The real estate sector of Dubai is adopting the crypto-currency

January 16, 2020 by Clementine

The fäm Properties, a real estate agency located in Dubai, launches a partnership with Huobi, to offer its customers a new payment method faster and more secure.

Huobi will serve as the bridge between the two sectors

Thanks to this partnership, newly sealed, the real estate investors of the united arab Emirates can now exercise their activities in using the crypto-currencies, including Bitcoin, Ethereum, and other digital assets of the first plan.
In the framework of this collaboration, Huobi OTC’s mission will be to secure the transactions in all legality, but it will also ensure price competitiveness within the framework of these transfers. The aim would be to maintain the stability and the improvement of the liquidity of the market.
The crypto-exchange will be about to offer the liquidity as well as the resources necessary to facilitate payments in virtual currency to investors, as argued Mohit Davar, the co-founder of Huobi OTC.
He further stated:

“If someone wants to buy a property and using crypto as a payment currency, we will help to facilitate this transaction, to sell their crypto-currency and make the payment at the fäm in fiat currency “.

A boon for investors and the real estate sector

The crypto-investors will not be the only ones to rejoice at this innovation, because fäm Properties has argued that the introduction of crypto-payments is a real boom for the real estate sector in Dubai.
Feras Al Msaddi, the CEO of fäm Properties confirms the importance of this reform :

“This partnership will provide our clients with tremendous opportunities. The crypto-currencies have become a means of payment increasingly popular in all world class cities, and this additional choice will increase our real estate transactions and will bring more value to the real estate market here.”

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Passionate about the universe geek, Clementine finds the news more interesting and involved in their drafting.

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