In a major move for crypto adoption in real estate, Dubai-based DAMAC Properties and African investment firm Umisiri have launched a program allowing luxury properties to be purchased using Bitcoin, Ethereum, or Tether. The initiative, announced at the Luma-hosted event “Token to Title Deed”, aims to attract high-net-worth investors seeking to diversify into Dubai’s booming property market using digital currencies.
Unlike full tokenization models, such as Dubai’s Prypco Mint, this new program strictly involves crypto as a payment method. Legal ownership remains off-chain, processed through the Dubai Land Department and often structured via offshore entities—ensuring full compliance with UAE real estate regulations.
Prospective buyers must first register and verify their crypto wallets. Once approved, they gain access to exclusive property tours, consultations with DAMAC advisors, and legal support tailored to crypto-funded transactions. Despite the digital payment method, title deeds remain traditional, with no blockchain-based token issued for ownership rights.
This move marks another strategic milestone for DAMAC, which earlier this year announced a $1 billion partnership with blockchain firm MANTRA to tokenize future projects. However, the Umisiri-DAMAC collaboration is separate from that initiative and focuses solely on crypto-funded, legally recognized property acquisitions.
As the UAE strengthens its crypto-friendly ecosystem, this program underscores a growing trend: bridging traditional assets like real estate with the evolving world of digital finance—without waiting for full regulatory rollout of tokenized ownership.