SmartCrowd, a digital real estate investment platform, has announced the acceptance of an AED 19.3 million offer for a five-bedroom villa located in the Sidra 3 community at Dubai Hills Estate, while renovation and development work on the property is still underway.

The platform expects the transaction to set a new price benchmark within the Sidra community, as the offer is 31% higher than the previous record sale in Sidra 3, which stood at AED 14.7 million.

The offer was received before the renovation work had been completed, reflecting the value the project has generated from its early stages.

Offer Exceeds Previous Record Sale

SmartCrowd CEO Ridwan Ahmed said Dubai’s support for investment and innovation has helped create a suitable environment for the growth of modern real estate business models.

He added that the company is focused on building on this momentum through distinctive design, carefully planned renovation work, and high-quality execution.

Villa Acquired for AED 12 Million

SmartCrowd said it acquired the property for AED 12 million after identifying it as a promising investment opportunity.

At the time of purchase, the villa was the lowest-priced property in the five-bedroom villa category within the Sidra community.

Following the acquisition, the company developed a comprehensive redevelopment plan and supervised its implementation with the aim of repositioning the property as a luxury home with a clear design identity and specifications that meet the expectations of buyers seeking quality and privacy.

AED 7.3 Million Price Increase

According to SmartCrowd, the AED 19.3 million purchase offer represents an increase of AED 7.3 million compared with the original acquisition price of AED 12 million.

This increase does not include renovation costs, transaction fees, or other expenses associated with the project.

The value of the offer highlights the potential impact of redeveloping properties according to a clear vision, particularly in residential communities where there is demand for villas with distinctive designs and high-quality specifications.

Licensed Real Estate Investment Platform

SmartCrowd is the first regulated platform specializing in real estate investment in the Middle East and North Africa.

The platform is licensed by the Dubai Financial Services Authority and is registered in the Dubai International Financial Centre.