Using Cryptocurrency to buy Real Estate in Dubai

Is using cryptocurrency to buy real estate in Dubai the real deal? Bitcoin is exploding all over the markets in 2021, and we say it in the most positive light.

Dubai has finally embraced cryptocurrency reality and is shifting to digital investments. Bitcoin is now fueling demand for real estate assets, attracting investors who are looking for a faster, safer way to transfer property deeds from one party to another.  Cryptocurrency real estate transactions are now possible in Dubai under the guidance of a licensed broker. Several developers are currently accepting Bitcoin payment if licensed brokers are managing the transaction process.

While it is still a new concept, the market is now fully able to conduct such transactions. The system fully integrates with bitcoin technology, delivering a simpler and faster experience for buying real estate. Until recently, it was unthinkable to buy a villa or apartment with digital currency. However today, it is turning many dreams into reality. The Chinese investors are one of the first to trade in cryptocurrency, and this is now evident in the Dubai real estate market. Digital managing of rental real estate, and even tenant-related matters are now part of the blockchain reality. The technology has a lot of potential and is here to stay.

 What is cryptocurrency

Using cryptocurrency to buy real estate in Dubai requires ample initial research

Digital currency and blockchain technology can sound intimidating and raise a lot of doubts if you don’t understand the concept and are not familiar with all the particulars. However, to keep it simple, we will call it digital money and digital wallet. There are currently more than 5,000 digital currencies circulating, but many are most familiar with Bitcoin and Ethereum.

Bitcoin came on the market in 2009 and is still a strong performer for buying goods, stocks, and other services. Because the currency is fully digital and there is no physical bill, the owners store their cryptocurrency in a digital wallet and use it when they wish to buy or sell. Furthermore, all transactions take place via an online exchange platform. The electronic payment system obviously does not issue a standard receipt for the transactions, but rather cryptographic proof. The Bitcoin network stores all transactions which are available to the public and fully traceable. The blockchain programme records and verifies all these transactions accordingly.

Additionally, the digital world of cryptocurrency is decentralized, not fully backed up by a central bank like the American dollar, for instance. Cryptocurrency has no central authority to regulate and manage its value. Therefore, its value will be maintained by the users themselves, on the blockchain.

Benefits of using Cryptocurrency to buy Real Estate in Dubai

Blockchain offers a whole new dimension for users of digital trade. It is simple, straightforward forward and above all, safe. Moreso, it eliminates bank charges, additional fees and saves a lot of time for shifting money abroad. Digital transactions take a few minutes to complete, unlike banks or lawyers who still apply lengthy protocol and bureaucracy. The blockchain system will soon remove the “middle man” from the transactions since it uses tokenization of real estate assets.

Many countries consider new legislation and implementing changes around tokenization of real estate assets, thus creating a user-friendly platform on the blockchain.

What is tokenization of assets?

The process refers to the division of a property into digital shares or digital assets on the blockchain. The digital assets can take the shape of any other real-world assets such as funds, revenue, or property. Once the assets are tokenized, multiple individuals can enjoy ownership fractionalization by division, and most importantly, in an equal manner. For instance, many couples or even companies invest in real estate together but often do not pay an equal share. Blockchain technology and tokenization are changing this reality into a fairer scenario where each of the investing parties can own the correct fraction of the property.

Due to equal ownership, blockchain brings broader access to global asset distribution and a larger number of investors.

 Safe digital platform

Each and every cryptocurrency transaction is recorded on the blockchain and has to be verified by the system. The blockchain functions as a decentralized ledger for each transaction and is a public database available to all crypto users. However, users’ personal data and individual transaction information are secure thanks to cryptography. Furthermore, in order to prevent fraud, each transaction has a digital validation and is fully traceable via data accessibility.

It is next to impossible to hack bitcoin transactions due to blockchain technology, experts say. Taking over a network of computers running 24/7 involves a huge cost and breaching the security protocol is a highly complex operation. However, there is always a potential risk people associate with the use of digital currency.

Below, we look at some facts.

Potential Risks

As with most digital platforms, users always run the risk of network errors, inaccuracy, and technical glitches. So, if that is the case, how do you access your bitcoin records and digital wallet? Bitcoin is not a physical entity. It is not money. Furthermore, because it is not regulated or centralized by governmental bodies, it can never retain its value. Actually, it has no unique value, only that which is conferred to it by users. With the market being so volatile, so are cryptocurrencies. If the market fluctuates, it is very common for bitcoin to experience sudden drops in price. Cryptocurrencies can drop in value by equivalent of thousands of dollars.

There are legitimate fears and doubts in using digital transactions, and it makes you wonder if your digital “bitcoin wallet” is ever safe? If traditional currencies ever drop flat, the central bank would immediately step in by means of holding palpable assets in order to facilitate recovery. In the case of Bitcoin, no such thing would ever happen.

 

 

Dorchester Collection

The Residences Dorchester Collection

A LIFE LESS ORDINARY Iconic elegance and legacy converge with glamour and modern opulence at the Residences Dorchester Collection Dubai. With only 39 exquisite apartments, managed exclusively by the Dorchester Collection. This elite waterfront development in the Burj Khalifa District is the perfect embodiment of the legendary Dorchester experience.  The iconic architecture of Foster + Partners and the timeless design of Gilles & Boissier. It is simply the most exclusive living experience in the world.

IMAGINE YOURSELF COMPLETELY AT PEACE Indulge in The Residences dedicated amenities featuring a spacious outdoor swimming pool, private gym, and yoga studio. Entertain guests in the exclusive meeting rooms with a luxurious lounge opening onto the skyline members’ garden. Enjoy the exclusive benefits of  Dorchester Collection with access to the spa, rooftop pool, gym, and an array of world-class culinary food and beverage venues all through a private residential lift.

This is going to be one of the best places to buy property in Dubai 2022. For more information, visit hr@offplanfinder. ae

The Residences Dorchester Collection at Downtown

PRESTIGIOUS LOCATION Dorchester Collection Dubai residences are spectacularly positioned on Marasi Drive in the Burj Khalifa District, with easy access to Sheikh Zayed Road and Financial Centre Road connecting to Al Khail road. They are the focal point of the Marasi Marina, with iconic locations such as The Dubai Mall and Downtown Dubai simply minutes away

Burj Crown

Burj crown is nestled in Dubai’s most opulent settings of The Opera District within the Sheikh Mohammed bin Rashid Boulevard, Burj Crown offers an awe inspiring and upbeat lifestyle.

This is the crowning glory of Downtown Dubai, developed by Emaar, and is a place where modern families and individuals will take pride to reside.

Life here reflects urban sophistication with a wide range of amenities, amazing views of the iconic Burj Khalifa, and vibrant outdoor spaces offering endless possibilities.

Bespoke units

The classy residences in Burj Crown, a 44-storey tower offers homebuyers choices of 1, 2 and 3-bedroom apartments with sizes ranging from 578 sqft to 1352 sqft.

These exquisitely hand-crafted apartments provide elegant interiors and stunning views of Dubai’s skyline and its premium landmarks. Residents here get a wealth of amenities like swimming pools, a play area and dedicated barbecue areas, giving an epitome of urbane style of living.

There is a leisure deck, a spacious outdoor area, with a green zone to unwind. The roof is designed to offer spectacular view of the Burj Khalifa, the tallest building in the world. Elegantly designed lavish homes and top-notch lifestyle amenities nearby, make this ideal destination for luxury living.

Community spirit

Residents of the chic Burj Crown in Downtown enjoy a prestige address with world-famous settings. The lifestyle here is luxurious with a range of branded stores and leisure and entertainment zones including exciting spots in the nearby Dubai Mall.

Enjoy time with family and friends at the five-star hotels like Armani Hotel Dubai, The Address Dubai Mall, etc.; gourmet restaurants and fast-food outlets and view the iconic Dubai Fountain’s captivating musical show.

The nearby Burj Park is a stunning green zone, and the Opera District is a cultural hub that hosts world-famous operas, plays, concerts and events. So, occupants here have an abundance of shopping, culture, with high-class amenities all at their fingertips.

BLVD Heights

If you love a La Dolce Vita lifestyle, great city vibes, and world icons as neighbours, then living in BLVD Heights will be the perfect address to match your desires.

The modern New York and Chicago-style towers stand tall on Downtown, the bustling heart of Dubai. Set on the Sheikh Mohammed bin Rashid Boulevard, this new project by Emaar is designed with having comfort and wellness of its occupants in mind.

Homes here exude luxury, prestige, elegance and new-world sophistication. Be it a hard-working couple who enjoy an uber-cool lifestyle, or a high-net-worth investor, the charm of BLVD Heights will be hard to resist.

Bespoke units

The modern elegance of BLVD Heights matches its luxurious interiors. Homebuyers in this modern New York and Chicago-style 53 and 46-storey twin skyscrapers have choices of 1, 2, 3 and 4-bedroom apartments, penthouses and duplexes.

The sizes vary from 856 to 6,392 sqft, with each unit designed to give its residents all comfort and convenience needed in a home.

The grand entrance of the building leads to the classy homes that have the floor to ceiling windows and large open balconies, offering spectacular views of Downtown Dubai and the gorgeous Dubai skyline.

The interiors of the residences are open plan and eye-catching with ample storage options, top-line premium finish, reflecting the elite status of the property buyers.

There is an infinity pool, lounging at the beautifully landscaped pool deck, fitness centre, health club for adults and well planned secure areas for children to play, catering to all family needs.

The building enjoys a close interaction with the street life, allowing residents to blend with the surrounding urban beauty seamlessly.

Community spirit

Living here occupants are close to the emirate’s most iconic neighbourhood that houses the Burj Khalifa and the Dubai Opera.

The young at heart can go promenading in style every evening, and the Shaikh Mohammed Bin Rashid Boulevard has exciting street art, magnificent installations, dining concepts, lovely cafes and boutiques to keep residents and visitors entertained and engaged.

The area also has public amenities, such as supermarkets, the Burj Park and Burj Lake, several nurseries and schools.

There is Dubai Trolley or the Dubai Tram to go to places or else rent a bike along the Emaar Boulevard. For dog lovers, there are dog-friendly walkways around the neighbourhood.

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Address Sky Views Towers

The Address Residence Sky Views set in Dubai’s famous hub of culture and leisure -the Downtown, is an ideal address for global audiences that desire to live in world-class surroundings.

The luxurious Address Sky Views Towers  offers innovative design and features, majestic views of Burj Khalifa and the spectacular skyline of Downtown Dubai. This unique architectural feat, the twin towers are connected by a floating Sky Bridge right in the heart of Downtown.

The luxury residences in Sky Views are well crafted for individuals that look for excellence and sophistication in their living spaces.

This prominent community of Dubai assures residents have a plethora of facilities in its surroundings for healthcare, retail, leisure and recreational, blending comfort, luxury in a marvellous manner.

Bespoke Units

This beautiful twin-tower complex in the bustling Downtown Dubai sets a new benchmark of magnificent living. The architects of Burj, Skidmore, Owings and Merrill have designed this fantastic complex that consists of a hotel, serviced residences and branded apartments that overlooks the impressive Downtown skyline. There are 166 hotel rooms and 531 apartments in the two buildings that connect via a unique sky bridge.

Tower One, a 61-storey building, offers regular apartments varying from one to four-bedrooms. There are an exclusive Sky Collection luxury apartments, located on the upper levels above the Bridge Deck, comprising of three to six-bedroom apartments with stunning views of the city skyline. Tower Two, a 56-storey building, offers 167 key 5-star hotel and serviced apartments. Homes here have highest standards design, superior finishes and plush furnishings and drapery and the Sky Collection houses come with a balcony or open terrace that look out to the gorgeous views of the Dubai skyline.

Homebuyers will have access to all the five-star services of the Address Hotel, including the concierge services, world-class gym and spa facilities. The Sky Deck, has an impressive infinity pool and a signature restaurant, so, living here, homeowners the advantage of having exceptional amenities at proximity.

Address Sky Views Towers Community spirit

Living a stone’s throw away from the tallest building in the world, BurjKhalifa is a dream come turned in reality for visitors and residents alike. Homebuyers have diverse entertainment and culture facilities from all around the world and a vibrant culinary scene, all right at your doorstep.

Address Sky Views Towers are ideally suited for high flying professionals and young families alike. Residents of the serviced apartments of Tower 1 can access the hotel’s range of culinary concepts and eateries; with immersive experiences of sensorial delight, as well as a club lounge and spa and fitness centres.

Living in the city’s most stylish urban homes, occupants will have access to a multicultural, dynamic neighbourhood, popularly referred to as the Centre of Now. The occupants here have easy access to the Mohammed bin Rashid Boulevard, the main artery of Downtown that showcases a variety of premium retail and dining options.

 

Residents have ample of facilities such as retail stores, healthcare and community centres, beautiful gardens and beaches and several other top-rated leisure and recreational zones. The place provides an urban and luxurious living experience.

Downtown Views II

Overlooking the awe-inspiring vistas of Burj Khalifa, the Downtown Views by Emaar takes contemporary living to its new heights.

Located at Downtown Dubai, the luxurious homes of Downtown Views are set amidst legendary surroundings of The Opera District and the captivating Dubai Fountain.

The charm of living in Downtown Dubai continues to grow as the place exudes the epitome of urban luxury.

Residents get elegant residential options, unrivalled views of Dubai skyline, and a host of amenities of this vibrant destination to enjoy a comfortable, modern and opulent lifestyle.

Bespoke units

The Downtown Views, a luxurious 55-storey tower, offer gorgeous apartments that have style and comforts of urban living. The tower consists of 424 apartments that range from smart, single beds to well-planned three-bedroom homes for larger families. There are also duplexes on higher floors.

The three-tower of Downtown Views II have 55-stories, 418 stylish residences of 1, 2 and 3-room apartments and a collection of fantastic duplexes.

The high-end interiors and gorgeous finishes give the residences of these apartments a classy look. The grandeur of marble, the precision of steel, the ultra-modern fixtures and fittings make the units match the discerning individual’s style.

The towers are positioned well so that all units enjoy magnificent views of Downtown and the panoramic Dubai skyline including the sights of the iconic landmarks like The Burj Khalifa, Dubai Opera, Dubai Mall, Dubai Fountain and the bustling Mohammed Bin Rashid Boulevard.

Community spirit

Downtown Dubai is one of Dubai’s most prestigious neighbourhood dotted with iconic buildings. It’s a suitable place for young couples and families who work hard and enjoy the high life.

The area offers the best of living, dining, leisure and entertainment facilities. Whether it’s a young couple, individuals or families living here, Downtown Dubai has enough to keep all enthralled.

From entertainment and shopping options at the Dubai Mall or the more traditional Souk Al Bahar to an outstanding selection of food and beverage options in the area, there are many options to make your life more than comfortable here.

IL Primo

Think about new heights in luxury and a bespoke lifestyle right in the heart of the cultural and entertainment district of Dubai, and you will find the fashionable 77-storey IL Primo a perfect match.

This new high rise tower, set to be the second tallest residential building in Downtown Dubai, showcases beautiful architecture and design, adding to the fame of this iconic neighbourhood.

Imagine waking up to the beauty of the BurjKhalifa every morning or stepping out onto your balcony to enjoy the beauty and music of the Dubai Fountain or better still, take in the beautiful views of the Arabian Gulf at a distance. Living in IL Primo will make all that possible.

Bespoke units

Apartments in the 77 storey IL Primo tower reflect an exceptionally refined luxury experience with massive living spaces, overlooking stunning views of Burj Khalifa, The Fountain and the Downtown skyline.

The tower has four and five-bedroom penthouses and six-bedroom duplex penthouses that range from 5,253 sq ft to 11,550 sq ft, covering half or entire floors.

Every unit in this tower is spacious with beautifully-designed layouts with breathtaking scenic views of the iconic Dubai Opera House, Burj Khalifa and mesmerizing Dubai Fountain. Interiors are tastefully designed with marble features, sleek wooden elements and superior finishes. Homes exude a subtle elegance and sophistication, reflecting global high net-worth ultra-modern homeowners.

Its dining area has marble floors, ambient lighting and floor-to-ceiling windows that bathe the rooms in natural light during the day and great views at dusk. This project boasts of the largest unit sizes in Downtown Dubai. The building also features a recreational podium, business lounges, swimming pools, multi-purpose halls, retail destinations, and other elite services that promise a bespoke lifestyle.

Community Spirit

Residents of this luxurious tower have easy access to all the retail and entertainment options of Dubai’s famed Downtown with Dubai Mall and Souk Al Bahar at walkable distance. You have the famous Armani and Address hotels nearby, and several leisure and entertainment facilities in its surroundings.  For young working couples this is a great place to stay as it provides a vibrant nightlife with great restaurants and bars.

There’s fashion, music and culture in the air and the community comes alive for all major festivals, such as Christmas, Eid and Ramadan. Living in this thriving community gives occupants a lively lifestyle that reflects an epitome of urban luxury.

Opera Grand

Opera Grand tower by Emaar takes luxury living to greater heights. The 70 stories building lies at the center of the stylish Opera District in the prestigious Downtown Dubai.

The tower is an architectural delight with a beautiful façade, matching the classy surroundings. Additionally, you will be surrounded by iconic landmarks, such as the Burj Khalifa, Dubai Opera, The Dubai Fountain, and Souk Al Bahar. The landmarks are within walking distance of the tower. The Opera District reflects the luxury, culture, and contemporary global lifestyle of Dubai, which adds to the grand living experience of the residents. Furthermore, the skyscraper is soaring high over the Downtown skyline, providing a life of endless options for an all-inclusive exceptional experience.

Downtown Dubai is probably the most famous area for high-end retail and entertainment. That is why it combines so well being both a cultural district as well as a business hub.

Bespoke units

Besides the fantastic views of Downtown Dubai and the city’s skyline, the premium residential tower by Emaar provides spacious apartments fitted with the finest modern fixtures. Furthermore, you can choose between one to five-bedroom residences and five-bedroom podium-level townhouses with visually captivating interiors. Additionally, all units boast smart layouts and great views of Burj Khalifa. Two to four-bedroom units offer large balconies. Similarly, all homes have floor-to-ceiling windows, impressive chandeliers, and luminous living areas. The apartments provide a high level of privacy and comfort. Fitted kitchens display stone countertops and modern fittings.

The tower sits on a two-level podium and contains four basement levels for ample parking. Ultimately, prices start at AED 4,917,000 for a unit covering up to 1,638 sq. ft.

Opera Grand Highlights

The Opera District is a pioneering cultural destination in the premium Downtown Dubai, promoting Dubai’s arts, culture, and events scene. Therefore, living here gives you access to luxury hotels, fine-dining cafes and restaurants, retail shopping zones, waterfront promenades, recreational spaces, and parks.

The Opera Grand features a two-story podium showcasing retail outlets, cafes, restaurants, and a landscaped area for public use. Above the retail podium, there is a rooftop pool and health club. Furthermore, these connect via an overhead link bridge that opens with unobstructed Burj Khalifa and Burj Lake views. Dubai Mall is within walking distance as well as many other facilities nearby. The fancy area offers people a blend of cultural and ultra-luxurious modern lifestyles.

 

Vida Residences

Vida Residences Downtown by Emaar is a high rise luxurious tower at the Mohammad bin Rashid Boulevard. It offers sophisticated apartments amid spectacular and iconic city skyline views. This high-rise branded residence is an ultimate destination for those who want to live in a vibrant, lively community that promises an uber lifestyle. The residences are set adjacent to the award-winning Vida Hotel. Furthermore, residing here will make you feel at home right away. Vida standards and services raise the bar for quality and comfort to new levels. These serviced homes are the ultimate premium city living offer.

Bespoke units

The 58-storeys reveal an imposing tower in a triangular-shaped design. Homebuyers can choose from one, two, and three-bedroom elegant apartments with spectacular views of the city and the Dubai Fountains.

Furthermore, the complex offers 335 serviced apartments, a statement of good taste and high living. The podium level connects with the Vida Downtown Dubai via an air-conditioned glass bridge. Therefore, residents can avail themselves of the great hotel amenities. The apartments have premium refined fixtures and stylish contemporary fittings inspired by 1920s New York art deco. Units combine a beautiful blend of modern and vintage aesthetics. Two-bedroom units come with partial Burj Khalifa views, while the three bedrooms have full Burj Khalifa views. In addition, they offer an abundance of space, modern decor, and kitchen appliances.

Prices start at AED 2,900,000 for two bedrooms and AED 28,000,000 for a five-bedroom penthouse.

Vida Residences Highlights

The tower sits on a 3-level podium well equipped with modern amenities. For instance, a fitness center and attractive pool are at your disposal to ensure your wellness. Furthermore, a garden and play area will attract the kids for fun and enjoyment. A 24-hour desk and banquet facilities ensure you receive the best of services. The vibrant Mohammed Bin Rashid Boulevard with the Dubai Mall nearby promises a memorable experience. Furthermore, you are a few steps away from Dubai’s world-famous landmark structure, Burj Khalifa. Residents here have access to a range of five-star hotels, gourmet restaurants, and fast-food outlets. There are also numerous luxury branded stores for high-end shopping indulgence.

Similarly, other attractions here are Dubai Fountain’s captivating musical shows, Armani Hote, or The Address Downtown. In addition, Burj Park nearby is a spectacular green zone, an ideal spot for the residents to unwind with family and friends. Last but not least, The Opera District is a cultural hub that hosts world-famous operas, plays, concerts, and events.

Address Fountain Views

Address Fountain Views brings you Dubai’s most elegant and sought-after address. It is the ultimate address that sets a dazzling benchmark for style ad elegance. With a glorious Downtown location on Mohammed Bin Rashid Boulevard, these serviced residences come with remarkable views of the uber-cool surroundings. For instance, the striking views of Burj Khalifa, The Dubai Fountain, and the Dubai skyline are incomparable throughout the city. The masterpiece includes both a 5-star Address Hotel and luxury residences limited series. This is the first-ever serviced residence complex in Downtown Dubai.

The three distinct towers continue redefining Dubai’s marvel architecture, adding glamour to the skyline. The building facade boasts a stunning design with delicate transparency and floor-to-ceiling windows. In addition, the buildings feature a 15-story mixed-use podium, with retail, parking levels, and a link bridge connecting to Dubai Mall.

Bespoke Units

These elegant Fountain Views offer a choice of over 788 lavish residences, including studios, one to four-bedroom flats, duplexes, and penthouses. Displaying floor-to-ceiling windows with stunning views over Dubai Fountains, the homes open with modern finishes and spacious interiors, marble bathtubs, and fitted wardrobes for maximum storage. Additionally, kitchens are fitted with premium appliances, while living and dining areas showcase premium furniture. Similarly, balconies come in a generous size. Furthermore, the uppermost six levels of the building host extraordinary penthouses with rooftop terraces and sizes up to 8,000 sq. ft.

The complex also has 194 hotel rooms.

Prices start at AED 2,000,0000 for two bedrooms and AED 11,000,000 for a four-bedroom penthouse.

Address Fountain Views Highlights

Living at the heart of a dynamic, cosmopolitan community with world-class appeal is a one-of-a-kind luxury experience. When your home overlooks Burj Khalifa and Dubai Fountains, you know you are part of something big.  The structures are an Emaar symbol, central to the city’s vibrant tourism and dynamic culture. For example, it is a prime location for business and commercial hubs such as Emaar Square or Dubai International Financial Centre. Similarly, Address Fountain Views holds an impressive business lounge and private majlis designed for business guests.

Other highlights and facilities include a rooftop deck, a health club, gym, spa, jacuzzi, and sauna. Also, the fitness center has a yoga studio which includes personal assistance from certified trainers. The famous neighborhood caters to all lifestyle needs of both visitors and residents. Furthermore, a 100-meter long infinity pool, a spa, and top leisure facilities will ensure you receive the royal treatment.

Last but not least, The Address Fountain Views has direct access to the world’s largest shopping and entertainment mall – Dubai Mall.

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