Real estate Dubai - Crypto

[Joukilop]

Hello everyone,

I am looking for "stories" of people who have invested in Dubai real estate with crypto?

What was your process? What interests me is mainly the administrative part. Are they very careful? What questions did you receive?

Thank you in advance,

GOOD DAY CRYPTO BROOOOOOS.

 

[asaud]

As far as i know you can buy with crypto, or cashout crypto then buy it. No questions asked except which crypto network you'll prefer to send the money. But when you sell it and wire it outside of country they will ask SoF

 

[aniglo22]

Some OTC desks offer manager cheques , which can be used to purchase real estate . e.g https://2rbina.net/

 

[Joukilop]

As far as i know you can buy with crypto, or cashout crypto then buy it. No questions asked except which crypto network you'll prefer to send the money. But when you sell it and wire it outside of country they will ask SoF

Thanks for your answer.

From your experience, if we sell the apartment in AED. Will they ask for a SoF?

When you say the SoF, you mean: "how did I get the money to buy the apartment" correct?

One last question if you're ok, do you think it is possible to receive the rents on a bank account outside Emirate?

 

[Joukilop]

Some OTC desks offer manager cheques , which can be used to purchase real estate . e.g https://2rbina.net/

Thanks for your message

 

[asaud]

Thanks for your answer.

From your experience, if we sell the apartment in AED. Will they ask for a SoF?

When you say the SoF, you mean: "how did I get the money to buy the apartment" correct?

One last question if you're ok, do you think it is possible to receive the rents on a bank account outside Emirate?

They key issue is, if you want to deposit it to Dubai bank after you sold property, then youre ok. But afterwards, if you want to transfer it outside of UAE, you will need to show proper documents regarding how did you buy that apartment at the first place.

And yes ofcourse you can receive rents to your bank account outside of UAE