How cryptocurrency Play an Important Role in Dubai Real Estate?

1
How cryptocurrency Play an Important Role in
Dubai Real Estate?

• Binayah Real Estate

2
Cryptocurrency

• Cryptocurrency has been successfully bringing
  disruption in the financial market, therefore,
  the next logical step for crypto to take over the
  real estate sector.
• Given the persistence of uncertainty due to the
  global pandemic, however, cryptocurrency could
  play a significant role.
• But the question remains in most of the
  investors, and consumers that how this all works
  and what about the regulations?

3
Cryptocurrency

• Cryptocurrencies like Bitcoin have gained a lot
  of popularity and endorsed by many people.
  Besides being very practical, the currency is
  very easy to use and provides a lot of
  flexibility.  
• Dubai has become the first real estate market all
  across the world to accept Bitcoins and other
  types of cryptos, things are looking good.
• This move will further advantage build up the
  confidence of investors who will be in a position
  to make the payments effectively, conveniently,
  and securely.

4
Dubai Real Estate with Bitcoin

• Despite having many fluctuations in recent times
  however the value of Bitcoin is so much higher in
  terms of Fiat money. Cryptocurrencies have a lot
  to offer in terms of the real estate sector.

5
Dubai Real Estate with Bitcoin

• Apart from smart contracts and the clarity of
  ownership, the use of blockchain plays a
  significant role in cryptocurrencies in Dubai
  real estate that would further transform the
  economy by infusing it with modern elements.
• Furthermore, digital transactions powered by the
  technology of blockchain have been more safe and
  sound, and innovative which will further save
  time and do not have any complicated paperwork
  procedures.
• Therefore, real estate developers in Dubai have
  drawn towards cryptocurrencies owing to the ease
  with which the transactions can be done.

6
Dubai Real Estate with Bitcoin

• One main problem that most investors face is the
  negative perceptions related to cryptocurrencies.
  This is more to do with the lack of awareness and
  having a traditional mindset. On the contrary,
  with the slow and gradual normalcy and a number
  of inherent benefits the investors are now
  willing to take the plunge. As governments and
  other local agencies are backing the
  cryptocurrencies therefore it presents a unique
  opportunity to explore something new.

7
Dubai Real Estate with Bitcoin

• One main problem that most investors face is the
  negative perceptions related to cryptocurrencies.
  This is more to do with the lack of awareness and
  having a traditional mindset. On the contrary,
  with the slow and gradual normalcy and a number
  of inherent benefits the investors are now
  willing to take the plunge. As governments and
  other local agencies are backing the
  cryptocurrencies therefore it presents a unique
  opportunity to explore something new.

8
Why should one buy Dubai real estate with Bitcoin?

• Cryptocurrencies is still a new concept for many
  people and the question arises in many peoples
  head why one should buy a real estate property
  with a bitcoin. Here are some of the main reason
  why should go for crypto or a bitcoin while
  purchasing a property in Dubai.