General

• 1.

  Can I sell my property on Bambucorn?

  Yes, you can! Reach out to our team at contact@bambucorn.com provided you meet the following conditions:

  • The property you intend to sell consists of a single discrete title deed;
  • The property is used only for residential purposes;
  • No mortgage, lien or other security is granted over the property; and
  • The value of the property is less than USD 5 million.

• 2.

  Will I be charged anything for selling my property on the platform?

  Yes, we generally take a percentage of the funds raised on the platform, however we shall only do so if your offering us successful on the platform.

  Please note that there may be several third-party costs that you shall be asked to bear regardless of the outcome of the offering. These will be specified prior to signing an agreement.

• 3.

  What do I need to submit to get listed on the platform?

  For more information, please get in touch with us at contact@bambucorn.com .

• 4.

  How long will the offering be open on the platform?

  The length of the offering will be specified in the agreement we sign with you. We do expect that your offering shall be open for investors to subscribe to for a period of up to 90 days.

• 5.

  What happens after my offering is over?

  After your offering is over, a decision is made on the status of the offering (success/ fail). If the offering is deemed a success, the platform will instruct you to transfer the title deed (of the property being offered) to a DIFC-based SPV. Upon doing so, the platform, upon verifying the information provided shall transfer the amount raised (net of fees and transaction charges) to your bank account.  

• 6.

  What happens if my offering does not raise the minimum target level of funding?

  A determination of the status of your offering shall be made at the end of the cooling-off period. In the event an offering does not raise its minimum target level of funding, all monies deposited in the Client Money Account, with respect to the particular offering shall be refunded to the investors of your offering.

• 7.

  What happens if my round is oversubscribed?

  The platform’s systems do not allow for oversubscription. Hence, it would not be possible for your offering to be oversubscribed to.