What is Fractional Ownership?
Fractional ownership allows multiple investors to collectively own a property, enabling you to enjoy the benefits of property ownership, such as rental income and capital appreciation, without the burden of huge down payments, managing the property, mortgage requirements, paperwork, etc.
What is PRYPCO Blocks?
PRYPCO Blocks is a real estate fractional ownership platform that enables you to invest in Dubai’s real estate starting from only AED 500.
How Does it Work?
We take a property and divide it into multiple fractions, which we call Blocks. The investment in these Blocks starts at AED 500 and then increases by multiples of AED 100. Once the required amount has been raised, we purchase the property on your behalf by transferring its ownership to a Special Purpose Vehicle (SPV), of which you will be an owner. The monthly rental income generated from the property is deposited directly into your PRYPCO Blocks wallet on a monthly basis.
How is it Different from Investing in Real Estate?
In normal real estate investments, there is a large upfront cost. With PRYPCO Blocks, you can start with only AED 500 and invest up to $50,000 per annum (as a retail investor). The low investment amount enables you to diversify your portfolio as we have access to the best, hard-to-get hold properties in the market to minimize your risks and maximize your returns.
How are we Different from Other Players?
Our expected net return on investment (ROI) ranges from 8% to 12% due to our network and strategic partners, which enable us to purchase properties at competitive prices and lease them at the best market rates.
How to Invest in Blocks?
You can create an account by signing up on www.prypco.com/blocks and then completing the KYC to start investing.
Does Prypco Charge any Joining Fees?
No, we do not charge any joining fees. You can complete your registration and browse properties for free.
What Information Required to Open an Account?
In order to sign up for an account, you will be required to submit some personal information about yourself as well as supporting papers like your passport and a proof of address as part of the onboarding process. This is done to make sure that the Know Your Customer (KYC) process of the DFSA is being followed.
Is PRYPCO Blocks Regulated?
Yes, we are regulated by the Dubai Financial Services Authority, adhering to its strict client money provisions. This ensures your investments are separate from our business operations. Your investments are further safeguarded as they are held by Special Purpose Vehicles (SPVs) registered in the DIFC, which you own.
What is SPV?
An SPV (Special Purpose Vehicle) is a legal entity created for a specific purpose, such as holding an asset or facilitating a financial transaction.
Are Taxes Applicable to Investments on PRYPCO Blocks?
In the UAE, there are no taxes on investment returns for residents and UAE-based entities. Foreign residents and companies may be liable to pay taxes on returns earned in the UAE. Therefore, we recommend consulting a tax specialist.
What’s the Exit Window?
These are one week windows that open 12 months after purchase and then every six months thereafter, to enable investors to list their blocks for sale and other users to buy them.
What is the Maximum Amount I can Invest?
As a retail investor, you can invest a maximum of AED 183,000, and you can own a maximum of 31% of the blocks of a property.