OUR ARCHITECT PROJECTS

 

 

 

At GWS holding, we build what matters.

GWS holding is a leader in civil engineering and construction in the Lebanese markets. Our operations are built on thorough real estate development data and an enthusiastic team of experts. Our group offers engineering, procurement, construction, completion and commissioning services, as well as a range of sustaining capital services.

GWS holding can also combine these services with its financing, operations and maintenance capabilities to provide complete end-to-end project solutions.

Property Development is the core of our business.

GWS holding has established a solid presence in the local property market, as attested by our demonstrated history of successful property development projects in Lebanon. Our catalogue includes a variety of different projects: luxury homes, landed and high-rise residences, offices and commercial properties in prime areas of Beirut and Mount Lebanon.

GWS holding will assist you throughout the entirety of the design and construction phase of your project. GWS holding will take care of every detail to make sure construction goes smoothly: coordinating with architects to optimize project costs, working to maintain project schedule, processing pay applications, and expediting owner occupancy in compliance with local authorities. We offer the following services for the design and construction phases of your project:

Pre-Design / Concept Phase

Scheduling

Estimating
Value Engineering
Constructability Review
Program Compliance Review
Utility Company Coordination
Permit Process Management

 

 

Construction Phase

Complete Contract Administration

Contractor Coordination

Quality Control

Cost Reporting

Post-Construction / Project Close Out

Final Inspections / Occupancy Permit

Owner Move-In Coordination

Punchlist Completion

Contract Closeout

Facility Assessments

It is necessary to evaluate the condition and life expectancy of existing facilities. Whether it is to determine the conditions of sale, or the value of the facility for future renovations or additions GWS holding is here to help

 

Owner's Representation

With GWS holding Owner’s Representative (Owner’s Rep) Services, construction phase services can be tailored to protect owner interest and minimize attendant fees.

Generally, there are three elements in executing a construction project – whatever the method of project delivery:

1. Contract administration
2. Construction coordination
3. Project controls

GWS holding services include all three of these elements.

The Owner’s Rep services solely involve project controls. It involves supervising construction activities and reporting back to the owner with project updates. This requires one person on the project site, full-time or part-time. A Construction Manager to process all of the construction administration and coordination tasks.

Our Owner’s Rep services could be of interest to you if:

• You have decided to use the General Contractor or Multiple Prime Contractor method and you want a person on site to act as your “eyes and ears.”
• You want an experienced construction professional to manage the construction 
• Value Engineering

• If the facility budget is not met, GWS holding will propose value engineering (VE) alternatives.
• VE is the systematic analysis and exploration of different options to stay on budget or to save costs. The ultimate objective of VE is to preserve the look and function of the project, while finding financially efficient alternatives.
• Although VE can allow clients to make substantial, it is much more than a simple cost-cutting exercise. When a VE session is conducted, we will evaluate, at least, first cost, schedule impacts, constructability issues, and life-cycle costs including capital, operating, maintenance, energy systems, financing, ownership structure, and tax laws. The exercise may result in increased first costs; however, the overall impact will minimize the total life-cycle costs during the functional life of the facility.
• Systems analysis is at the center of the overall VE effort. Typical systems include site work, foundations, structural, architectural, mechanical, electrical, and exterior enclosure. During the systems review, we will make recommendations, which focus on construction feasibility, availability of materials/labor, installation time, associated costs/economies, and the impact on other building components.
• For each project, a VE team will be established including the Owner, Architect/Engineer, and the Construction Manager. GWS holding experience with VE has shown that the best results occur during the Design Development phase. The team meets at pre-determined intervals to identify alternative materials, methods of construction, and issues affecting the schedule and operations.
• Each item is evaluated and either accepted or rejected depending on the total impact on cost, function, program, schedule, and overall needs
• Cost Estimating
• One of our greatest areas of expertise is cost estimating GWS holding has developed projects reaching over $150 million USD of cost estimates.
• As an independent service, we provide in-house architectural, civil, structural, mechanical, electrical, plumbing, fire protection, and technology cost estimations to Owners and architectural groups. This eliminates any perceived conflict of interest between the project team and any future bidders. Our first-hand knowledge in construction also allows the smooth running of the value engineering process.
• Accurate and well-defined cost estimates are critical to any project’s success GWS holding estimators provide accurate construction cost estimates from the initial programming phase to the more developed design and construction phases. Our cost estimating procedures are designed to ensure that each element of the project is well defined and accounted for in the estimate format.
• Our cost estimating efforts begin with the Program Level estimates. These estimates serve as our “Cost Models” for the project, and will be updated to include the additional information and details added to the Schematic, Design Development, and Construction Documents. We work with the Architect and the Owner throughout the design phase to ensure design components align with available funds. Our final cost estimate, prior to bidding, is used to evaluate the competitive bids received for the various elements of work. This continuous estimating process works to avoid bid day disappointment, and ensures that the project is within budget.
• Architectural / Civil / Structural Cost Estimating
  GWS holding will work with the Architect to establish appropriate bid alternatives to maximize the design features included in each project while making sure additional costs are within budget. We account for site development, utilities, structural systems, exterior envelope systems, finish systems such as floors and doors, and equipment specialties. We prefer to develop the project estimate in “Building Component Format,” i.e. foundations, structure, exterior walls, finish trades, etc., which facilitates making comparisons and developing alternative solutions. 
• Mechanical / Electrical / Plumbing Cost Estimating
  Our team also has a thorough understanding of the M/E/P systems common to various facilities and will work with the engineers to evaluate different systems and cost models. All estimates are developed in a material and labor format, which enables GWS holding and the Owner to perform comprehensive bid evaluations and to change order reviews
• Scheduling
• Design Phase Schedule
• During the design phase of a project, several critical baseline decisions related to budget, form, and function are made. Although the objectives of a project may be clearly established at the outset (i.e., occupancy date, budget, level of quality, etc.), the means for achieving these results are often ill-defined or vague.
• The schedule, created in-house using the most up-to-date scheduling software, is monitored throughout the design phase to ensure that critical decision and design milestones are met. Progress is discussed at each team meeting and alterations to the schedule are made if major changes in scope occur, or if tasks are not completed as originally planned. In considering the schedule, several different elements are reviewed with respect to their impact on the sequence of construction, fabrication and delivery schedules, and the anticipated influence of weather during construction.
• Using the project schedule and budget, GWS holding can establish a preliminary cash flow projection of the required project funds. These costs are the Construction Manager (CM) fee, Architect fee, and estimates of construction labor and materials. This cost is dispersed over the scheduled project period. The Owner will then have a plan for monthly project expenditures.
• Construction Phase Schedule
• As the design continues to develop, so does the detailed master construction schedule. This schedule, which highlights activity periods for major subcontracts and material deliveries, may be included in the bid documents as a guide to the Contractors when establishing their proposals.
• With the Owner’s input, we will prepare the construction schedule and monitor daily construction progress and procedures established by the Contractors and make recommendations as required maintaining or improving construction progress.
• Building Information Modeling
• Building Information Modeling (BIM) is the process of generating and managing building data during its life cycle. It typically uses three-dimensional, real-time, dynamic building modeling software to increase building design and construction productivity. This process produces the Building Information Model, which encompasses building geometry, spatial relationships, geographic information, and quantities and properties of building components.
• GWS holding embraces BIM as one of its core practices in order to ensure the highest return on investment for its clients over the entire lifetime of a facility, continuing to pay dividends long after the last milestone in design and construction phases have been completed.
• BIM offers several key benefits:
• Improved visualization
• Improved productivity due to easy retrieval of information
• Increased coordination of construction documents
• Embedding and linking of vital information such as vendors for specific materials, location of details and quantities required for estimation and tendering
• Increased speed of delivery
• Reduced costs
• Construction Intelligence
• A good market analysis is essential to the success of your project. It provides detailed supply and demand data, which allows you to know:
• What are the best functions, specifications and size of units for the proposed development project?
• How many identical units are available on the market, at what price, and since when?
• Is the project up-to-date with the latest trends?
• How much income can this project expect to generate over a certain period of time?
• What are the regulations relevant to this development project?
• What is the local community’s opinion of such a project?
• The market analysis can be used by Engineers, City planners & Architects, Developers, Private Banks, the Public Sector, NGO’s, and Academics
• What Are the Different Types of Market Studies? 
• 1-      Best Use Studies
• Developers will often do a best use studies when discussing project ideas. This study will be based mostly on data driven decisions and the developer’s experience of local market conditions. 
• 2-      Market & Feasibility Studies:
• Assessing the feasibility and potential of certain types of development projects can help developers make a more focused investment decision. The study is done by listing the inputs necessary for such a project, and comparing those to existing market conditions.
• 3-      Appraisal
• Appraisals are performed regularly by real estate professionals to assess the value of a site.  They are typically based on market prices, the replacement costs of any adjustments, and present worth.  More detailed appraisals estimate an absorption rate for the site, as well as defining potential market capture.  Appraisals are used to set the value of a property as a collateral, or to define the price of the project once it has been completed. 
• 4-      Cost- benefit analysis
• A cost-benefit analysis assesses the value of a project to the public.  For example, will new adjacent road decrease traffic sufficiently to warrant the price?  These analyses will focus on the amount of public investment and the production of public activities. Dollar values and social costs are quantified and included in the analysis. Estimates of the return on investment, the absorption, the market capture, and the timing are created.  Private and public investors alike can benefit from such an analysis.
• 5-      Analysis of economic base
• An analysis of economic base creates projections for near-term growth for a geographic area, generally created for planning and economic development agencies.  Developers use the figures generated to help assess potential demand for their projects, as well as getting a clearer picture of the potential opportunities and trends relevant. 
• 6-      Analysis of economic impact
• The analysis economic impact answers the following question: how can a specific large-scale project affect the local economy?  This type of study focuses on economic contributions such as taxes, infrastructure, or new services that a project will have in a geographic area.  As these studies have become more refined and have included previously externalized costs, the results show that some growth may cost more for community than the tax income it provides. 
• 7-      Land use study
• Land use studies analyze the geographic pattern of development in an area. They serve as a reference for public policy decisions related to land needs and infrastructure requirements.  Data might also serve as the basis for zoning and the granting of variances. The information gathered in these studies can also be valuable for developers, as it provides insights on existing market conditions. 
• 8-      Marketability study
• Marketability studies describe the necessary prices, sizes, functions and features required to capture market share. It is mainly used to determine the success factors of a specific project.
• 9-      Study of Highest and Best Use.
• Studies of highest and best use outline the optimal usage of a site.  They are typically used when someone has a site, but is not sure how to obtain the highest possible return on their investment.  Performed by market analysts for investors, property owners and lenders, these studies concentrate on a specific parcel of land and its relation to the community.  Estimates of return on investment, value, absorption and market capture are generated. 
• 10- General Market Study.
• General market studies are the most common type. It assesses the existing demand and supply for a certain type of use or property in the market.  It can be used by any person in the development process.  Typically, market studies will assess the potential return on the investment, absorption and market capture rates and the project's timing. 
• How is market analysis performed?
• -  Project development 
• During initial meetings and negotiations, the delimitations of the study are set and the consultant-client relationship is defined.  This is done in order to make sure that the consultant and the client have a clear vision of the product.
• -  The Market Analysis 
• The goal of any market study is to find the point where supply and demand intersect. A market analyst accumulates information on as many factors as possible to make a refined guess of that intersection point based on four basic components:  
• The project details, 
• A demand survey, 
• An assessment of supply,
• A synthesis.   
• - Project Details
• In this section, the analyst lays the foundation for a defensible market study. The project description should perform four tasks: 
• Outlining the constraints of the study; 
• Listing the boundaries of the study;
• Describing the project; 
• Evaluating indirect economic and site factors.   
• - Demand survey
• The factors affecting the demand survey include:
• Population,
• Income,
• Employment,
• Market trends,
• Relative prices,
• Taxes,
• Interest rate,
• Down payment requirements,
• Future predictions.  
• Most analysts will concentrate on population, income and employment when performing a demand study. The number of people, their incomes and the type of jobs they hold will be the most decisive factors in measuring demand.  By measuring trends for each component, we can gain a better image of the economic landscape of the project.
• - Factors affecting supply 
• Supply includes the following factors: 
• Prevailing supply;
• Intended supply;
• Competitive environment;
• Availability of land;
• The cost of land, labor and capital. 
• GWS holding has been a reference in real estate research for the past 35 years. Our flagship product is real estate Market Study for developers, lenders, and government agencies. In the studies, we dig deep into the details of your project, with identification and analyses of the associated market data. The driving factors for the project’s success are analyzed, as is the buyer profile, amenities, locational positives and negatives.
• Our market study products allow you to have the most accurate forecasts, even in the most uncertain times.
• Facility Management
• GWS holding is one of Lebanon’s leading operations and maintenance service providers. Our range of services includes the operations and maintenance of integrated real estate solutions. We provide around-the-clock support for mission-critical activities. Whether it is supplying facilities management services for banking, data and broadcast centers, or supporting Lebanon's Residential and hospitality projects, we provide our clients with peace of mind, allowing them to operate efficiently and focus on their core operations. Our ability to operate and maintain major public-private partnership (PPP) projects completes GWS holding full life-cycle service offering. By providing valuable input at the design phase and ensuring timely capital rehabilitation during the operations period, we enhance the operational efficiency and longevity of PPP projects.
• Engineering Services
• As a civil engineering and land development firm, GWS holding strives to provide our clients with premier consulting and design solutions for their projects in both the public and private sectors.
• We offer a complete range of civil engineering, master planning, and subdivision services. With specialized groups to serve the local commercial and residential development sector, the public works sector, we also provide specialized services such as Green property evaluation and stay up-to-date with the latest civil engineering practices.

Fraction Real Estate Ownership

Fractional Real Estate permits property owners in Lebanon to issue shares for sale through a safeguarded platform (GWS holding). These shares denote a certain fraction of total shares for a real estate asset.

Property investors can buy these shares, and by doing that, they become partial and silent owners of that property, which further allows them to be involved in cash flows and real estate appreciation.

A Prime Investment Product

Investors have an interest in real estate, but it’s a cumbersome asset to own and sell. There is a significant barrier to entry for small investors when it comes to hi end properties.  With fractionalization, real estate converts from a somewhat illiquid to a liquid asset.

The fractional ownership feature of real estate assets opens the market to a much wider investing community. The result potentially could lead to greater access for small investors to take a stake in assets that they usually wouldn’t be able to own through direct purchase.

Furthermore, it facilitates access to real estate investment in prime properties that the investor usually wouldn’t have access to.  From the point of view of the real estate developer, it increases the potential of getting a project funded and actually, earlier access to capital.

GWS is creating the first-ever platform on the Lebanese market based on fractional real estate investment. The platform allows investors to be part of our portfolio in a simple and protected way.

GWS provides property investors with an opportunity to invest their assets in the real property sector, through selected prime properties.

GWS targets to solve the problems related to Lebanese real estate transactions by means of creating an asset transfer platform for the building industry. Fractional Real Estate aims to help real estate investors by removing mediators, improving transparency and liquidity, and lowering barriers to entry.

GWS’s network, after all, can reduce risk aversion through a trustless environment. In turn, this simplifies property transactions with the need for trusted third parties. Local market demand for transparency has impelled innovation in real estate fractionalization.   

Fractionalization of assets makes many processes associated with property financing arise faster and at a significantly lower cost compared to mortgage and standard lending procedures.

Summary

For the first time in the real estate market in Lebanon a platform based on fractionalization is being launched. It provides local investors with an easy alternative to safely buy into a stable and proven real-estate market. Moreover, the platform enables the opportunity to invest capital via direct transaction.

GWS is the experienced team behind the enterprise. It is a family company made of expert engineers, who have been involved in property development, as well as investments in real estate with enormous potential since 1951.

Properties are available for purchase by both Lebanese expats and international investors. Fractionalization will globalize the Lebanese estate market and make investing very easy and profitable.

In contrast to many real estate investment projects, GWS’s offer is based on real, fixed assets. The investment model has been constructed in a specific way – it is clear and effortless to understand, hence making the project a simple and effective tool to earn money. Nevertheless, the company’s investment portfolio is the outcome of a thorough and meticulous analysis of the real estate market in Lebanon.

The idea of investing capital in fraction real-estate is going to accelerate reaching the set goals, raise the potential profits for the clients and open up the Lebanese market for expats and investors from abroad while simplifying the whole procedure.

In order to fully benefit from the solution offered by GWS, a potential client will have to:

1. Commit a desired capital to invest in the market.
2. Register on the provided platform.
3. Choose a property that he would like to invest in.
4. Specify the number of shares.

These four easy steps will allow anyone to become one of our investors and benefit from market uptrend track record of the Lebanese real estate.

Overview

Having gained a considerable amount of experience in the real estate market, managed and completed a vast number of projects, GWS decided to offer an innovative solution. Our plan expedites the increase of the number of investors both from Lebanon and abroad. Such divergence of the capital sources makes the whole enterprise more stable and raises the competitiveness of the company’s market share mostly for modernized residences; newly erected buildings.

The main obligation of our creative, experienced and competent team is a thorough selection of the real estate properties, an evaluation considering their current market value, prestigious and comfortable location followed by expected profitable revenues. In contrast to a large number of real estate investment techniques, the one being initiated by GWS is based on real, fixed assets with an appropriate value. To summarize what has been stated earlier, the fractionalization will not only encourage the growth of the Lebanese real estate market, but it will also enable small investors to take part in it.

General Information

Real estate as a part of fixed assets is still the biggest class of assets when it comes to their value. According to the Central Bank of Lebanon, the total amount of loans for the private sector is 56.3 Billion USD, where the total value of mortgage loans is 13 Billion USD and loans given for contractors are 11 Billion USD, while additionally the current investment portfolios of real estate projects in Lebanon sums up to 17 Billion USD.

Similarly, to other areas of life, the real estate market is subject to new trends. In Lebanon, there has been a major growth in demand for luxury, prestigious, distinctive and unique small housing units. This kind of apartments are desired mostly by wealthy residents of Beirut and Mount Lebanon, who value comfort and want the property to have original qualities expressing their eccentricity. Typically, the most demanded are properties located in Achrafieh Verdun, Ras Beirut and the coastal stretch North and East of Beirut.

During the course of the years of urbanization, Lebanese cities have been expanding and nowadays it is much more difficult to find centrally located plots to erect new housing projects. If you combine this fact with the new trends described above, the conclusion is simple; locating prime properties combined with arranging a sustainable, affordable, small area and unique design in new residential projects is a great way to provide the supply for the increasing demand for unconventional housing. GWS holding notices the opportunity to explore that real-estate segment based on its confidence in the market and already launched a $47 Million two towers in Achrafieh with small apartments ranging from 90 m2 to 110 m2 in area.

The current value of housing sector in Lebanon is estimated to be around $4.5 Billion of available units. According to the Order of Engineers & Architects, the licensed area of flats and apartments has decreased in 2018 by 23.2 % YTY. At the same time, the market has been slowly adapting to the needs of middle-income families. More and more people prefer to live not only comfortably, but also in smaller units close to their work.

Considering the estimated growth of the number of households in the next few years and the current excess of supply of flats in Beirut and Mount Lebanon, it is a natural conclusion to draw that the downturn in the market will not continue but it will stabilize in size. What is more, the demand keeps growing for one more important reason – a lot of foreigners move to Lebanon also GCC citizens are seriously considering Lebanon as a second home destination,

Lebanon is currently one of the most promising emerging markets and a leader in the Middle East. Despite that, average prices of real estate are still far below the level of well-developed countries. GWS continuously monitors the regional trends and creates special offers to clients from the premium segment of the market. At the same time, the team remains open minded, trying to learn about new trends and implement them.

Small Investors’ Perspective

Investing in real estate in a traditional way is extremely time-consuming, expensive and complicated, which can be explained by:

• The need of hiring and paying various experts (brokers, lawyers), which increases the costs long before being able to benefit from the investment.
• Information irregularity caused by a limited access to real estate data and high competitiveness, consequently making the transactions less comfortable and secure.
• Lack of a digital system to process transactions – most of them is still made in a traditional manner of a paper contract. Again, it is very time-consuming, slows down the whole investment and may result in the real estate appraisal to be less accurate.
• Preparation and waiting time. Nowadays you can buy and sell assets by a single mouse click. However, when it comes to the real estate market, you have to be extremely patient. First of all, you need to find your desired property, contact numerous institutions to clarify its legal status and, then, make an appointment with a notary to make a purchase.

The goal is to eliminate all the barriers discussed above by implementing their own special platform. Thanks to GWS, users are going to be allowed to safely invest in real estate while not taking the traditional risks and expenses. It is time for the market to embrace new real estate secured technologies that allow users to manage their assets and estimate their value in real time, as well as benefit from a professional customer service. Combining it with the secured ownership by having a clean title deed, it is going to stimulate the entire market.

Description of GWS Platform

The purpose of GWS platform is to promote several selective real estate opportunities. The platform enables investing into properties from our portfolio. An immense amount of experience and understanding of the problems faced by investors made GWS notice the potential of liquidation in the sector. The whole concept of the platform is incredibly simple and transparent. It ensures the safety and stability of transactions.

Selected prime properties are going to be offered to local and overseas Lebanese investors on the designated platform. A potential client is going to be able to physically hold a desired share in the properties in the form of a title deed. Simultaneously, he is going to be presented with all the important estimations, including the profit forecast. GWS team is going to operate the processes of purchasing, monitoring and reselling the shares, which should provide investors with a lot of comfort and security, especially because they are going to have precise information about important details of investments. In return for their contribution every investor is going to receive a title deed and a preferred sales contract that states standard particular conditions and investment details

The investment rate provided for every project is an indication of profit allocated to the investors by the end of an investment term (Max 10 years). Having finished one investment project with GWS, investors will have the option of reinvesting their capital into next real estate opportunity offered by the company. In order to start investing on the platform, every user will have to undergo a KYC verification (Know Your Customer). Then, a verified user is going to receive the access to the full offer and financial details of every property. GWS Platform is going to provide a lot of information and have several different functions and grading systems, including showing available properties, total pricing and estimated profit and choosing the scale of the investment.

Selection of Real Estate Opportunities

Our company overlooks prime properties and invests in similar projects in order to promote the greatness of some properties by making them highly attractive, affordable and designing the interiors in a smart, modern style.

Adding fraction real-estate to GWS portfolio is always a result of thorough consideration of some key market aspects like price, community, location, environment, legal risks and exit strategy.

Community

Attractive architecture is equally important and so is the economic perspective. Residences appeal to us the most because of their unexploited pure potential. By preserving the original social value of community and merging it with modern solutions aimed at providing comfort and functionality to residents, we head hunt exceptional products, good enough to satisfy the most demanding investors. We emphasize a synergy between classical elegance and a modern design, creating original artistic spaces. Creative ideas become reality thanks to our attention to detail and the highest quality of the workmanship.

Appealing Prime Locations

Visual and city planning values are not the only important factors in our decision-making process. A very efficient location is very meaningful as well. Our strategy involves investing in the most desired, biggest and, at the same time, fastest growing locations: academic, business and tourist centers. Having established the fact above, we narrow our search to the most desired areas – usually in the center or in a close proximity and with a good infrastructure. Another important element to consider is cozy, intimate surroundings, keeping the balance between the exclusivity of a property and good commuting options. The optimal choice of a location allows maximizing the profits

Fractionalization

It is a technology that offers a high level of diversifications and transaction convenience, guaranteeing safety and offering clear rules. We are going to use this technique to provide a decentralized, stable, transparent and efficient platform that allows clients to invest in real estate through direct purchase of property shares. The platform has the following advantages:

• It gives equal access to information to every market participant and, additionally, reduces the risk of transactions.
• The decentralization ensures the data safety and provides the opportunity to access and manage own portfolio from anywhere in the world.
• It allows us to digitize the data, accounting and property management systems, which effectively lifts the geographical barriers between the investor and the investment.
• Title deeds for investors are a safeguard of ownership in real-world assets.

GWS holding Networking

Based on an extensive experience in the local market, GWS will provide a wide selection of prime properties to be a part of the network. Most of such properties will be family homes, and the owners are highly qualified to retain the shares as per the preferred contract terms.

The Investment Process

In the pursuit of making a purchase of assets, each investor will have to set up a user account of a given currency exchange, pass all necessary verification procedures regulated by the local authorities.

In the next step, the investor can choose one or more properties offered on GWS platform and invest in the desired one. Each property is going to have a value in USD. We allow a major spread when it comes to the volume of investments and the number of shares. The investor is going to have the opportunity to own a specific number of shares at a convenient price as per the appraisal done by GWS

Smart Contracts

GWS is going to use smart contracts, which will automate most of the processes, making the whole operation far more dynamic and less expensive. The trust contracts between GWS and platform users are going to take a form of a smart contract.

Smart contracts are a special type of contract that codes instructions designed to perform specific tasks at a specific time. They function as self-executable programs that become active after the parties have fulfilled the terms and conditions preceded in them. Smart contracts are unmodifiable, which guarantees that the investor knows the precise and unchangeable rules applicable to the entire transaction and has the guarantee that during the investment nothing can alter the agreement. What is more, smart contracts enable and encourage independent control of profits based on fixed individual rates for real estate.