Dualtap
Dualtap is a Tokyo-based, publicly-listed real estate company that develops, sells, and manages investment condominiums under its proprietary XEBEC brand, serving individual investors, corporate investors, and overseas buyers through a vertically integrated one-stop service platform spanning planning, sales, and management.
- Company typePublic
- Founded2006
- HeadquartersNishi-shinagawa, Japan
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Dualtap does
Dualtap is a Tokyo-headquartered, vertically integrated real estate investment company that develops, sells, and manages investment-grade condominiums under its proprietary XEBEC (ジーベック) brand. Founded in 2006 and publicly listed on the Tokyo Stock Exchange and Nagoya Stock Exchange under ticker 3469 since 2021, the company concentrates its portfolio in Tokyo's 23 wards, with the majority of managed properties located within a five-minute walk of a station. It operates five interconnected business segments: real estate planning and development, real estate sales (centered on the XEBEC line of urban one-room condominiums), rental management, building management, and an overseas business spanning inbound tourism real estate and outbound investment services.
The business model combines one-time revenue from property development and sales with recurring revenue from rental management fees, building management services, and overseas operations. Dualtap's go-to-market motion is sales-led, relying on direct sales representatives (不動産コンシェルジュ), free in-person seminars, an educational blog (Fudosan PRO), an extensive YouTube library, social media presence across major Japanese platforms, and direct inquiry channels (free phone line, website forms). The company's "one-stop service" architecture covers the entire real estate lifecycle — land acquisition, property planning and construction, sales, tenant placement, rent collection, and ongoing building management — supported by a proprietary owner web portal and 24/7 support. Dualtap reports a 99%+ average annual occupancy rate and a 98.6% most-recent monthly occupancy rate across its managed portfolio.
Dualtap serves three customer segments: individual real estate investors seeking rental income, inheritance/estate tax planning, and retirement supplementation (primary); corporate and institutional investors including domestic and international funds seeking portfolio diversification (secondary); and overseas investors served through English and Chinese-language websites and the dedicated international division. In December 2025, Dualtap expanded its building management capabilities through the acquisition of Asahi Management Co., Ltd., integrating it as a wholly-owned subsidiary to consolidate and scale the management side of the one-stop platform. The company reports roughly 137 employees as of January 2020 IR and maintains a Privacy Mark certification for personal data protection.
Dualtap firmographics
Firmographics- Name
- Dualtap
- Legal name
- 株式会社デュアルタップ
- Website
- https://dualtap.co.jp
- Company type
- Public
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Dualtap is a Tokyo-based, publicly-listed real estate company that develops, sells, and manages investment condominiums under its proprietary XEBEC brand, serving individual investors, corporate investors, and overseas buyers through a vertically integrated one-stop service platform spanning planning, sales, and management.
- Ownership category
- akta.pro rank
Dualtap industry classification
Industry- Product category
- Real Estate Investment & Property Management
- NAICS
- Rental and Leasing Services (532)
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Multifamily Apartment Property Management (BPAJAFAA)
- akta.pro secondary industry
- Multifamily (Apartment) Property Management (BPAJAGAD)
Keywords
Where Dualtap is headquartered
LocationHeadquarters
- HQ city
- Nishi-shinagawa
- HQ country
- Japan
- HQ region
- Asia
Offices2 records
Markets served
Dualtap business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Operations, Marketing or Sales, Others
Revenue model
- Real Estate Development and Sales: Dualtap develops and sells investment condominiums under its proprietary XEBEC brand. Revenue is generated through the sale of newly developed or existing investment properties to individual investors, corporate investors, and domestic/international funds.
- Rental Property Management: Ongoing property management services for owned condominiums, including tenant placement, rent collection, maintenance coordination, and lease administration. Generates recurring management fee revenue.
- Building Management: Building management services for condominium associations, including maintenance coordination, administrative support, and asset value management for properties under management.
- Overseas/Inbound Business: Inbound tourism real estate services, outbound investment services, and building management services in overseas markets.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Real estate investment properties sold on per-unit basis |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Dualtap product offering
Product offeringCore offering
Dualtap develops, sells, and manages investment condominiums through a one-stop service platform covering the full real estate lifecycle from land acquisition and planning to development, sales, rental management, and building management. Its flagship XEBEC brand consists of urban one-room condominiums located in central Tokyo, typically within a 10-minute walk from stations, featuring high-quality design and amenities targeted at individual and corporate real estate investors. The company also serves overseas investors through dedicated inbound, outbound, and overseas building management services supported by English and Chinese language websites.
Product overview
Dualtap is a comprehensive real estate company offering end-to-end property investment and management services. The core portfolio consists of five interconnected business segments: Real Estate Planning and Development, Real Estate Sales (centered on the XEBEC brand of urban condominiums), Rental Management, Building Management, and Overseas Business. This one-stop service model allows the company to handle the entire property lifecycle from development through ongoing management. Supplementary offerings include the Fudosan PRO educational media platform, dedicated owner and broker portals for account access, and financial planning consultation services. The XEBEC sub-brand represents their signature line of centrally located, design-focused one-room condominiums in Tokyo.
Differentiator
Problem solved
Functional benefit
Brands
- XEBEC（ジーベック）: Company's proprietary brand of urban-type single-room condominiums, developed and sold by Dualtap for investment purposes. Features high-quality design and amenities in prime Tokyo locations.
Products and services
- Real Estate Planning and Development (不動産企画・開発事業) Real estate development services where experienced staff create trend-focused properties tailored to contemporary market needs, handling the full lifecycle from land acquisition through property planning and construction.
- Real Estate Sales (不動産分譲事業) Property sales operations offering the XEBEC brand urban one-room condominiums to customers, providing optimal asset management recommendations based on individual investment goals.
- Rental Management (賃貸管理事業) Comprehensive rental property management services handling tenant placement, ongoing property maintenance, rent collection, and owner reporting to relieve property owners from day-to-day management responsibilities.
- Building Management (建物管理事業) Building maintenance and management services for condominiums, supporting management associations, maintaining property values, and providing expert consultation on building-related matters.
- Overseas Business (海外事業) International real estate operations spanning inbound tourism business, outbound investment services, and local building management services in overseas markets.
- XEBEC Series (ジーベック) Dualtap's flagship brand of urban-style one-room condominiums positioned as high-quality, high-value investment properties. Properties are located in central Tokyo areas, typically within 10 minutes walking distance from stations, featuring modern design and functional amenities including Wi-Fi, 24-hour security, bathroom dryers, and original kitchen units.
Companies that use Dualtap
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Dualtap technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature3 records
Dualtap partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- 朝日管理株式会社 (Asahi Kanri Co., Ltd.)coreDualtap acquired shares in Asahi Kanri Co., Ltd. and brought the company into the Dualtap Group. This acquisition is intended to strengthen and consolidate Dualtap's building management business operations, enhancing the group's property management capabilities and scale. The integration is aimed at providing more comprehensive management services to the group's property portfolio.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
Dualtap competitors and assessment
Company assessmentBroad incumbents
- Daiwa House Industry Co., Ltd. One of Japan's largest homebuilders and real estate developers with comprehensive property development, rental, and management capabilities. Broad incumbent in the same real estate space as Dualtap but with much larger scale and diversification.
- Tokyu Land Corporation: Major Japanese real estate developer with residential development, sales, and property management operations. Broad incumbent comparable to Dualtap's full lifecycle real estate services though with broader product portfolio and larger capital base.
- Mitsubishi Estate Co., Ltd. Japan's largest real estate developer with comprehensive property development, sales, and management including residential and commercial. Broad incumbent in the Japanese real estate space with significant Tokyo focus comparable to Dualtap's market.
- Sumitomo Realty & Development Co., Ltd. Major Japanese real estate developer with extensive residential development, condominium sales, and rental management services. Broad incumbent competing in the same Tokyo investment condominium market as Dualtap.
Direct peers
- Tokyu Residential REIT: Japanese residential REIT focused on urban rental properties. Comparable to Dualtap's portfolio of centrally located Tokyo investment condominiums and associated rental management services.
- Leopalace21 Corporation: Japanese rental property management and construction company directly comparable to Dualtap's leasing management and building management operations. Both serve the Japanese multifamily rental segment with similar one-stop service offerings.
- Comforia Residential REIT: Residential REIT managed by Tokyu Land Corporation focusing on rental apartments in major Japanese cities. Directly comparable to Dualtap's rental property management operations in the urban residential segment.
- Advance Residence Investment Corporation: J-REIT focused on residential rental properties in Japan, directly comparable to Dualtap's rental management business. Both target Tokyo-centric residential assets with recurring rental income models.
- Kenedix, Inc. Japanese real estate investment management and asset management firm. Comparable to Dualtap's real estate investment and property management business serving individual and institutional investors in Japan.
Emerging players
- Ichigo Real Estate Investment Corporation: Japanese REIT focused on mid-size office buildings and residential properties. Smaller, more focused player comparable to Dualtap's residential focus with similar Tokyo-centric asset strategy.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Dualtap social profiles
Digital presenceDualtap compliance and trust
Trust signalCompliance2 records
Dualtap financial estimates
Financial estimateRevenue estimate
Valuation estimate
Dualtap leadership team
Management profileNumber of profiles
Profiles5 records
Dualtap subsidiaries and ownership
Company hierarchySubsidiaries2 records
Dualtap funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Dualtap M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Dualtap
What does Dualtap do?
Dualtap develops, sells, and manages investment condominiums through a one-stop service platform covering the full real estate lifecycle from land acquisition and planning to development, sales, rental management, and building management. Its flagship XEBEC brand consists of urban one-room condominiums located in central Tokyo, typically within a 10-minute walk from stations, featuring high-quality design and amenities targeted at individual and corporate real estate investors. The company also serves overseas investors through dedicated inbound, outbound, and overseas building management services supported by English and Chinese language websites.
Is Dualtap a public or private company?
Dualtap is a public company. It is classified as public and is currently operating.
When was Dualtap founded?
Dualtap was founded in 2006. It employs 11 to 50 people.
Where is Dualtap based?
Dualtap is headquartered in Nishi-shinagawa, Japan, in the Asia region.
How does Dualtap make money?
Four revenue lines are on record. Real Estate Development and Sales are the primary driver. The others are rental Property Management, building Management and overseas/Inbound Business.
Who are Dualtap's main competitors?
Broad incumbents on record are Daiwa House Industry Co., Ltd., Tokyu Land Corporation, Mitsubishi Estate Co., Ltd. and Sumitomo Realty & Development Co., Ltd.. Direct peers are Tokyu Residential REIT, Leopalace21 Corporation, Comforia Residential REIT, Advance Residence Investment Corporation and Kenedix, Inc.. Ichigo Real Estate Investment Corporation is listed as an emerging player.
Does Dualtap have an API?
No public API is recorded for Dualtap.
What industry is Dualtap in?
Dualtap's product category is Real Estate Investment & Property Management. Its primary akta.pro industry code is BPAJAFAA, Multifamily Apartment Property Management, with a secondary code of BPAJAGAD, Multifamily (Apartment) Property Management. Its NAICS code is 532 and its SIC code is 6531.