Disruption crossing borders: Pakistan’s first blockchain-based real estate platform attracts investors in Dubai
Disruption crossing borders: Pakistan’s first blockchain-based real estate platform attracts investors in Dubai
DUBAI 27 September 2022, In The fourth edition of the Pakistan Property Show was held in Dubai on the 10th & 11th of September. Hosted at the Dubai World Trade Center, the annual property expo attracted more than 20,000 visitors over two days. With over 60 exhibitors, the guests had a vast number of properties to choose from.
DAO PropTech’s real estate investment platform is a first of its kind in Pakistan, enabling every Pakistani to start their journey to buying real estate digitally, promising unmatched transparency, a scientific pricing methodology that ensures value added is transferred to the end user, real-time construction tracking, and a personalized portfolio dashboard.
“This is something that hasn’t been done before in Pakistan, let alone at this expo,” said Arif Habib, a Pakistani ex-pat in Dubai who came to the expo looking to invest in Pakistani real estate. “I was amazed by the level of transparency these guys were providing to everyone who visited their stall. Their business model was top class, and the ease with which I could invest through them while staying in Dubai was the cherry on top,” he added.
When asked about the company’s first appearance outside of Pakistan, Co-founder and Chief Sales Officer, Owais Barlas said, “This was an excellent opportunity for us to highlight our decentralized real estate investment platform outside of Pakistan. The community’s response has been overwhelming with a record number of investments already locked.” He added, “We’re extremely grateful to everyone who showed up to our stall and took a keen interest in why we do what we do.”
The Pakistani PropTech sphere continues to grow with companies like DAO PropTech spearheading the industry. Unlike traditional real estate in Pakistan, they bring something new to the table – the use of modern technology, data, and a use-case-driven approach.
Such initiatives are expected to have a ripple effect throughout the industry as customers begin to regain the trust that was tarnished by widespread malpractices and scams. A focus on transparency, security, and customer-centered practices is the way forward for this industry.
