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Showing 7 of 7 results by ShardHomes
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Topic
Board Project Development
Re: Bringing Crypto-inspired Fractional Ownership to Real Estate
by
ShardHomes
on 19/09/2024, 12:35:54 UTC
What is the crypto part of this? Just pay btc to a broker who goes to a notary to sign the title? Especially when you have your own projects, and not resales where maybe trust is involved?

All of our properties are from the secondary market, by reputable developers - we are not developers ourselves. We are able to accept crypto as a payment form, that makes offramping into real estate much smoother and faster process.
Post
Topic
Board Project Development
Re: Bringing Crypto-inspired Fractional Ownership to Real Estate
by
ShardHomes
on 19/09/2024, 12:19:59 UTC

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
Again you can't buy property in Dubai with Bitcoin, you need to have a bank account in the UAE or a broker with a bank account and since you failed to answer a simple question like this I assume this is a scam.

I opened this page --> https://shardhomes.com/about-us most of the team members are without links, and even the pictures have been edited to make them difficult to trace.



For anyone who wants to buy property in Dubai, the government has provided what is known as Contract F to increase transparency, please contact them via https://emart.dubailand.gov.ae/Contracts/ContractFPage.aspx and they will tell you if the broker is real or a scammer.


Hi there,

You do not need a bank account in the UAE to purchase property using crypto. We work with broker partners to ensure a smooth process for our clients.

After purchasing property, you will become eligible to open a UAE bank account Smiley
Post
Topic
Board Project Development
Re: Bringing Crypto-inspired Fractional Ownership to Real Estate
by
ShardHomes
on 10/09/2024, 10:45:16 UTC
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:

  • Shard has a right of first refusal for 10 days. If we don't purchase, the other 7 co-owners have the opportunity to buy.
  • You can sell your share to friends or family.
  • You could use a real estate agent, though this might not be the most efficient method for fractional ownership.
  • We can list your share on our platform, where we have a pool of interested fractional ownership buyers.

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]
Post
Topic
Board Project Development
Re: Bringing Crypto-inspired Fractional Ownership to Real Estate
by
ShardHomes
on 10/09/2024, 10:29:54 UTC
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  Cry

Hi Joel,

Thank you for sharing your thoughts. I appreciate your concerns and would like to address them point by point:

  • Legal ownership: Yes, a property can indeed be legally owned by multiple people simultaneously. This is a well-established concept in real estate law, known as co-ownership or fractional ownership. Each owner's name is on the title deed, making it a legitimate and legally binding arrangement.
  • Clauses and preferences: All co-owners sign the same agreement, ensuring equal rights and responsibilities. We've designed our system to be fair and democratic. Any changes or decisions are made through a voting process, preventing any single owner from having undue influence.
  • Access and emotional satisfaction: With Shard, you get 44 days of access per year for each 1/8 share. This allows for significant personal use, especially for a holiday home. Many owners find this arrangement ideal, as it provides the benefits of ownership without the full-time responsibilities and costs.
  • Investment returns: The dividend yield is proportional to your ownership share. If you own 1/8 of the property, you receive 1/8 of the rental income. This is equivalent to the yield you'd get if you owned the entire property, just scaled to your investment. The advantage is that you can access premium properties at a fraction of the full purchase price.
  • Technology and team: Our platform goes beyond a simple website. We have a comprehensive app for booking stays, managing finances, and even listing your share for sale. The tech team ensures smooth operations, security, and continuous improvement of our digital services.
  • Accessibility: Starting at 240,000 AED, Shard makes premium holiday home ownership more accessible than traditional models. This allows investors to diversify their real estate portfolio or enter the market at a lower price point.

    We believe our model offers a unique and valuable opportunity in Dubai's real estate market, combining the benefits of ownership with professional management and increased affordability.

    I'm happy to discuss any other concerns or questions you may have. Feel free to ask for more details on any aspect of our service Smiley
Post
Topic
Board Service Announcements
Re: [ANN] Now You Can Buy Real Estate Directly With Crypto
by
ShardHomes
on 09/09/2024, 07:47:00 UTC
Really interesting and cool project. Are there any plans to add other cities than dubai any time soon?

Thank you! We're currently focused on Dubai due to its high ROI and strong interest from tourists and expats. We'll evaluate expansion into other markets as demand and opportunities arise.
Post
Topic
Board Service Announcements
Topic OP
[ANN] Now You Can Buy Real Estate Directly With Crypto
by
ShardHomes
on 05/09/2024, 10:26:34 UTC
Dear Crypto Community,

We’re excited to announce that Shard, an innovative real estate co-ownership platform, is now accepting cryptocurrency investments from investors worldwide. This service offers a unique opportunity for the global crypto community to diversify into premium Dubai real estate.

What is Shard?
Shard is a real estate co-ownership platform based in Dubai, allowing global investors to own shares of premium holiday homes using cryptocurrencies.

https://i.ibb.co/9pcHjz3/Screenshot-2024-09-05-at-11-41-07-AM.png

Key Features:
  • Own 1/8 share of a prime Dubai holiday home
  • Your name on the title deed
  • Fully managed properties
  • Option to use or rent out your share
  • Starting at 240,000 AED (approximately $65,000 USD or BTC1)
  • Invest using major cryptocurrencies

Why Shard Appeals to Crypto Investors:
  • Crypto-Friendly: Invest directly with your digital assets
  • Global Access: Open to investors worldwide
  • Fractional Ownership: Lower entry point to premium real estate
  • Diversification: Balance volatile crypto assets with stable real estate
  • Hassle-Free: Professionally managed properties
  • Potential High ROI: Target double-digit annual returns through appreciation and rental yield
  • Liquidity: Option to sell your share at any time

Dubai's Thriving Real Estate Market:
Led global capital value growth with a 17.4% increase in 2023 (Savills Research)
Q1 2024: Apartment prices up 20.43% year-on-year
Q1 2024: Villa prices up 22.08% year-on-year

How Shard Works for Crypto Investors:
1. Explore & Inquire: Visit our website and fill out the inquiry form to get started. 
2. Consultation: Discuss available properties and options with a Shard representative to find the best match for your investment. 
3. Invest with Crypto: Select your preferred property and complete the purchase using accepted cryptocurrencies. 
4. Confirm Ownership: Receive your title deed, which confirms your fractional ownership of the property. 
5. Earn & Enjoy: Benefit from rental income or personal use, along with potential property appreciation. You also have the flexibility to sell your share anytime.

For Our Global Crypto Community:
  • Seamless investment process using your preferred cryptocurrencies
  • Compliance with international regulations for smooth transactions
  • Opportunity to diversify crypto holdings into tangible, appreciating assets
  • Invest in Dubai, a global crypto hub with a booming real estate market

Get Involved:
We welcome investors from the global crypto community to explore this innovative approach to real estate investment. Visit our website to learn more about how you can use your crypto to own a piece of Dubai's thriving real estate market.

Questions? Comments?
We’re here to answer any questions about investing with crypto, our co-ownership model, or the Dubai real estate market. Let’s discuss how Shard is reshaping property investment for the crypto age!

Disclaimer: This post is for informational purposes only. Cryptocurrency and real estate investments carry risks. Please do your own research and consider your financial situation before making any investment decisions.
Post
Topic
Board Project Development
Topic OP
Bringing Crypto-inspired Fractional Ownership to Real Estate
by
ShardHomes
on 05/09/2024, 09:19:51 UTC
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 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

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:

AspectTraditional InvestmentShard Co-Ownership
Initial InvestmentHigh (Full property price)Low (1/8 of property price)
OwnershipSingle ownerCo-ownership (up to 8 owners)
ManagementOwner's responsibilityFully managed by Shard
UsageFull-time or part-timeFlexible (use or rent out)
DiversificationLimited by high entry costsEasier to diversify across properties
LiquidityTypically lowPotentially higher (easier to sell shares)
LocationLimited by budgetAccess to prime locations


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.