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Real estate is simply one of the most valuable asset classes due to its tangible value and its ability to pass on wealth from one generation to the next. It’s no secret that everyone aspires to have more equity in real estate but the barriers to entry remain too high for many.
Real estate co-ownership with Partment simply makes it more accessible and efficient. In a nutshell, fractional ownership empowers you to de-risk your investment by diversifying your portfolio without increasing your budget (you can invest in several homes instead of just investing in one) and enables you to also make rental yields on unused nights.
Here’s a quick glimpse of what home co-ownership with Partment offers:
At Partment, each property is divided into 8 shares and each share gives the co-owner 41 nights per year to use the property.
1- Turnkey and move-in-ready properties
Partment sources ready to move in properties in prime locations and partners with reputable interior designers to create state of the art turnkey living spaces for our co-owners. From smart key access, to Nespresso machines, to Marshall speakers to our curated art inspired by local artists, you can expect nothing less than a seamless experience.
2- Book your days based on YOUR schedule
Partment allows every co-owner the flexibility to book their stays up to 2 years in advance. In order to ensure fair and transparent access among all co-owners, we have 2 main rules based on seasonality and holiday periods/key event dates which we refer to as "star durations''. Our goal here is to maximize the freedom each co-owner has when it comes to scheduling but also ensure the process is equitable.
3- Enjoy your independence and returns
Partment’s innovative framework ensures each co-owner has the ability to buy and sell his or her shares independently after passing the minimum share holding period of 12 months. Every Partment property is carefully selected to maximize the possibility of a return on investment for its co-owners through asset appreciation. Each co-owner decides the price they sell their share at like any other real estate transaction. Partment then lists the share back on our platform to maximize its sellability.
4- Buy based on usage and budget
With Partment, you have the ability to buy the number of shares that suits your needs. You can own from 1 and up to 4 shares of the same property. Only looking to spend a couple of days per year? You can buy 1 share and rent out your unused days. Do you dream of retiring or working remotely from Gouna or any other destination? You can buy up to 4 shares i.e. 50% of the property.
5- Split costs
Why carry the burden of the upfront costs and monthly bills alone? With our model, you will save money by sharing these various costs with your fellow co-owners making investment in a vacation home significantly more affordable.
6- Leave property management to us
Partment manages the property end to end. We take care of the maintenance, cleaning, upkeep, bills, insurance etc… so all you have to do is book your stay and enjoy it effortlessly. You can expect nothing less than a luxury Airbnb experience where you walk in and find everything you need.
Do you have more questions?
About Partment
Partment is the leading proptech in MENA offering hassle-free vacation home co-ownership. We are bringing down traditional barriers to allow more people to co-own second homes in prime locations at a fraction of the price while providing an end-to-end property management service.
In summary, we are revolutionizing the way people own, use and invest in vacation homes by combining a transparent, accessible and convenient real estate investment with the fractional ownership of a vacation property.
