Dubai Developer DAMAC Properties now accepting Bitcoin and Ether payments

The Dubai-based real estate developer DAMAC Properties is now accepting Bitcoin (BTC) and Ether (ETH) payments for its luxury properties.

DAMAC Properties was founded in 2002 by Hussain Sajwani, and the developer has executed business throughout the middle east, Canada and the U.K. It also owns high-end fashion and jewelry brands such as; Roberto Cavalli and De-Grisgono.

Hussain Sajwani is known for luxury marketing tactics like giving away complimentary Lamborghinis to property buyers. He also teamed up with Donald Trump in 2013 to launch multiple Trump-branded golf courses across Dubai.

DAMAC will also facilitate the conversion to fiat for the seller if needed, as well as accepting payments in BTC and ETH. DAMAC’s general manager of operations, Ali Sajwani announced that the developer is focussing on to evolving technology such as crypto. 

DAMAC also mentioned Dubai ''becoming a crypto hub'' thanks to the government’s crypto-friendly regulations and virtual asset licenses, with top exchanges such as Bybit, Binance and FTX Europe all recently opening offices in Dubai. The developer also commented that it is keen on fueling Dubai’s ambitions by rolling out further crypto initiatives.

For more information or any questions please contact us below:

📞 +971 4 423 2006

📩 info@dacha.ae

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