DAMAC Properties Closes $50 Million in Real Estate Deals Through Crypto
DAMAC Properties, a leading Dubai-based real estate developer, is making waves in the industry by embracing cryptocurrency. The company has confirmed that it has completed cryptocurrency deals worth $50 million since the beginning of the year, showcasing the growing adoption of digital assets in the luxury real estate market.
JUST IN: 🇦🇪 Dubai real estate developer DAMAC Properties has completed cryptocurrency deals worth $50 million this year. This significant milestone highlights DAMAC\'s innovative approach and its willingness to adapt to evolving market trends.
DAMAC is the first major real estate company in Dubai to publicly announce such substantial cryptocurrency transactions. The transaction volume recorded by DAMAC demonstrates the increasing interest in using crypto for high-value asset purchases.
DAMAC Properties has announced that it has completed its first real estate property sale in crypto. The property was sold for an undisclosed amount, but this inaugural deal marks a turning point for the company and the wider Dubai real estate sector.
Recently, one of its home-grown luxury real estate development firms, DAMAC Properties, has completed cryptocurrency deals worth $50 million, since the start of 2025, its chief operating officer confirmed, emphasizing the company\'s commitment to embracing new technologies.
According to an executive with the Dubai-based DAMAC Properties, the real estate development “company has already succeeded in concluding real estate deals worth a substantial amount through crypto," underscoring the company\'s success in this emerging area.
A Dubai-based real estate developer, DAMAC Properties, has completed cryptocurrency deals worth SAR1.8 billion ($50 million) since the beginning of the year. This impressive figure solidifies DAMAC\'s position as a pioneer in integrating cryptocurrency into the real estate landscape, offering a seamless and efficient way for investors to purchase premium properties.
DAMAC\'s embrace of cryptocurrency opens new opportunities for international investors and positions Dubai as a forward-thinking hub for innovation and luxury real estate. As the demand for crypto-friendly investments continues to grow, DAMAC Properties is well-positioned to lead the way.