UAE’s real estate agency Casa Nostra announced that it is now accepting cryptocurrencies from property buyers as well as renters. According to the tweet everything at Casa Nostra can be paid through cryptocurrencies.
As per the tweet, “The future of real estate is here! You can buy your property with crypto. Rent, service fees, and everything can be paid through cryptocurrencies.”
This is not the first real estate agency or property developer in the UAE to accept cryptocurrency payments. A while back DAMAC also started to accept cryptocurrency payments as has Emaar.
Even UAE Properties developer Nakheel partnered with Abu Dhabi based crypto exchange Hayvn offering crypto payment options for Nakheel clients. Nakheel clients are able to pay for their rent, service fee, and real estate purchases in cryptocurrency.
While Huobi partnered with fäm Properties to offer secure crypto payment options for its real estate investors, offering more payment flexibility with this new service.
In March 2022, UAE based Real estate and industry experts estimated that crypto payments for Dubai real estate increased by 300 percent in 2022 and that the trend would continue. Majority of buyers were using stablecoins such as Tether, USDT as well as Bitcoin and Ethereum.