Dubai-based real estate company Damac Properties has started selling real estate to clients with cryptocurrency.
According to the statement made yesterday, Damac’s customers are now buying real estate. Bitcoin (BTC) or Ethereum (ETH) can pay with.
Damac has so far operated in the United Arab Emirates, Saudi Arabia, Qatar, Canada, the United Kingdom and several other countries. The company’s profit in 2021 was AED 170 million.
Dubai has become one of the prominent positions in this field, thanks to the steps taken towards the blockchain and cryptocurrency industry in the United Arab Emirates. Dubai, where a special legal ground has been prepared for crypto money companies, has already become the destination of several large companies.
For example, Crypto.com and Bybit opened an office in Dubai, while Binance obtained licenses from both Abu Dhabi and Dubai to operate in the region.