Real estate from DAMAC Properties can be purchased with cryptocurrency

DAMAC Properties, a leading developer of luxury real estate, is accepting crypto transactions for property purchases. The developer announced that the company supports the digital economy and has begun accepting payments in Bitcoin and Ethereum, and it will ensure the conversion of cryptocurrencies into fiat currency. This decision is based on DAMAC Group’s vision of using technology to provide innovative solutions to its clients.

DAMAC Properties is one of the first developers in the UAE to accept cryptocurrency, which will provide flexibility, optionality, and convenience to real estate investors from around the world.

DAMAC Properties always follows innovations, starting from the construction of luxury homes and ending with the creation of unique experiences for customers

says Ali Sajwani, general manager of operations and head of digital transformation initiatives at DAMAC Properties.

The adoption of cryptocurrencies for the purchase of real estate is one of the company’s initiatives, which aims to accelerate the new economy not only for new generations, but also for the future of the industry.

Major crypto exchanges are moving their base to Dubai against the background of the development of the crypto industry in the emirate and Dubai’s efforts to become a crypto hub. This includes the government’s decision to issue licences for virtual assets in accordance with the Dubai Virtual Assets Regulatory Authority (VARA).

DAMAC Properties’ most popular projects in the emirate of Dubai include the Safa One complex in the Al Safa neighbourhood, a community of DAMAC Lagoons, Cavalli Tower in Dubai Marina and Cavalli Estates, one of its most recent and sought-after projects. Exclusive properties at Cavalli Estates feature designs from the world-famous fashion house of Roberto Cavalli. The luxurious freehold complex features 200 branded villas, which will have an abundance of upscale amenities.