Dubai's real estate and encryption authorities have signed a new agreement aimed at expanding the accreditation of digital assets in the real estate sector.
On April 6, Dubai Ministry of Land (DLD) Declare An agreement with the regulatory authority of virtual assets (VARA). According to the announcement, the agreement will link the real estate registry in Dubai with property symbols through the governance system.
The agreement aims to improve digital infrastructure and attract global investment by enhancing market liquidity and property efficiency.
It also aims to support the broader economic strategy in Dubai, which includes a target to double the city's gross domestic product over the next decade.
Related to: Talia and Damac Signature of 1B Deal The new development pilot follows the DLD's last project to convert real estate assets into Blockchain digital codes. On March 20, DLD announced the experimental phase of the real estate symbol project. The launch of the distinctive symbol DLD made the first real estate registration entity in the United Arab Emirates for the symbol of property ownership. DLD expects the initiative to increase the growth in real estate investment, with the aim of reaching a value of more than $ 16 billion by 2033. Scott Thy, co -founder and CEO of the true word of the word (RWA) Tokinvest, Cointelegraph that the new development shows a clear message from the United Arab Emirates government: “In just three weeks, Dubai has moved from the experimental launch to strategic implementation and the message is high and clear: the future of real estate investment is ONSAIN.” Thil also said that the two sides working alongside will create a more intelligent model that opens the real estate market in Dubai to a global group of investors. “This is not just another memorandum of understanding. It's Playbook for Real Estate 2.0,” Thiel told Cointelegraph. The executive authority urged investors all over the world to notice what the United Arab Emirates is doing in terms of the distinctive symbol. Thil said that this “how it looks like the future of real estate.” https://www.youtube.com/watch? magazine: Crypting fans are obsessed with longevity and vital length: this is the reason
A new real estate model opens the Dubai market for global investors
Comments are closed, but trackbacks and pingbacks are open.