Dubai property broker inks deal to offer crypto payments

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Huobi has partnered with Dubai-based Fam Properties to offer secure crypto payment options for real estate investors

Huobi, a digital assets exchange provider, has announced that it has partnered with Dubai-based Fäm Properties to offer secure crypto payment options for its real estate investors.

Fäm Properties, which was recently honoured by the Dubai Land Department (DLD) following over AED10 billion sales, is offering its individuals and institutional clients the opportunity to buy and sell property using cryptocurrencies such as Bitcoin, Ethereum and Ripple.

It said in a statement that Huobi is licensed by DMCC, ensuring that customers a seamless transaction experience that is legal, fully compliant, safe and secure along with the benefits of competitive pricing and instant transfers.

It added that such crypto payment methods will help bring stability and improve liquidity in the market.

Feras Al Msaddi, CEO, Fäm Properties said: “We have selectively partnered with Huobi – one of the largest and preferred digital assets exchange provider in the world. This partnership will provide our clients immense opportunity and the ease of investing in prime locations in the UAE.

“Cryptocurrencies are becoming an increasing popular payment method, across all world class cities, and this added choice will increase our property transactions and bring more value to the real estate market here.

“This cooperation between Fäm Properties and Huobi will allow real estate investors to leverage on a well-established and a well-tested smooth framework that provide them with an absolute faultless experience.”

Mohit Davar, co-founder, Huobi DMCC, added: “Cryptocurrencies are reshaping the payment options for the real estate industry. Huobi has the liquidity and the resources to be able to meet the customer’s demands and provide a seamless experience.

“In this era of digital financial engagement, we are glad to have partnered with UAE’s leading real estate agency fäm Properties to meet their client’s aspirations.

“This new service is another milestone in our journey and will be expanded to more verticals ranging from automotive, retail, luxury goods to offer both our clients and customers the opportunity of choosing crypto as a payment option.”

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