OWNRSCLB is excited to announce the launch of its new foreign currency exchange platform OWNRSCLB FX, designed to deliver better value for real estate owners with preferential exchange rates when compared to the traditional banks. Platform users can transact in 56 major currencies, at competitive exchange rates with the best rates reserved for individuals with large real estate portfolios. 

With Dubai’s real estate market booming, and global investors flocking to the Middle East to invest in new off-plan projects, property developers in Dubai are witnessing customers seeking to pay in a wide array of currencies; when currencies are converted by the banks customers can routinely lose 3% in foreign exchange fees. 

Furthermore, investors are often concerned about the impact of fluctuating exchange rates, as off-plan projects in Dubai are typically denominated in UAE Dirhams (the currency is pegged to the US dollar), leaving the investor to manage the risk that their local currency devalues against the UAE Dirham. With OWNRSCLUB FX, Investors and prospective homeowners can now remove currency risk by entering into forward contracts fixing their foreign exchange rates for the duration of Off-Plan payment plans, providing a level of certainty over the cost of their investments.

“Launching this platform marks a significant step in our commitment to delivering more value for OWNRSCLB members – it is just the start of what we call a more rewarding way to own Dubai real estate,” said Charles Mpi, CEO. The OWNRSCLB FX perks are not solely reserved for homeowners; other Dubai residents can register within the Bronze tier and enjoy discounted foreign exchange rates when sending money home, and Corporate Clients can also utilise the OWNRSCLB FX platform for currency exchange when paying overseas suppliers or receiving foreign currency receipts from customers. The best rates are reserved for exclusive Diamond tier clients, who have a Dubai real estate portfolio greater than AED 10 million.

The app is part of OWNRSCLB’s broader rewards ecosystem, aimed at rewarding Dubai homeowners, with tiered benefits being granted based on the size of their respective portfolios. OWNRSCLB will feature a range of lifestyle discounts and exclusive experiences, disrupting the Dubai real estate market by enabling direct negotiation between buyers and sellers.

Media Contact
Company Name: OWNRSCLB FX
Contact Person: Melissa Charalambous
Email: Send Email
Country: United Arab Emirates
Website: https://ownersclubfx.com