The Huobi cryptocurrency exchange has partnered with Dubai-based real estate Agency fäm Properties to offer investors the opportunity to purchase real estate with cryptocurrencies.
As reported AMEinfo.com the partnership will allow fäm Properties to accept payments in BTC, ETH, XRP and other major cryptocurrencies, including stablecoins. It is assumed that the cooperation will provide greater stability and liquidity in the real estate market, as well as simplify investment in the UAE. CEO fäm Properties Feras al Maddy (Feras Al Msaddi) said:
“This partnership will provide our clients with huge opportunities and ease of investment in the best real estate in the UAE. Cryptocurrencies are becoming an increasingly popular payment method around the world, and this additional option contributes to the growth of our real estate transactions and will benefit the UAE market as a whole.”
Huobi will also ensure that your transactions comply with local laws. Huobi OTC co-founder Mohit Davar said the firm will provide liquidity and resources to facilitate payments in cryptocurrencies for fäm Properties ‘ clients. Davar noted:
“If someone wants to buy a property with cryptocurrencies, we will help you make this transaction, sell the received cryptocurrency and transfer the equivalent amount to fäm in Fiat currency.”
Recall that in October, Emaar Group, a Dubai-based company that owns the world’s tallest building, the Burj Khalifa, announced that it plans to launch its own EMR token by the end of 2019. In addition, Epoch BTC has partnered with the instant cryptocurrency exchange service Changelly to purchase real estate in Dubai for cryptocurrencies.