Bahrain real estate developer Bin Faqeeh Real estate Investment Company announced that clients can buy apartments or houses using cryptocurrencies. Bin Faqeeh will be offering crypto payment services with Bahrain financial service provider EazyPay POS terminals. Binance Co-Founder and CEO, Changpeng Zhao tweeted about Bin Faqeeh Real Estate Company accepting Crypto Payments via Binance Pay through Eazy Financial Services. EazyPay and Binance had signed a partnership in Q4 2022 to offer crypto payment services to EazyPay’s 5000 plus POS terminals. Prior to this Bahrain CoinMENA crypto broker partnered with Carlton Real Estate, a Bahrain-based real estate agency, allowing clients to buy real estate property using crypto assets. Under the partnership, Carlton real estate would accept stablecoins like USDT and USDC. The UAE as well has been offering clients the ability to pay for real estate in cryptocurrencies. In May 2022 UAE Properties developer Nakheel and Abu D...

  Japanese Fintech firm and UAE Al Fardan ventures have partnered to launch a blockchain real estate investment platform.  Japanese Fintech startup, Canaan Advisors and UAE Al Fardan Ventures have partnered to introduce Canaan Advisors’ Zenihub platform, a blockchain blockchain-based real estate investment platform that focuses on fractionalizing properties in emerging markets to the UAE.  The venture will be led by Mr. Mohammed Ebrahim Al Fardan, a global technology leader from the Arab world with more than 33 years of experience, spanning from major multinational technology firms to investment firms, and with a strong and solid global network in gaming, artificial intelligence, Mixed Reality, FinTech, Blockchain, Internet-of-Things, and metaverse. Tokumasa Yamashita, Founder of Canaan Advisors, stated, “There are lots of attractive real estate investment opportunities in the MENA region that are only accessible by a small group of extremely wealthy investors. We look fo...

  UAE based Blockchain enterprise, Shaariq.com, an end-to-end real estate platform of Vision Tech has partnered with Pakistan-headquartered JK&S Developers, a real estate arm of the renowned Saif Group. to facilitate sales in JK&S Developers’ highly anticipated project D.I. Khan New City. Shaariq.com will leverage its enterprise blockchain capabilities to ensure secure, transparent, and seamless transactions. Shaariq.com will also ensure D.I. Khan New City becomes an early mover in adopting blockchain at an enterprise level. Shaariq.com will create a digital twin of the project in the metaverse to enable efficient urban planning and optimize the delivery of public services such as healthcare and groceries. NFT linked transactions on the blockchain will bring greater security, transferability, and future readiness. D.I. Khan New City will also characterize AR-VR and AI applications on multiple fronts. Dubbed the “Crown of Pakistan”, the D.I. Khan New City is a hybrid dev...

  KSA’s Dar Al Arkan Real Estate Developer will drop a limited number of utility NFTs ( Non   fungible tokens) for its Oman AIDA project. The comments were made in an interview with AGBI media. The $1.6 billion project AIDA, is the largest premium, mixed-use urban developments in Oman. It is a partnership between Dar Al Arkan and the Oman Tourism Development Company (OMRAN Group) to drive the development of the Gulf state’s property market and support the growth of Oman’s real estate sector as part of Oman Vision 2040. Ziad El Chaar, vice chairman of Dar Al Arkan Real Estate Development, said in the interview , “We are dropping 500 NFTs in the middle of October, which are utility tokens for our project AIDA in Oman.   If you are a holder of that NFT, you have a priority in booking in any launch of the project. This has a lot of value. He added that those who booked in Dar Al Arkan Pagani project in December made 25 percent profit as prices went up. The NFT will a...

  Singaporean, Stratez Capital with offices in UAE, a boutique firm that focuses on assisting enterprises who are planning to elevate to the next phase of growth, has partnered with NewTek Holdings to develop tokenized commodity trading and real-estate projects on the Blockchain. As per the press release , the Middle East has been identified by NewTek as a priority market, and the company is initially looking to focus on major real estate projects in Dubai.  “This is an exciting partnership, and in line with the investment and strategy objectives of the company, and we feel we can add huge value with our expertise and investments. NewTek brings real asset value and a clear vision in one of the fastest growing areas where real world assets combine with future Web3 and blockchain technology,” said Vik Pillai, Managing Partner at Singapore-based Stratez, announcing the agreement today. Qurashi, CEO of London-based NewTek, said: “I’ve been very impressed by the depth and variety t...

  Ali Sajwani Chief Operating Officer of DAMAC Group told al Roeya media outlet in an interview that UAE DAMAC Properties sold 50 million USD worth of properties in crypto since the beginning of 2022. As he explained, “DAMAC started accepting crypto as part of our efforts to enhance our service offering in the digital economy. We want to make it easier for those dealing in crypto such as Bitcoin and Ethereum to purchase properties and pay using both these cryptocurrencies. We have succeeded in selling 50 million USD worth of properties via cryptocurrencies since the beginning of 2022. Payments happen through a third party regulated by Abu Dhabi global market authority, Havyn digital asset exchange. Clients purchase through Havyn and then Havyn transfers the amount to DAMAC’s digital wallet either in USD OR AED as per the exchange rate of Bitcoin or Ethereum at that time. So we don’t take any risk.” He also sheds light on DAMAC’s metaverse strategy. As he explains the strate...