Prop.com Achieves Successful Exit with Sixty7 Boulevard Debut

As a leading player in the Proptech arena within the real estate sector, Propchain is thrilled to share the exciting news of the successful exit of our inaugural property, Sixty7 Boulevard, listed on our property investment platform, Prop.com .

About Sixty7 Boulevard: First Listed Property on Prop.com ?

Nestled in the lively core of Downtown Dubai, Sixty7 Boulevard stands as a luxurious Triplex Sky Mansion, acquired, managed, and leased by the Propchain team. Its location in the prestigious Boulevard Point building offers direct connectivity to the iconic Dubai Mall. With its stunning panoramic view spanning nearly 200 degrees of the Emirate, this Sky Mansion is situated amidst the bustling hub of tourism, business, and entertainment in Downtown Dubai.

Strategy-driven Dynamic Market Insights

Our strategic selection of Sixty7 Boulevard has yielded exceptional results. With a property appreciation of 6.33% in under a year, it's evident that our choice of location has been instrumental in our success. The strategic positioning of the property, coupled with the bustling nature of the area, has led to high demand for both short and long-term rentals from expats and locals alike. The acquisition price of EUR 4,846,940, combined with a secured bank loan/sponsor quality of EUR 1,275,520, has resulted in a net yearly average ROI of 11.43% and a net average yield of 5.1%. Additionally, a rental guarantee of a 5% net yield for the first year further enhanced the overall ROI for our investors, bringing it to an impressive 11%.

Remarkably, within just 10 months, Sixty7 Boulevard has completed its full investment lifecycle, culminating in a profitable exit for our investors in less than a year. This milestone highlights our commitment to delivering exceptional results and solidifies our position as a leading player in the Proptech arena within the real estate sector.

Prop.com As A Property Investment Platform?

Our latest initiative reflects our vision to establish a brand identity synonymous with trust and innovation in the global digital real estate market. We aim to streamline the real estate investment process and enhance accessibility for all retail investors worldwide. Notably, Prop.com integrates digital asset payments through Binance Pay, enabling swift transactions with minimal fees, all powered by blockchain technology. This key development underscores our commitment to simplifying user interactions and democratizing real estate investing on a global scale, bridging the gap between the traditional world and Web 3.0.

Looking Ahead: What’s Next for Prop.com

The recent triumph in property exit is just a glimpse of what's to come at Prop.com . We are gearing up to broaden our portfolio by introducing additional property listings soon, with the aim of duplicating and amplifying our established success strategies.

Thanks to Hackernoon for featuring our first property exit, Sixty7 Boulevard!