Global Reit: The Pioneer Sharia Compliant REIT Platform Powered By The Blockchain Technology

INTRODUCTION

A gradually more recognized and accepted way to build wealth is by making investments in Real Estate. Individuals and potential corporate investors have several numerous ways to make real-estate investments. Unfortunately, investing in real estate comes with its own issues and hurdles. There are several rules concerning financing real estate investments especially for foreign investors. The mandatory requirements and unavoidable costs involved in property investments, as well as the restriction on choice and risks involved (mostly for foreign investors) tend to scare a lot of investors from this sector.

In a bid to reduce the risk involved and surmount the challenges facing investors, an alternate medium for investment know as Real Estate Investment Trusts (REITs) was put in place.
RIETs are corporations, associations or trusts that posses or fund real estate which generate income. REITs can be owned privately or listed publicly. RIETs are platforms for real estate investments which generate income through rent from proceeds of sales of its assets under management (AUM), rents from assets owned and interest gotten from funding real estate assets.

GLOBAL REIT

Global REIT is a platform that goes one step further than your usual REIT. It offers a secure investment platform by incorporating REITs with Blockchain technology.

What is BlockChain technology?
BlockChain is the platform that used in transactions involving cryptocurrencies. With the market value of crptocurrencies estimated to be over 500 billion USD, blockchain technology is currently the most sought after technology in the financial market today for its transparency, security and reduced transaction costs.

With blockChain technology, Global REIT will facilitate crypto investors in making investments in real estate and allow for real estate asset transactions in the crypto field.
It will first start with offering investors at its base location (Dubai, U.A.E) before moving on to the rest of the world. It aims to be the very first REIT based on blockchain to be complaint to Sharia laws. Global REIT's main targets are the owners/holders of real estate assets looking to get into the open market based on crypto currency, and the crypto currencystakeholders looking for how to generate steady income by investing in real estate.

Global REIT does not only aim at improving the REIT system within specific locations and regions, but also to set up an exciting and expansive platform for property from several different REITs to get key into, opening doors for potential investors worldwide. To facilitate this, the platform is built on the Ethereum blockchain and fully utilizes the power of smart contracts to give rise to token that will be used for all trading and transactions on the platform. This token usage will help make real estate assets open for making investments by all kinds of investors.