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A Circular Shared By Emaar Stated That Their Properties Can Be Purchased By Bitcoin
Welcome to the future, you might be able to buy an estate with Bitcoin or Ethereum
According to a circular, for the first time in Dubai, Emaar, considered the UAE’s top real estate developer is accepting cryptocurrency. Meaning you may now be able to buy ANY Emaar property using Bitcoin or Ethereum!
This new method of payment will open doors to a new target market, which is newly-minted bitcoin millionaires, further boosting the real estate market in Dubai, and enabling bitcoin users to turn their crypto-currency into valuable physical assets.
The news spread like wildfire after a screenshot of an email from Emaar to Dubai realtors was tweeted by Dubai-based Twitter user @CoinzData.
The tweet that was later deleted read: “We are pleased to announce now that all customers will be able to buy Emaar Properties using digital currencies (Bitcoin and Ethereum).”
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WEEKEND HOTLIST: 12 Things You Need To Do In DubaiThe email also mentions that cryptocurrency transactions “will happen through one of the biggest brokers of digital currencies in the world ‘Bitcoin Suisse’ which are regulated and based in Switzerland.”
Emaar Properties is famously known for developing the tallest building in the world, Dubai’s Burj Khalifa. The company has also developed many of the most popular residential compounds in Dubai such as Dubai Hills, Arabian Ranches, and Downtown Dubai.
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