UAE Real Estate Giant To Accept Bitcoin, Ethereum As Payment For Posh Abodes
Damac Properties, a prominent real estate developer based in Dubai, United Arab Emirates, announced Wednesday that it would begin taking Bitcoin and Ether payments for its luxury properties. Damac stated that enabling the acquisition of premier real estate via bitcoin and other cryptocurrencies will transform the future of global property development. Damac has also announced […]
Related News
James Snodgrass is proud to announce Forsyth Real Estate's decision to accept Bitcoin as a payment method. Sometimes it seems the whole world is trying to bring Bitcoin down. Bad news has caused a downward trend. To change this, the Bitcoin world should start putting focus on positive things. In all the negativity Bitcoin witnessed in the past months, one country stood out with lots of good news coming from it. Today, our friends down under bring us another Bitcoin first for their country. Client's interest above all. Forsyth Real Estate, one of Australia's most successful and respected....
DAMAC will soon begin accepting bitcoin as payment in its property sales as the UAE seeks to become a cryptocurrency hub.
The United Arab Emirates (UAE) has said it now requires real estate agents, brokers, and law firms to report to the Financial Intelligence Unit real estate transactions in which virtual currency is used as payment. Similarly, real estate purchases or sales where “the funds used in the transaction are derived from a virtual asset” must also be reported.
Identification Documents of Parties to the Transaction Must Be Recorded
The United Arab Emirates (UAE) government has said it is introducing new reporting requirements for real estate transactions wherein virtual....
Buying real estate doesn’t have to be as tedious as it has been in the past. In fact, you can actually start buying digital real estate right inside the metaverse for a much lower cost than you would purchase it in the real world. In addition, a handful of metaverses also intend to offer tokenized fractional shares in real estate properties, meaning you can own a piece of real-world real estate for a fraction of the price. This article will cover some of the best real estate metaverses to watch for in 2022. Some projects intend to bring real-world real estate assets onto the blockchain,....
A third party will handle the conversions to U.S. dollars and enable real estate purchases with bitcoin in four states.