Buying property in Dubai with cryptocurrency

[CaptK]

Also, according to captK selling for cash doesn't make much sense, since you don't get a receipt and therefore can't show up with that cash elsewhere.

So, are we back at the beginning (at least for nonEEAs) with Fred's convoluted setup and slower cash-out over time?

If you have no tie to UAE and your company is new with no activity then it's a dead duck.

I sell units for crypto and it's a face to face transaction. You can purchase something now with crypto and put it back on the market tomorrow. Wait for it to sell and then you can deposit the cheque in the bank.

It's a risk but one that will pay off IF you buy in the right place.

 

[troubled soul]

Hey @CaptK and @Fred

What about Dubai land department charges?
4% fees can be paid in cash or seller paid that amount.

Can whole transactions done in using crypto ?
Without having bank account ??
All charges?????

 

[CaptK]

Hey @CaptK and @Fred

What about Dubai land department charges?
4% fees can be paid in cash or seller paid that amount.

Can whole transactions done in using crypto ?
Without having bank account ??
All charges?????

Yes everything can be paid with crypto.