Dubai just launched something new. The Club Apparel loyalty programme now offers a Dubai loyalty points property scheme option. Shoppers can use their points to buy slices of property. This is called the “Spend to Invest” plan. It’s a tie-up between Club Apparel and PRYPCO Blocks. You can start from just AED 2,000 (about $544). It’s a simple way to turn shopping into owning real estate.
How the ‘Spend to Invest’ works for Dubai Loyalty Points Property
Here is how the Dubai loyalty points property scheme works.
- First, you shop at Apparel Group brands. You earn loyalty points via Club Apparel.
- Next, you open the PRYPCO Blocks app. There, you can link your Club Apparel account.
- Then, you turn points into property shares. These are “Blocks” of fractional ownership. You pay AED 2,000 or more for each Block.
Club Apparel has almost 4 million members in the UAE. PRYPCO Blocks is regulated by the Dubai Financial Services Authority (DFSA).
Why Dubai Real Estate Loyalty Points Matters for Property Investors
Dubai real estate loyalty points matter because it makes real estate easy to join. Buying property used to mean big money and big hurdles. Now, anyone who shops can build property equity. You keep getting your usual shopping rewards. And, you also start owning a piece of property or can even buy luxury flats in Dubai. Sima Ganwani Ved from Apparel Group says this gives customers more from what they buy. Amira Sajwani from PRYPCO says it bridges shopping and investment. It aims to let everyone own property.
What types of properties are on offer
- The scheme offers rental properties in Dubai.
- These properties are chosen for their steady rental income potential.
- PRYPCO Blocks selects assets with high yields and long-term value growth.
- Full property management is handled by PRYPCO, so investors avoid maintenance hassles.
- Investors receive passive income from the rental returns.
Conclusion
This Dubai loyalty points property move is more than fun. It links daily shopping with real estate. It makes property ownership easy, small, and real. It may mark a new trend. One where tech makes property investment open to all. Stay tuned to see how this evolves.
FAQs
Q1: What is the Dubai loyalty points property scheme?
It’s a programme by Club Apparel and PRYPCO Blocks that lets shoppers use loyalty points to buy fractional property shares starting from AED 2,000.
Q2: How can I invest using my loyalty points?
You earn points by shopping at Apparel Group brands, then use the PRYPCO Blocks app to convert those points into property shares.
Q3: What kind of properties can I buy through the scheme?
Investments are in rental properties in Dubai, selected for high yields and value growth, with full management handled by PRYPCO.
Q4: Is PRYPCO Blocks regulated?
Yes, PRYPCO Blocks is regulated by the Dubai Financial Services Authority (DFSA), ensuring a safe and transparent investment process.
