city for luxury real estate, we are confident this project will set new benchmarks for branded residences.' Strategically located within Dubai Maritime City, one of the last remaining prime waterfront plots in the city, Chelsea Residences by Damac comprises six striking towers soaring to 130 meters, with over 1,400 sea-facing residences offering sweeping 270-degree views of the Arabian Gulf and the spectacular Dubai skyline. Todd Kline, president of commercial at Chelsea FC, added: 'This partnership with Damac signals an exciting chapter in the Chelsea story, bringing our club's spirit and prestige into the real estate world. Chelsea Residences by Damac will give our fans and discerning buyers the chance to become part of the Chelsea legacy in an entirely new and extraordinary way.' Residents will enjoy a specifically curated Chelsea FC-inspired lifestyle, featuring an array of exclusive branded amenities including a rooftop football pitch, Athlete Performance Centre, Chelsea Sports Bar, a private cinema, and the Aquarium Lounge. A wellness offering will include a cryotherapy center, an aerial yoga studio, forest relaxation pods, and a starlit wellness center. Dining concepts will feature Dubai's first healthy mono-diet cafe and the exclusive 'Captain's Table' event series hosted by Chelsea legends. Unit prices start from AED 2.17 million (approximately $590,000), with one-, two-, and three-bedroom configurations available.
