Crowdfunding hits Dubai as the worldwide phenomenon continues to spread
An article in Arabian Business on Sunday , had us enthralled as we read of further international growth of crowdfunding.Â Â Click here to read the article.
According to the report, in the last month alone, two Dubai-based crowdfunding firms, Eureeca and Aflamnah, have launched. In the week following its launch, Eureeca received more than 65 enquiries from companies seeking investment and as many from investors looking to fund. So, what might this mean for the crowdfunding world? Weâ€™re think itâ€™s safe to say that this is yet another example of the influence crowdfunding is having on a global scale.
Indeed, research firm Massolution forecasts that crowdfunding will raise $2bn worldwide this year, up from just $530m in 2009. In addition, it also expects the amount of crowdfunding platforms to increase to 530 by the end of the year, up from 452 in April.
As always, there are critics for the crowdfunding approach to raising capital but statistics rarely lie, and the figures being produced and the results being achieved internationally by crowdfunding is enough to convince us (why else would we have set up our own property investment company based on this model?).
Of course, the proof is in the pudding and as our first project heads towards its final phase, we will be reporting back on our own results and what was achieved by the sale of the UKâ€™s first crowdfunded property purchase.
The House Crowd is a brand new concept in property investment which allows people to invest small amounts via crowdfunding (for more information on the process, visit www.http://thehousecrowd.com/thehousecrowd//how-it-works/). We are committed to breathing life into empty, rundown properties whilst giving investors great returns on their investments (for more information about us, visit www.http://thehousecrowd.com/thehousecrowd//about/our-manifesto/). If youâ€™ve read enough and want to invest now, visit www.http://thehousecrowd.com/thehousecrowd//invest-in-property/)