Amira Sajwani’s PRYPCO launches fractional ownership platform for Dubai

PropTech firm PRYPCO has launched PRYPCO Blocks, a platform enabling fractional ownership in Dubai’s real estate market. Investors can access high-value rental properties with a low entry point of just Dhs500.

The app caters to both novice and seasoned investors, offering a chance to diversify portfolios and reduce risks by pooling investments across multiple properties. PRYPCO handles all aspects of property management, from legal paperwork to tenant relations.

The platform promises projected annual returns of 8-12 per cent, sourcing premium rental properties and negotiating deals to maximise investor gains. Open to users from over 200 nationalities, the globally accessible app is regulated by the Dubai Financial Services Authority (DFSA).

PRYPCO aims to democratise real estate investment with a focus on simplicity, transparency, and security. First-time investors benefit from the platform’s ease of use, while experienced investors are drawn to its steady returns and robust compliance framework.

Founded by Amira Sajwani, the daughter of DAMAC Properties’ founder Hussain Sajwani, PRYPCO leverages her expertise in real estate and passion for tech innovation. Amira Sajwani describes PRYPCO Blocks as “a paradigm shift,” enabling users to own “the property, the process, and all things in between.”

The timing of the launch of PRYPCO Blocks comes amid a strong property market in the emirate.

In the first half of 2024, Dubai’s real estate market recorded 75,543 residential transactions worth Dhs191bn, marking a 36 per cent year-over-year increase, according to Espace Real Estate. The third quarter continued this trend, achieving a record-breaking Dhs141.95bn in sales value across 50,425 transactions, a 38 per cent increase from the previous year, as reported by DXB Interact. This sustained growth underscores Dubai’s appeal as a global real estate hub, offering diverse investment opportunities.