Using Cryptocurrency to Buy Off-Plan Property in Dubai

Crypto Buying

• Can I use cryptocurrency to buy off-plan property in Dubai?

  Yes, some developers in Dubai now accept cryptocurrency for off-plan property purchases through approved third-party platforms. However, transactions are typically converted into AED at the time of payment to comply with UAE Central Bank regulations.

• What cryptocurrencies are accepted when buying real estate in Dubai?

  Commonly accepted cryptocurrencies include:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • USDT (Tether)

  However, acceptance depends on the developer's policy and their payment partner’s capabilities.

• Is it legal to buy real estate with cryptocurrency in the UAE?

  Yes, it is legal to use cryptocurrency for property transactions in Dubai if the payment is processed through regulated channels. The crypto must be converted to AED via a licensed OTC or crypto exchange before being accepted by developers or brokers.

• Are there any risks involved in buying off-plan property with crypto?

  Yes, risks include:

  • Crypto market volatility affecting value during conversion
  • Unregulated exchanges that may delay or block payments
  • Limited refund policies in case of cancellation or dispute

• Which developers in Dubai accept cryptocurrency for property purchases?

  A few prominent developers and real estate platforms such as:

  • DAMAC Properties
  • Ellington Properties (via Binance Pay)
  • Binayah & fam Properties (brokerage platforms with crypto partners)

• Do I still need to pay DLD fees and registration costs when using crypto?

  Yes, even if you pay using cryptocurrency, you must:

  • Settle the 4% DLD registration fee in AED
  • Cover admin, Oqood, and NOC charges in local currency
  • Register your property through Dubai Land Department (DLD)