Dubai company announces the launch of VIP real estate sales for bitcoin

Supercars in exchange for cryptocurrencies are nothing new, but the launch of luxury real estate sales is an interesting step on the part of the business. DAMAC Properties, a developer in the UAE market, has announced its readiness to convert cryptocurrencies into fiat money in the process of selling square meters.

Ali Sajwani, Chief Operating Officer and Head of Digital Initiatives at DAMAC, is confident that such a move will have a positive impact on the economy of the entire region: «DAMAC Properties has always been at the forefront of innovation — from building homes to creating unique experiences. This step towards customers who have cryptocurrency is one of the initiatives aimed at accelerating the economy for new generations and for the future of the entire industry.»

«It's imperative for global companies like ours to stay on top of progress. Offering yet another transaction format is exciting and we are excited to realize the value this technology brings to our customers,» added Sajwani.