Your Questions Answered
PRYPCO Blocks is registered with the Dubai International Financial Center (DIFC) and regulated by the Dubai Financial Services Authority (DFSA).
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.
You can start your home ownership journey by investing as low as AED500.
As a retail investor, you may invest up to $50,000 (AED183,500) in any single calendar year. However, you can invest more by completing additional verification steps. Reach out to us at [email protected] to know more.
When purchasing a property, there are various transaction costs involved. These costs can include expenses such as DLD transfer & registration fees, trustee fees, brokerage fees, property insurance, valuation fees and DIFC fees, among others.
When purchasing a property, there are various transaction costs involved. These costs can include expenses such as DLD transfer & registration fees, trustee fees, brokerage fees, property insurance, valuation fees and DIFC fees, among others.
PRYPCO currently offers one payment method for depositing funds into your account: bank account to transfer money directly to your PRYPCO wallet.
At any point, one cannot own more than 31% of the blocks in a property.
How much Return On Investment (ROI) do i expect from my investment?
During the course of the investment term for the property, we hope to earn a total ROI of up to 12% annually.
If a listing fails to reach the quoted price, either the investment period will be extended or the invested money will be returned to the investor.
When an investor decides to sell their fractional ownership stake, PRYPCO will charge a withdrawal fee as compensation for the costs associated with transferring ownership and maintaining the asset.
You and other investors will be given the chance to vote at the end of the investment term whether to sell the property or keep it for a further six months. The property will be sold at its current market value as part of the proposed transaction.