2024 became a very important year for the crypto industry, spot Bitcoin ETFs were approved at the official level in the United States.

The Emirates also have not stood aside all this time: in many free zones it has become possible for crypto companies to register – DMCC, DWTCA, ADGM, DIFC and others. In the JLT area, an official crypto center was even created at the DMCC Crypto Center.

Crypto players such as Binance, OKH, Cryptocom, and others have already received licenses and officially registered in Dubai.

By the way, at one of the crypto conferences held in Dubai, it was stated that consideration of the use of cryptocurrencies in the UAE economy is being carried out at the highest level in the UAE and perhaps we should expect positive statements on this matter in the near future. We are waiting for official confirmation.

We remember that a government body such as the Dubai Land Department became one of the first in the world to issue certificates of ownership of real estate on the blockchain. Therefore, now, each document confirming the ownership of real estate has a QR code, which is easy to check and confirm the authenticity of ownership.

In the UAE, developers offer options for purchasing real estate through cryptocurrency. Either directly to the developer’s account (with credit to the developer’s crypto account, with the rate fixed after the first confirmed block) if he has a wallet, or through licensed financial companies that help receive secured checks (or in other words, a check manager) and deposit them into as payment when purchasing primary or secondary real estate in Dubai and the UAE.

How does a transaction for purchasing real estate in Dubai with cryptocurrency take place?

• Our company's brokers show you the best real estate options on the market, and you decide what suits you.
• The type of transaction is determined (directly to the Developer’s account or with the participation of a licensed financial company)
• The exchange rate is fixed
• The money is transferred to the Developer/Seller
• The Dubai Land Department issues a Certificate of Title.
  
  Congratulations! You are a property owner in Dubai!