It’s relatively easy – you just need to use service providers such as Estati.ae that can help with end-to-end real estate investment with crypto. In some countries it’s easier and in some countries it is more complicated. For example, in Dubai, United Arab Emirates, it’s very common to acquire real estate with crypto, you just need to send the crypto (e.g. BTC, ETH, USDT) to an escrow account and get a Manager’s Cheque – representation document that funds are available to the seller once the transaction is completed. Not to mention, Dubai is tax-free. Full information can be found here on how to buy real estate with cryptocurrencies in Dubai.
Where do I start with the service
Estati.ae, a company headquartered in Dubai and operating internationally, uses smart contracts to conduct real estate transactions with multiple cryptocurrencies, which digitally leverages digital assets such as Bitcoin, Ethereum, USDT and other cryptos. Escrow services for the purchase and sale of real estate in the United States and Canada are also provided. In Dubai, UAE, you need a Manager’s Cheque that will be issued as you first deposit to the escrow account, and later the seller receives the payment in the local currency or cryptocurrency.
Consulting services are still recommended
It is strongly recommended to consult with a consulting and legal firm before you proceed with investing with crypto. This is because it’s still different compared to the fiat and regularly institutions might still ask questions…
When buying real estate abroad, your name will be in the documents representing the ownership of the property.
Changes in the real estate market
Estati is a brand new real estate platform that uses blockchain to help people look for new investments directly from the developer and off-market investments (the ones that are not advertised anywhere, you have to know owners in person!). t is an end-to-end platform for real estate transactions with a secure, seamless trust guarantee.
This investment space is rapidly growing and international brokers are offering the crypto investment services. To date, there are more than 2.5 million objects for which Bitcoin can be used for purchase, including real estate, and to date there have been over 3,000 Bitcoin transactions in the US and over 1,500 in Canada, not including Dubai where cryptocurrency transactions happen every day.
Because cryptocurrencies are inherently volatile, and most brokers need to liquidate them relatively quickly, they charge fees. The offer to accept Bitcoin as a means of payment could provide sellers with an incentive to move their holdings to real estate. This small premium will save you the cost of exchanging Bitcoin or Ethereum for a fiat currency. If many investors use blockchain to improve the market as a whole, they may soon see real estate that can be bought with cryptocurrencies as one of the most attractive options.
Diversify your portfolio
If you are buying any kind of real estate (or any other matter) with Bitcoin or any other cryptocurrency, you need a seller who is willing to accept your offer. However, in Dubai it’s easier – you just need a Manager Cheque from the escrow account – this is where Estati.ae can help.
To be frank, a lot of transactions are using Bitcoin and a service called “crypto exchange” e.g. BitPay to convert Bitcoin into US dollars (USD) to transfer money to the seller. Sometimes the problem is that you need to find an exchange with good liquidity, especially if you are buying real estate for 10.000.000 dollars or more.
Many people see Bitcoin as a potential alternative investment strategy, and today Bitcoin can be used to sell houses or buy houses.
One of the most obvious ways Bitcoin will inevitably have an impact on real estate is by providing a new sales platform. BTC and other cryptocurrency escrow services are emerging, and there is even a property you can buy in Dubai. Other services, such as off-market investments are also available worldwide.
Dubai, UAE is one of the first place you would expect Bitcoin – hedged real estate transactions – to be, but it is, in fact, one of the earliest and first places where the cryptocurrency is supported. This island in Indonesia is not the only one expected to use Bitcoin to secure its real estate transactions. The first location to support the popular cryptocurrency is actually the second largest city in the world, after London.
