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Dubai stands out in the entire United Arab Emirates for its amazing infrastructure, high living standards, great returns on real estate investments, and innovative real estate market. In Dubai, virtual currencies mostly commonly known as cryptocurrencies can be used to purchase homes or invest in any prime real estate. Dubai is using advanced technologies like blockchain and cryptocurrency to make it the perfect hub for modern real estate. The city attracts various investors who are interested in technologies and want to be a part of this innovation and enjoy good returns on their investments.
Currently, the cryptocurrency market is very dynamic and unpredictable and thus people are moving their money into safer investments like real estate, which is considered to be more stable and safer.
Dubai has been one of the top choices for investing in luxury real estate that is known for its advanced lifestyle, political, and economic stability along with higher return on investments. This Emirate has strong market growth along with tax benefits that make it an ideal choice for investors.
Cryptocurrencies like Bitcoin, Ethereum, Tether, Litecoin, and Dogecoin are widely accepted as the future of money as buying a house or property with crypto is easier and safer because of its secure payment method, quick transactions, and limited paperwork. Dubai has also established a Virtual Asset Regulatory Authority (VARA) as a watchdog and regulates digital currency. This step marks the importance of Dubai's confidence in virtual assets in making economic transactions.
Ethereum or ETH is one of the popular choices for investing in real estate in Dubai. It has advanced features like smart contracts and ensures security and automated transactions for both parties. Ethereum’s robust technology and increasing acceptance made it one of the trusted and popular choices in real estate investments in Dubai. Currently, the value of 1 unit of Ethereum is AED 13424.57. Thus, the investors need to convert the value of property they wish to buy in Ethereum to know how much ETH they need to own in units to buy real estate in Dubai.
Luxury apartments in Dubai typically range between AED 2,000,000 to AED 5,000,000. Based on the current Ethereum price of AED 13,424.57 per unit, here’s how much Ethereum is needed:
AED 2,000,000 Property: ~149 ETH
AED 3,000,000 Property: ~224 ETH
AED 5,000,000 Property: ~373 ETH
Villas and townhouses in mid-range areas are priced between AED 5,000,000 and AED 10,000,000. The Ethereum needed for these properties:
AED 5,000,000 Property: ~373 ETH
AED 7,500,000 Property: ~559 ETH
AED 10,000,000 Property: ~746 ETH
For premium real estate like mansions, prices start from AED 20,000,000 and can go up to AED 50,000,000 or more. The corresponding Ethereum requirements are:
AED 20,000,000 Property: ~1,490 ETH
AED 30,000,000 Property: ~2,235 ETH
AED 50,000,000 Property: ~3,725 ETH
Commercial properties in Dubai, depending on the location, can cost between AED 10,000,000 to AED 25,000,000. Here’s the Ethereum required:
AED 10,000,000 Property: ~746 ETH
AED 15,000,000 Property: ~1,118 ETH
AED 25,000,000 Property: ~1,865 ETH
For affordable apartments, which range from AED 500,000 to AED 1,500,000, the Ethereum requirement is much lower:
AED 500,000 Property: ~37 ETH
AED 1,000,000 Property: ~75 ETH
AED 1,500,000 Property: ~112 ETH
Dubai has an innovative approach to using cryptocurrency in its real estate market by highlighting its advantage and commitment to modern technology. With high returns, advanced features, and safe payment options like Ethereum, Dubai has continued to attract investors who are seeking a stable and long-term opportunity in luxury real estate
