UAE real estate investors get added boost by Singapore-based crypto exchange firm Huobi with its partnership with Fäm Properties, a tech-driven real estate agency. This partnership will enable UAE real estate investors to pay in cryptocurrencies.
Fäm Properties can now accept payment in crypto through Huobi, which in turn, allows stability and liquidity in the real estate market. The partnership will also simplify investing for UAE real estate investors and provide the market with more value.
Huobi will provide Fäm Properties’ clients with immense opportunities. Cryptocurrencies are becoming an increasingly popular payment method, across all world-class cities, and this added choice will increase property transactions and bring more value to the real estate market here CEO, Fäm Properties, Feras Al Msaddi said.
Co-founder at Huobi OTC, Mohit Davar, said their firm will provide liquidity and resources to enhance digital money paid to investors. If someone wants to buy a property and use crypto as a payment currency, then Huobi will facilitate that transaction and sell their cryptocurrency and make the payment to Fäm in fiat currency, Mohit said.
The real estate market in Dubai has been embracing new technologies like blockchain and other digital assets.
Other UAE real estate investors embrace crypto
Reportedly, Dubai’s real estate giant, Emaar properties that developed the world’s tallest building, Burj Khalifa, released its new blockchain token referral and loyalty platform. The company has also expressed interest in launching a token and hold an initial coin offering in Europe.
It can only be overemphasized that since the invention of Bitcoin and other cryptos alongside blockchain technology, the invention can only continue to be deployed to improve the quality of human life.
Continued crypto global adoption
Blockchain technology adoption by the UAE real estate investors falls alongside its growing popularity among more forward-thinking members of Middle East society. From sports to medicine to Agriculture, several sectors are beginning to optimize the technology.
Huobi alongside Fäm Properties partnership is regarded as an interesting development as the crypto world watches out how things play with both firms.
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