19 Hrs
Source:
الخليج
Dubai adopts smart apps for Gen Z apartment access
Dubai is working on introducing an advanced digital system into the real estate market by offering 10 residential units through blockchain tokenization, with a total value of up to 18.51 million dirhams, achieved by purchasing 8.76 million tokens. This development aims to expand the investor base by lowering the minimum investment threshold to just 1,000 dirhams, making fractional investment easier and making real estate more accessible to young people and individuals from Generation Z and Alpha. Additionally, the new model transforms the concept of property ownership, allowing investors to own a partial stake in a property and trade it digitally. This promotes transparency and flexibility, encouraging new investors to enter Dubai's real estate market. This initiative is part of a strategic plan to transform Dubai into a global hub for real estate innovation, leveraging blockchain technology to enhance transparency and trustworthiness.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)