Real estate development and consulting companies in the UAE have started accepting payments in cryptocurrency, coinciding with the announcement of international companies accepting this type of payments.
According to what was published by the Emirati “Vision” today, the adoption of cryptocurrencies is witnessing great momentum in the UAE, in conjunction with the growth of the digital economy and the steady increase of “Blockchain” technologies, and the UAE is also a global center for financial technologies.
Real estate developer Nakheel announced that its customers can now pay their rent, service fees and property purchases using cryptocurrencies, after an exclusive partnership with Haven, a cryptocurrency platform.
Haven said, “This is the first time that solutions to buy real estate with crypto-marks have been activated from a major developer in the UAE. Our leading position in the market.
Damac revealed that it will start accepting Bitcoin and Ethereum as payments to purchase real estate. Samana had said that it had started accepting Dogecoin as one of the payment options for its project in Jumeirah Village, adding that the use of cryptocurrency in real estate transactions contributes to attracting international investors.
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