Developer of world’s tallest building now accepts Bitcoin

bitcoin use
The Burj Khalifa in Dubai was developed by Emaar Properties.

The world’s biggest property company outside China, Emaar Properties, appears to now be allowing clients to purchase properties using Bitcoin and Ethereum.

Emaar Properties is best known for developing the tallest building in the world, Dubai’s Burj Khalifa.

In 2018 the company handed over more than 51,800 residential units across the world while more than 29,800 residences are currently under development in the UAE and over 17,500 units in other parts of the world.

In an email, leaked on Twitter this morning, the Dubai-based company has advised real estate agents that it will now accept cryptocurrency payments.

bitcoin use
The message to Real Estate agents from Emaar Properties. The image was uploaded to Twitter.

“We are pleased to announce now that all customers will be able to buy Emaar Properties using digital currencies (Bitcoin and Ethereum),” the email reads.

“The transaction will happen through one of the biggest brokers of digital currencies in the world ‘Bitcoin Suisse’ who are regulated and based in Switzerland.

The image of the email was tweeted by Dubai-based Twitter user CoinzData.

Last year Emaar Properties recorded around US$7b in revenue.

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