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- Buying real estate in cryptocurrencies, Damac group investments to build 'digital cities' and construction of Park Views
Damac Properties has made it easier to buy real estate in Bitcoin and Ethereum cryptocurrencies by facilitating their conversion into Dirhams.
In March 2022, Dubai passed the law regulating virtual assets.
Damac Group will invest $100 million to build 'digital cities' in the metaverse.
The project will be run under a new unit called 'D-Labs'. The goal is the transition to move into digital assets and non-fungible tokens (NFT). Earlier, Dubai launched the world's first virtual mega city, Metaverse Dubai.
Samana Developers breaks ground on its $35.4 million Park Views project in Dubai.
Arjan Area – 17,000m² The project was sold out by 80% within 4 days after the start of sales in October 2021. Sources: Trade Arabia, The National News, Property New
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