OREANDA-NEWS Damac Properties, a major luxury real estate developer from Dubai, has announced that it will provide its clients with the opportunity to purchase real estate using cryptocurrencies, namely Bitcoin and Ethereum.

The company believes that such a solution can make a real revolution in the real estate market and will create more comfortable conditions for different clients. Moreover, it will accelerate the digitalization of the economy in the region.

«Damac Properties has always been at the forefront of innovation — this step towards cryptocurrency-owning clients is one of the initiatives aimed at accelerating the economy for new generations and for the future of the entire industry», representatives of Damac Properties commented on their move.

Earlier it became known that Finance received a license to provide crypto services in Dubai. Now the trading platform has the right to provide limited exchange products and services to qualified investors and professional financial service providers.