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Buy A Real Estate Property in Dubai for Bitcoin

Cryptocurrency and blockchain in Dubai – how to buy real estate for Bitcoin
and how the technology affected the economy of the United Arab Emirates

Buy A Property in Dubai
for Bitcoin Cryptocurrency

AED 240,000

Starting Price

Up to 8%

ROI Annual

Post-Handover

Easy Payment Plans

According to the US famous magazine “Business Insider”, 50 luxury apartments were sold in Dubai for Bitcoin in 2018, marking the first real estate transaction for a cryptocurrency in the UAE. In Q4 2017, two business partners Michel Monet and Doug Barrowman announced the construction of 1,300 units worth USD 327,000,000. Fifty apartments in Dubai were put up for sale for Bitcoin.

Someone was buying 1 & 2 apartments, and one investor bought ten at once. According to Monet, most of the buyers matched the stereotypes of early cryptocurrency investors - young IT specialists in T-shirts.

This is the example of how crypto commerce & blockchain are getting into everyday life. The UAE, and Dubai in particular, wants to take the maximum advantage of this opportunity, especially since transactions of this format are safe and legal and free of paper-based red tape.

The buying process in United Arab Emirates is quite easy. First, contact our company to find the preferable property. Then confirm the purchase and buy the property in Dubai with bitcoin. That’s it, the property is purchased.

According to the US famous magazine “Business Insider”, 50 luxury apartments were sold in Dubai for Bitcoin in 2018, marking the first real estate transaction for a cryptocurrency in the UAE. In Q4 2017, two business partners Michel Monet and Doug Barrowman announced the construction of 1,300 units worth USD 327,000,000. Fifty apartments in Dubai were put up for sale for Bitcoin.

Someone was buying 1 & 2 apartments, and one investor bought ten at once. According to Monet, most of the buyers matched the stereotypes of early cryptocurrency investors - young IT specialists in T-shirts.

This is the example of how crypto commerce & blockchain are getting into everyday life. The UAE, and Dubai in particular, wants to take the maximum advantage of this opportunity, especially since transactions of this format are safe and legal and free of paper-based red tape.

The buying process in United Arab Emirates is quite easy. First, contact a real estate agency to find the preferable property. Then confirm the purchase and buy the property in Dubai with bitcoin. That’s it, the property is purchased.

Such a simple way to buy property for BTC is explained by the fact that the United Arab Emirates Government started introducing the blockchain system in all economic and accounting systems as early as 2016. Apart from buying a property, one can pay utility bills and other things related to real estate in BTC. Blockchain is being used as a part of the Emirate’s development strategy to make Dubai the most advanced city in the world. The main feature of using crypto is the ability to log every real estate transaction.

The goal is to create an intelligent single database with enhanced security, where all property data is stored - from the stage of development to the last payment made by the owner. The data will be available to DEWA government agencies, and the database is being developed by Dubai Land Department. Since its introduction in 2016, the efficiency of the use of blockchain has yielded positive results, so the real estate management, including sales and leasing, could become more efficient and simple.

The United Arab Emirates used blockchain technology to upgrade government transactions at the federal level. Almost every sector of the UAE, from energy to media, is studying and implementing blockchain and distributed ledger technology (DLT).

After Dubai Blockchain Strategy in 2016 and the Emirates Blockchain Strategy in 2018, the government took active steps to promote the technology across the country, creating new industries and the new platform, which will enhance cooperation worldwide. The legislative framework is also being simplified.

Until 2021, Emirates Blockchain Strategy will focus on four main subjects: citizens' and residents' happiness, improved governance, advanced legislation, and international leadership.

Together with the World Economic Forum, the United Arab Emirates hopes to continue to introduce the blockchain further, using the best methods and minimizing financial risks.

These are just a few things that the United Arab Emirates has learned from the use of blockchain over the past four years. This information is updated as of January 2020.

Operational and regulatory issues, rather than technical factors, remain the main difficulties in the introduction of the blockchain. The difficult part was to determine the correct use of blockchain, and to ensure appropriate education and awareness for the partners involved.

The government of the UAE showed a great enthusiasm in absorbing the new technologies and emphasized the value of innovation for the development of society. Thus, Dubai Blockchain Strategy and Emirates Blockchain Strategy have played a significant role in creating a collaborative environment that allow the private and public sectors to work together more efficiently.

As for the real estate transactions, everything mentioned above is a good example of how the economy of Dubai is developing. The government will not be complacent in monitoring technological trends, which increases investment interest. We have already written about the benefits of investing in real estate in Dubai, and the use of blockchain is another important indicator of the quality and stability of the economy not only of the Emirate, but also of the country.

Being qualified property experts with years of experience, we realize how confusing Dubai’s off-plan property market could be for new buyers, as well as for professional investors. Especially when there are thousands of off-plan properties in Dubai.

You won’t need to look through countless listings on other the UAE's property websites. We have gathered all available information about off-plan property in one place and created a short quiz for you to find your perfect home in less than two minutes.

Follow simple steps on the screen to get your personal selection of projects that meet all your requirements. Explore any project in Dubai relevant to you and contact us!

Cryptocurrency and blockchain in Dubai – how to buy real estate for Bitcoin
and how the technology affected the economy of the United Arab Emirates

Buy A Property in Dubai
for Bitcoin Cryptocurrency

AED 240,000

Starting Price

Up to 8%

ROI Annual

Post-Handover

Invest in Real Estate with Crypto
Properties from AED 240,000

How to Buy A Property
in Dubai for Bitcoin?

Properties in Dubai Available for Crypto

Off-Plan
Properties in Dubai

Best Real Estate Areas

Downtown Dubai

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Palm Jumeirah

What Have The UAE Achieved After Four Years of Using
The Blockchain

Conclusion

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Got Confused? Complete A Quiz & Get The Best Offers

Trending Off-Plan Properties in Dubai

Cryptocurrency and blockchain in Dubai – how to buy real estate for Bitcoinand how the technology affected the economy of the United Arab Emirates

Buy A Property in Dubaifor Bitcoin Cryptocurrency

AED 240,000

Starting Price

Up to 8%

ROI Annual

Post-Handover

How to Buy A Property in Dubai for Bitcoin?

Properties in Dubai Available for Crypto

Off-Plan Properties in Dubai

What Have The UAE Achieved After Four Years of UsingThe Blockchain

Conclusion

Got Confused? Complete A Quiz & Get The Best Offers

Cryptocurrency and blockchain in Dubai – how to buy real estate for Bitcoin
and how the technology affected the economy of the United Arab Emirates

Buy A Property in Dubai
for Bitcoin Cryptocurrency

How to Buy A Property
in Dubai for Bitcoin?

Off-Plan
Properties in Dubai

What Have The UAE Achieved After Four Years of Using
The Blockchain