UAE DAMAC Properties accepts crypto payments

Leading luxury real estate developer UAE DAMAC Properties accepts crypto payments either Bitcoin or Ethereum. The decision comes from the Group’s vision of leveraging technology to provide innovative solutions to evolved customers.

DAMAC is one of the handful of developers in the UAE to facilitate the purchase of property by customers carrying cryptocurrency. The company is set to revolutionize the future of real estate. This will bolster DAMAC’s efforts of providing convenience and optionality to real estate investors worldwide.

Ali Sajwani, General Manager of Operations at DAMAC and lead of the organization's digital transformation initiatives, said: “DAMAC Properties has always been at the forefront of innovations from developing luxury homes to creating unique experiences. This move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry. It is crucial for global businesses like ours to stay at the top of evolution. Offering yet another transactional mode is exciting and we are glad to recognize the value this technology brings to our customers.”

Other Developers and property brokers are also accepting crypto as a form of payment. They include firms such as your place, Samana Developers and others.