First Dubai landlords agree to accept Bitcoin rent payments

One of Dubai’s largest real estate brokerages has revealed that some landlords will start accepting Bitcoin payments for residential property rentals starting next month.

fäm Properties said that from October 1 a number of landlords whose properties are managed by the company are willing to accept Bitcoin rental payments for a limited number of apartments at City Walk in the heart of Jumeirah, provided there are clear regulatory guidelines in place.

Firas Al Msaddi, CEO of fäm Properties, said the initiative had been inspired by the recent announcement that a real estate project at Dubai Science Park is to be the first major development where buyers can purchase property in Bitcoin. Details here