Propchain Exits First Property 'Sixty7 Boulevard', Initiating Massive Utility For Token Holders

13 May 2024

Propchain, a leading Proptech player in the real estate sector, has announced the successful exit of its first property, Sixty7 Boulevard, listed on its Real Estate investment platform, Originally centered on the global real estate market, Propchain's property investment platform has strategically shifted its focus to target the Dubai real estate market. This change is driven by increasing interest from global investors in the city's rapidly-growing real estate sector.

Situated in the heart of Downtown Dubai, Sixty7 Boulevard is a luxurious Triplex Sky Mansion acquired, managed, and leased by the Propchain team. This property is located in the prestigious Boulevard Point building and is directly connected to the world-renowned Dubai Mall.

The Sky Mansion boasts an extraordinary view that overlooks nearly 200 degrees of the Emirate and is located in the hub of tourism, business, and entertainment in Downtown Dubai. Within a span of 10 months, the property efficiently completed its full investment lifecycle, culminating in a profitable exit with returns exceeding 11% for investors in less than a year.

Moreover, Propchainhas revealed plans to initiate an open-market buyback using the revenue generated from Sixty7 Boulevard. If executed, this milestone holds a significant importance for over 10,000 token holders currently holding the native token, $PROPC.

Propchain's latest initiative is driven by a vision to establish a brand identity synonymous with trust and innovation in the digital real estate market. The company aims to streamline the real estate investment process and enhance accessibility for retail investors worldwide.

Notably, integrates digital asset payments through Binance Pay, enabling swift transactions with minimal fees, all powered by blockchain technology. This key development also highlights Propchain's commitment to simplifying user interactions and democratizing real estate investing on a global scale, thereby bridging the gap between the traditional world and Web 3.0.

About Propchain

Propchain leads the way in real estate investment platforms, placing consumer needs at the forefront by providing effortless access to tokenized assets and a user-friendly digital interface for asset management. It aims to revolutionize the real estate industry through the widespread adoption of blockchain technology, facilitating improved market dynamics, transparency, and long-term sustainability.

Propchain's journey is marked by significant milestones, strategic focus, and innovative real estate strategies. With its dedication to digitally empowering the real estate value chain through investing and strategic positioning in the global market, Propchain is set to redefine the real estate investment landscape and continue its path of success.

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