DIC Resort Private Token Offering

DIC Resort Private Token Offering

Created using Figma
Created using Figma
DIC EAST DMCC FZE a company registered in the Dubai Multi Commodities Center Free Zone is the landowner for the two plots HRL 05 and HRL 06 sites, both dedicated for the development of the pre-selected Steigenberger Hotel & Resort on Al Marjan Island, and has entered into a Joint Venture with FAM HOLDING, a Dubai based prominent real estate developer and contractor, to undertake the development and the construction of this 225 million USD project.
Token sale
Apr 17, 2019
Jul 18, 2019
100% completed
$1 500 000
hard cap
cap
50% cap completed
Cap 3 000 000.00 USD
Hard cap 28 000 000.00 USD
past
  • 1 DIC
    =
    0.88 USD
Token Details
Ticker
DIC
Accepted Currencies
ETH
Company Details
Registered Country
United Arab Emirates
Additional Details
KYC
Yes
Categories
Platform

About DIC Resort Private Token Offering

DIC EAST DMCC FZE a company registered in the Dubai Multi Commodities Center Free Zone is the landowner for the two plots HRL 05 and HRL 06 sites, both dedicated for the development of the pre-selected Steigenberger Hotel & Resort on Al Marjan Island, and has entered into a Joint Venture with FAM HOLDING, a Dubai based prominent real estate developer and contractor, to undertake the development and the construction of this 225 million USD project.

The Directors of DIC EAST DMCC and FAM HOLDING respectively, Dr. Lubos Riha and Dr. Faisal Ali Mousa together with their professional and highly experienced teams, have joint their efforts to ensure that this development and the funds collected for this purpose will be managed properly and diligently.

Under this newly formed equally owned Joint Venture “DIC-FAM”, both founders are set to contribute their respective assets, cash plus lands for DIC and cash plus development cost, including construction for FAM HOLDING. To date both parties have injected into the JV in cash over 15 million USD of their own equity and continue to do so as to such extent that the cash equity founders contribution by the end of 2019 will stand at 25 million USD.

DIC Trading Limited’s founder Dr. Lubos Riha and his team are planning to raise a total of USD 27,933,500 (Twenty Seven Million Nine Hundred Thousand Five Hundred USD) through a Private Token Offering (PTO) in addition to the US$ 15 million founders and sponsors equity.
DIC Private Token Offering (PTO) is a Restricted Collective Investment Scheme limited to accredited investors and institutions (private placement) with the aim of financing the design, development and construction of our luxury lifestyle beach resorts project on Al Marjan Island in Ras Al Khaimah (United Arab Emirates).
Our offering is backed by REAL ASSETS (hotel + real estate):
* Pre-selected Steigenberger Hotel & Residences (G+12 Resort 575 keys + Service Apartments 384 keys)
* Al Mahra Resort (G+12 Hotel Apartments, 548 keys, under construction)
KEY DEAL SUMMARY
Our bond-type product (maturity 5 years) returns are financed from profits from real estate off-plan selling (development phase) and from hotel operating profits (operating phase).
* 7% per annum in a single annual payment calculated from DIC’s Private Token Offering closing date
* Additional 5% premium paid on the 5th year, hence totalling a 12% interest paid on the 5th year
* Buy-back of principal investment by our company; Your initial investment returned to you on Year 5
* Net 44.5% IRR, net 3.1x profit multiple (based on 7.00% exit yield and assumed 60% hotel occupancy in 2nd operating year, i.e. exit year)
* 40% cumulative interest repayment over the 5 years period
ADDITIONAL BENEFITS:
* Affiliate programme: Get 5% commission for the inviter + 5% commission for the invited by using following affiliate link: https://dashboard.dicresortoken.io/?ref=2f92e
* Buy back option - Investors will be entitled to enter into our buyback program (re-purchase of tokens by the company) after holding the token for three (3) years. Detailed terms and conditions will be published at due time.
* Default Event - In the event of interest payment default, the Token holder shall be entitled to a pro-rata equity share in the Development or alternatively a conversion into a real estate unit, at the Token Holder discretion and in accordance to prevailing laws in United Arab Emirates.
* Conversion rights: After holding the tokens for a 3 years’ period, each token holder shall have the right to convert at any time their tokens as well as accumulated interest (and premium if at the exit time) into a physical possession of a Unit in DIC Resort project at an advantageous discount rate.
* Time Sharing:
- Diamond Members (minimum of 50,000 DIC Tokens) – a five years’ option for a 30 days’ free usage of a hotel or apartment Suite in DIC Resort hotel & residences.
- Platinum Members (minimum of 30,000 DIC Tokens) – a 3 years’ option for a 14 days’ free usage of single hotel or apartment Junior Suite in in DIC Resort hotel & residences.
- Gold Members (minimum of 15,000 DIC Tokens) – a 3 years’ option for a 7 days’ free usage of single hotel or apartment Junior Suite in in DIC Resort hotel & residences.
MINIMUM INVESTMENT: 500 DIC
More information on https://www.dicresortoken.io/

DIC Resort Private Token Offering Roadmap

  • Q2 2016

  • Scenario Assessments for Resort developments.
  • Q3 2017

  • Finalization of Financial Feasibility Study for Resort developments.
  • Q2 2018

  • Private Token Offering first conceptualization / initial ideas.
  • Q3 2018

  • Structuration of the team. Establishment of the company and legal set-up. Formalisation of the concept, bond structuration.
  • Read More
  • Q4 2018

  • Advisors review and adjustment of PTO concept. Negotiation of key partnerships. Website architecture and roll-out strategy.
  • Q1 2019

  • Launch of website in test environment. Publication of White Paper and Teaser. Start construction of Al Mahra resort & appartments.
  • Q2 2019

  • Front-end & back-end platform integrations (API). Launch of Private Token Offering. PR & Marketing campaign.
  • Q3 2019

  • Development of strategic partnerships.
  • Q4 2019

  • Start construction of pre-selected Steigenberger DIC Resort and Residences. Closing of Private Token Offering.

Activity

Members:
31
VERY LOW
30 Days Growth:
7
Alexa

Rank:
7 559 795
VERY LOW
Delta:
0

DIC Resort Private Token Offering Team

Verified 50%

Attention. There is a risk that unverified members are not actually members of the team

Faisal Ali Mousa
FOUNDER AND CHAIRMAN
unverified

2 ICO

$1 500 000

Lubos Riha
FOUNDER AND VICE-CHAIRMAN
verified
Cyril Piaia
CHIEF EXECUTIVE OFFICER
verified
Mohamed Emam
OPERATION MANAGER
unverified

DIC Resort Private Token Offering Interviews

Lubos Riha
As a team member, сan you tell us about your role in the ICO project?
I am the Founder and Chairman of DIC Resort, our luxury resort development in Ras Al Khaimah. I spent – and still spend – a lot of time in defining the vision for our project and tying up with the best partners and professionals to reach our goal: bring affordable luxury to Ras Al Khaimah / Marjan Island and give the opportunity to everyone to own a property under the sun !
What do you think about idea?
The idea was to use the blockchain and its secure/trustable eco-system, to seek financing for a part of the development, and allow as well any investor to buy shares in our project, in a seamless way, directly through our cutting-edge technology platform, based on bullet-proof Smart Contracts
As a team member, сan you tell us about your role in the ICO project?
I am the Founder and Vice - Chairman of DIC Resort, our luxury resort development in Ras Al Khaimah. I spent – and still spend – a lot of time in defining the vision for our project and tying up with the best partners and professionals to reach our goal: bring affordable luxury to Ras Al Khaimah / Marjan Island and give the opportunity to everyone to own a property under the sun !
What do you think about idea?
The idea was to use the blockchain and its secure/trustable eco-system, to seek financing for a part of the development, and allow as well any investor to buy shares in our project, in a seamless way, directly through our cutting-edge technology platform, based on bullet-proof Smart Contracts
Cyril Piaia
As a team member, сan you tell us about your role in the ICO project?
I am the Chief Executive Officer of our project and my role is to support and implement the vision of Dr. Lubos Riha our Chairman and Board Member. Our aim is to develop a high quality standard hospitality & real estate mix-use with Steigenberger operator (pre-selected); We are looking forward to welcoming investors to our projects and provide them the return they expect !
What do you think about idea?
The blockchain is a very powerful tool, that allow us to reach virtually everyone on the planet, and propose our product. We basically provide a rather classical financial product (bond-type) but in a very innovative manner through the Smart Contracts
N/A
5.0 6
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