Major Dubai-based real estate developer Damac Properties has revealed that it would receive payment for property in cryptocurrency.
Buy Property With Bitcoin and Ether
According to Khaleej Times, Damac said it would add payments for any of its properties that can be made in Bitcoin and Ether, the two largest crypto assets by market capitalization.
The company noted that enabling such payment will give more options and will be convenient for real estate investors. Also, the Dubai-based property developer believes that facilitating property purchases using cryptocurrency could revolutionize the real estate industry.
Damac was established in 2002 and provides residential and commercial properties in the United Arab Emirates (UAE), with an international presence in Qatar, Lebanon, Jordan, Oman, Saudi Arabia, Iran, and the United Kingdom.
Commenting on the company’s latest decision to adopt crypto, Damac’s general manager of operations, Ali Sajwani, said:
“This move towards customers
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