Terms of Service

Last updated: January 15, 2024

1. Acceptance of Terms

By accessing or using the PropertySearch platform, you agree to be bound by these Terms of Service. If you do not agree to these terms, please do not use our services.

2. Eligibility

To use PropertySearch, you must:

  • Be at least 18 years of age
  • Complete KYC verification as required by UAE regulations
  • Not be a resident of a sanctioned country
  • Have the legal capacity to enter into binding contracts

3. Investment Risks

Investing in tokenized real estate involves risks. The value of your investment can go down as well as up, and you may not get back the amount you invested. Past performance is not indicative of future results. You should only invest money that you can afford to lose.

4. Token Ownership

Property tokens represent beneficial ownership in the underlying real estate asset through a Special Purpose Vehicle (SPV) structure. Token holders are entitled to proportional dividends and appreciation but do not have direct legal title to the property.

5. Marketplace Rules

When trading on the secondary marketplace:

  • Token prices must be within ±15% of the original token price
  • All trades are final and cannot be reversed
  • A 2% platform fee applies to all transactions
  • Market manipulation is strictly prohibited

6. Prohibited Activities

You agree not to:

  • Use the platform for money laundering or other illegal activities
  • Provide false or misleading information during KYC
  • Attempt to manipulate token prices or trading activity
  • Access accounts belonging to other users
  • Reverse engineer or attempt to breach platform security

7. Limitation of Liability

PropertySearch shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising from your use of the platform or any investment losses. Our total liability shall not exceed the fees paid by you in the twelve months preceding the claim.

8. Governing Law

These Terms shall be governed by and construed in accordance with the laws of the United Arab Emirates. Any disputes shall be resolved in the courts of Dubai.

9. Contact Information

For questions about these Terms of Service, please contact us at legal@propertysearch.ae or through our contact page.