How to diversify crypto assets with real estate in Dubai

Buying a home with cryptocurrency is essentially exchanging a volatile asset for a relatively stable one. The property can be sold at a higher price or rented out, allowing you to earn passive income on a regular basis.

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To enter the real estate market it is recommended to have at least $100 thousand. In addition, when investing should take into account such nuances as the area, type of housing, local infrastructure (transport and social) and others. For example, buying a one-room apartment of 79 m² in the city center, an investor can pay about 720 thousand dirhams ($196 thousand). At the same time, the object can be rented out and receive 6-12% monthly.

In Dubai there are no taxes on the purchase, gift or inheritance of real estate.

The advantages of buying real estate in Dubai for cryptocurrency

In 2023, it is quite easy to buy a home for digital currency in the UAE. This way of investing has a number of pros and cons, detailed in the table.

How to buy real estate for cryptocurrency in Dubai

You can buy housing in two ways:

1. From a private seller. First, you need to find a reliable counterparty who is willing to accept cryptocurrency as payment. It is crucial that the terms of exchange are agreed and fixed. Since transactions are irreversible, it can be difficult or even virtually impossible to get your money back.
2. Through agencies. This is a safer method. There are many organizations that offer to get housing for crypto coins. For example, clients of The Assets Advisors Real States can use Bitcoin, Ethereum, and Tether in transactions. To make the purchase safe, the money is sent to an escrow account. There is also the option to take out an installment plan.

To buy a house for cryptocurrency, you will need the same documents as for a standard transaction. There are different types of objects: from townhouses to villas and penthouses. The purchase algorithm is as follows (using TAA Real States as an example):

1. Go to the official website.
2. Fill out an application form and provide contact information.
3. A catalog with available properties will be sent to your email. It specifies the neighborhoods, characteristics and photos.
4. After selecting the object, a video conference with the broker is held. You can learn more about the option you like.
5. The representative of the company will offer to look at the apartment online or offline.
6. When the buyer selects an object, the organization will start the paperwork and generate an invoice from the developer or seller.
7. The cost in dirhams is converted based on the current market rate of cryptocurrencies. The apartment is purchased for the amount specified in the contract.
8. The buyer transfers the money to an escrow account.
9. The company sends the documents.

The specialist will explain the nuances that can confuse the buyer. For example, it is important to discuss the correct address, payment plans, the responsibility of the parties.

The preliminary agreement is drawn up in foreign languages. In this case, it is important to use the services of an agent. He will also prepare the documents and help to fill out the contract correctly.

After the purchase, the client is entitled to a golden visa for 10 years. The company will also help with this.

Frequently Asked Questions