DreamCity Capital secures SEC nod, aiming to democratise real estate investment
By Esther Agbo
For Nigeria’s investment landscape develop ment, the Securities and Exchange Commission (SEC) has granted an approval-in-principle to DreamCity Capital, a digital platform that aims to reshape how Nigerians invest in real estate.
This approval is a preliminary endorsement, signalling that DreamCity Capital’s innovative approach to real estate investment aligns with regulatory expectations, pending further conditions.
The announcement was made by the CEO and Managing Director of DreamCity Group, Benjamin Akhamere, who highlighted the importance of this milestone. According to Akhamere, the platform’s inclusion in the SEC’s Accelerated Regulatory Incubation Programme is not just a regulatory achievement but a validation of DreamCity’s vision to democratise real estate investment in Nigeria.
“DreamCity Capital aims to revolutionise real estate investing by providing equity investment offerings for small and medium retail investors through digital technology,” Akhamere stated.
Unlike traditional real estate investments, DreamCity Capital’s model allows for fractional ownership, where investors can own a stake in real estate projects without the need for large capital outlays. This, Akhamere explained, is facilitated through a special purpose company that manages investor equity and assets, ensuring transparency and efficiency.
The SEC’s approval is part of its ongoing effort to encourage innovation in Nigeria’s capital markets while maintaining strong investor protections. By greenlighting DreamCity Capital’s digital platform, the commission is signalling its support for new investment models that could potentially transform Nigeria’s real estate sector.
“The platform offers a secure and efficient model for real estate investing,” he added.
Akhamere emphasised that the company’s commitment to regulatory compliance is as strong as its drive to innovate. “DreamCity Capital’s inclusion in this programme underscores our commitment to adhering to regulatory standards while driving innovation in the real estate sector,” he said.
