INSIGHTS & TIPS
The Best Real Estate
for Crypto in Dubai
The Best Real Estate for Cryptocurrency in Dubai
11th July 2022
The prices mentioned in the article are
current as of the date of publication
The prices mentioned in the article are current as of the date of publication
Introducing
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.
Crypto in Dubai, UAE
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.
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Emaar Address The Bay is a 50-floor residential development located in Emaar Beachfront, which is one of the most popular areas among locals and foreigners wanting to experience a waterfront lifestyle. On the high podium of the building a hotel by Address Hotels + Resorts by Emaar Hospitality Group will be located. The project offers 1–3 bedroom apartments with living areas from 803 to 1,970 sqft.
Residents will enjoy views of the Palm Jumeirah, the Arabian Gulf and the famous Dubai skyline. Among the available residential amenities are an infinity swimming pool, private access to a white sandy beach, dedicated sports areas, Michelin-star restaurants, close proximity to a 194,000 sqft shopping mall, and two cruise terminals. Dubai Marina can be reached within a 10-minute drive from Address The Bay, while Downtown Dubai is a 25-minute drive away. The starting price of a 1-bedroom apartment with a living area of 848 sqft is AED 2,900,000.
Beach Mansion is the last residential building in the area of Emaar Beachfront, which features a combination of urban living with a fabulous waterfront lifestyle. The complex offers 1–4 bedroom apartments, 3–4 bedroom townhouses and 4-bedroom penthouses that all come with spacious balconies. The living area of a 1-bedroom apartment starts from 793 sqft, townhouses have floor plan areas from 2,262 sqft, and living areas of penthouses are around 4,864 sqft.
The amenities within Emaar Beachfront Beach Mansion will include access to a private beach, a children’s playground, fitness center and infinity swimming pool. At the moment the project is under construction with the estimated date of completion at the end of 2025.
The starting price for a 1-bedroom apartment in Beach Mansion constitutes AED 1,759,000. The minimum cost of a 3-bedroom townhouse is AED 7,000,000 and 4-bedroom penthouses cost AED 8,040,000.
Creek Palace is located in the developing Dubai Creek Harbour. This 33-storey building offers amazing views of the Burj Khalifa and Creek Beach. Future residents can choose from 1–3 bedroom apartments, as well as luxurious Waterfront Villas with living areas ranging from 642 sqft to 2,287 sqft.
Residents will have access to a wide range of amenities which include a gymnasium, an infinity swimming pool, a children’s pool, children’s playground, green lawns, BBQ areas, a dedicated yoga room, as well as spa treatments, on-demand housekeeping, valet and concierge services, and much more to come. A 1-bedroom unit with an area of 643 sqft costs from AED 1,125,000
Recently Emaar announced a new phase of Creek Palace which will complement the first phase of the project.
Select Group Projects
for Cryptocurrency
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.
Peninsula is an exclusive waterfront community located in the heart of Business Bay, surrounded by Dubai Canal on three sides, and is minutes away from Downtown Dubai. Future owners can choose from studios, as well as from 1–4 bedroom units with amazing waterfront views. The starting price of a 1-bedroom apartment with a living area of 695 sqft is AED 963,000.
AED 963,000. Among the amenities which will be offered to residents in Peninsula are tennis and squash courts, cycle and jogging tracks, open air parks, waterfront plazas, promenades, boutique retail stores, various F&B options, and much more to come. Convenient access to Sheikh Zayed Road and Al Khail Road will enable residents to get to any area of Dubai in a short period of time.
Six Senses the Palm is a unique project which will become the first hotel and branded residence by Six Senses Hotels Resorts Spas in the UAE. Located on the famous Palm Jumeirah, the project will offer 60 hotel rooms and 162 ultra-luxury residences which include 121 penthouses, 32 sky villas and 9 exclusive beachfront villas.
Residents of the development will have access to wellness and lifestyle facilities, including swimming pools, beach access, a massage circuit pool, sports grounds, a jogging track, a Six Senses Spa, shared working spaces, meeting rooms, and plenty of other amenities. The starting price of a 2-bedroom penthouse with a living area of 1,990 sqft is AED 8,900,000.
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.
Jebel Ali Village is located in close proximity to the Sheikh Zayed Road and Ibn Battuta Mall, and once completed, will consist of four separate communities housing 4–5 bedroom villas. This is the perfect option for families with children wishing to experience a quiet lifestyle but still have the opportunity to get to key areas of the emirate in a short period of time. Spacious backyards and garages with electric car chargers will be provided in every unit.
Among the residential amenities on offer are lush green spaces, endless sports grounds, swimming pools, cycling tracks, a community farm, children’s playgrounds and much more to come. The price of a 4BR townhouse in Jebel Ali Village is AED 2,385,000, which will allow you and your family to apply for a 5-year Golden Visa.
The Palm Tower is a 52-storey hotel and residential building offering 290-room hotel from St. Regis Dubai The Palm, and 432 luxury apartments located on the iconic Palm Jumeirah. Future owners can choose from studios, as well as 1–3 bedroom apartments with living areas ranging from 441 sqft to 2,589 sqft with amazing views of the Arabian Gulf, the Palm Jumeirah and the famous Dubai skyline.
Jumeirah and the famous Dubai skyline. Residents will have access to a wide range of amenities which include the highly popular AURA Skypool and Lounge with an infinity pool, SUSHISAMBA restaurant, an observation deck called The View at The Palm, and direct access to Nakheel Mall. A 1-bedroom apartment with a living area of 507 sqft will cost from AED 1,700,000.
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.
DAMAC Safa Two is a 83-storey building which is branded by the Italian and Swiss fine jewellery brand, De Grisogono. The skyscraper is located opposite Safa One and the two buildings will be connected by electric cabins, offering breathtaking views of the Sheikh Zayed Road and the famous Dubai skyline. Future owners can choose from studios and 1–3 bedroom apartments with living areas from 400 to 1,500 sqft with modifiable options. Each apartment is also provided with at least one balcony.
Residents of Safa Two will have access to four beach-inspired swimming pools, a rooftop fog forest where several restaurants are located, as well as other amenities. Adrenaline lovers will also appreciate the edge walk deck where you can enjoy panoramic views of Dubai and spiralling glass slides. The price of a 1-bedroom apartment in this development costs from AED 1,570,000.
DAMAC Cavalli Estates is the perfect option for those who appreciate their privacy and security, and is located in DAMAC Hills, which is one of the freehold areas of Dubai. Future residents can choose a unit from 6-bedroom mansions with a living area of 11,317 sqft and 7-bedroom mansions of 17,531 sqft.
You will be able to relax by your own private swimming pool with a waterfall, or in the BBQ area located on the patio. A jacuzzi and games room will be located on the rooftop, and the basement level can be converted into a cinema room, wellness space or a gymnasium. A wide range of sports grounds and jogging tracks can be found in DAMAC Hills for all residents to enjoy. A 6-bedroom villa in DAMAC Cavalli Estates will cost you from AED 19,700,000.
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.
Jadeel in Madinat Jumeirah Living is located in Umm Suqeim, which is one of the top areas for families with children. Potential buyers can choose a unit from 1–4 bedroom apartments with living areas from 743 to 2,694 sqft. Each unit has 1–3 balconies or terraces from where residents can enjoy views of the Burj Al Arab, Dubai skyline and the pool deck.
Among the amenities which are available to residents of Jadeel in Madinat Jumeirah Living are swimming pools for adults and children, fitness centers with modern equipment, and BBQ areas. Residents can walk under the shades of palm trees and relax in the small parks within the MJL community. The price of a 1-bedroom unit with a living area of 770 sqft starts from AED 1,199,000.
Meraas Port De La Mer is a residential community located on the extension of La Mer. Future residents can choose from apartments, townhouses and villas in this exclusive development. The community consists of several clusters called La Cote, La Rive, Le Pont, Le Ciel, and La Voile. The starting price of a 1-bedroom apartment in Port de La Mer is AED 1,270,000.
Residents of the community will have access to swimming pools, a white sandy beach, a marina with over 190 berths, and a yacht club. Residents will be able to walk with their close ones from the piazzas to the open spaces, enjoying the amazing surrounding views. A wide range of boutiques, hotels, cafes and restaurants will be located both in the community itself and there are lots of entertainment options in the La Mer development.
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.
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