Emaar Properties to Start Accepting Bitcoin Payments
February 20, 2019 - Dubai
The world’s biggest property company outside China, Emaar Properties, appears to now be allowing clients to purchase properties using Bitcoin and Ethereum.
Emaar Propertiesis best known for developing the tallest building in the world, Dubai’s Burj Khalifa.
In 2018 the company handed over more than 51,800 residential units across the world while more than 29,800 residences are currently under development in the UAE and over 17,500 units in other parts of the world.
In an email, leaked on Twitter yesterday morning, the Dubai-based company has advised real estate agents that it will now accept cryptocurrency payments.
“We are pleased to announce now that all customers will be able to buy Emaar Properties using digital currencies (Bitcoin and Ethereum),” the email reads.
“The transaction will happen through one of the biggest brokers of digital currencies in the world ‘Bitcoin Suisse’ who are regulated and based in Switzerland.
Last year Emaar Properties recorded around US$7b in revenue.
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