TOP-10 Real Estate Projects in Dubai That Can Be Purchased by Crypto
Virtual currencies are quickly becoming more popular to buy everyday items, and now it can also be used to buy real estate units in Dubai. Cryptocurrency is a digital currency presented by coins or tokens. This version of money uses codes or technology which can not be modified, whilst blockchain technology, which is the basis of how crypto works, is almost impossible to be hacked or manually altered.
In this article we will tell you more about projects by famous developers which allow buyers to purchase properties with the use of cryptocurrencies. However, you can always buy a unit in these developments using more familiar ways.
Digital Currency in Dubai
If you are wanting to purchase a property with the use of cryptocurrencies, it will be better to enlist the help of experts, and learn more about the reputation of a chosen company. Well-known developers are ready to sell properties in luxurious projects using cryptocurrencies, however they agree to work with only licensed real estate agencies, trading companies and brokers.
In order to make a transaction, you will need to have: international passport, ID or legal identity card, proof of a residential address, contact details, proof of the legality of transactions by which you have received crypto.
Keep in mind that it is impossible to pay for real estate by crypto directly. As the UAE Central Bank states, all transactions made inside the country should be carried out in dirhams (AED). Therefore, you will need to transfer crypto to the account of the trading company and obtain a cheque which you can use to purchase the desirable object. You can learn more about how crypto and blockchain are regulated in Dubai in this article.
Emaar Projects for Cryptocurrency
Emaar Properties was established in 1997 and operates not only in the Middle East, but also in Europe, Africa, North America and Asia. Apart from launching residential real estate units, the developer is known for retail, hospitality, entertainment and leisure projects which include the biggest mall in the world; The Dubai Mall, Dubai Marina Mall, Armani Hotel Dubai, and Dubai Hills Golf Club.
Select Group Projects for Cryptocurrency
Select Group Projects
Select Group was founded in 2002 and has since delivered over 7,000 completed units, with another 5,000 units in the pipeline. The company is known for projects such as No. 9, Botanica, The Torch, Marina Gate II and many others.
Nakheel Projects for Cryptocurrency
Nakheel is one of the leading developers in the world that has delivered homes to over 300,000 people, and is known for projects such as Murooj Al Furjan, Tilal Al Furjan, Nad Al Sheba Villas and other developments.
DAMAC Projects for Cryptocurrency
DAMAC Properties is one of the leading developers in the Middle East which has delivered over 39,400 homes, with 28,000 more under way. The company has been delivering residential, commercial and leisure properties since 2002 and is known for projects and communities such as DAMAC Lagoons, The Legends, Greenwoods, and many more.
Meraas Projects for Cryptocurrency
Meraas is a Dubai based master developer who is known for building residences along various waterfront, urban and suburban locations including City Walk, Bluewaters, Pearl Jumeirah, Jumeira Bay, and other locations. All projects by Meraas mix both sophistication and innovation which is what makes them so popular.
Why Metropolitan Premium Properties?
Dubai is attracting foreigners from all over the world due to the city’s wide range of entertainment activities, business and job opportunities, its great number of educational institutions, warm climate, white sandy beaches, as well as many other reasons.
If you are interested in purchasing a real estate unit with the help of digital currency, Metropolitan Premium Properties are always ready to help you. We will also tell you more about the most popular off-plan and completed projects and suggest options which will correspond to your needs and budget, no matter if you are planning to move to Dubai, or make an investment to generate a stable income from renting the property out.