- News
- Launch of NFT and acceptance of Bitcoin as a payment method by Emirates Airlines and net profit growth of Emaar in Q1 2022
Emirates Airline is to start accepting Bitcoin as a payment service for customers to:
- Purchase flight tickets
- Shop in duty-free
- Book hotel rooms
Emirates has also launched Non-Fungible Tokens (NFTs) to be traded through its websites.
One of the most expensive villas in Dubai sold to a European investor for $17 million
Palm Jumeirah Area – 799m² Villa with private beach features 5 bedrooms with premium finishes and equipped with a smart home system. The property has a garden and a swimming pool.
Emaar announced a net profit growth to $610 million in Q1 2022
This is 240.7% more than in Q1 2021 ($179 million). Compared to Q1 2021:
- Revenue increased by 12% to $1.8 billion
- Property sales in Dubai increased by 17% to $2.3 billion
Earlier, Emaar announced the start of sales of apartments in the Orchid project. Sources: Khaleej Times, Gulf News, The National News
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