MAG Group introduces tokenized real estate investment in Dubai

[alain]

Good comment @jafo have read lot's of horror stories already that's why I asked. I will pass.

 

[Marie Manila]

I am currently considering investing with GetStake.
Has anyone had any problems so far?
(How) do the payouts to non-UAE bank accounts work?
Does GetStake charge fees for transfers to foreign accounts? I couldn't find anything about this in the FAQs.

 

[kokunut]

I am currently considering investing with GetStake.
Has anyone had any problems so far?
(How) do the payouts to non-UAE bank accounts work?
Does GetStake charge fees for transfers to foreign accounts? I couldn't find anything about this in the FAQs.

How much are you going to want to invest there? I'm also interested if we can get some more information about the risk of this investment.

 

[Martin Everson]

Has anyone had any problems so far?

No issues. Your limited to max investment of 367k AED (100k USD) a year unless you upgrade to a professional investor. Don't open the option to invest in Saudi property unless your willing to start answering a raft of questions including tax ones...lol.

(How) do the payouts to non-UAE bank accounts work?

You just put in withdrawal swift payment details including account currency, swift code, account number, account name (first party only transfers) and country of your account etc. Not done any withdrawals yet however.

Does GetStake charge fees for transfers to foreign accounts?

It does not show any fees or mention any in app. Maybe I need to actually go through process to see them or maybe they just take the FX. Perhaps someone else whose done it can answer this question.