The latest buzz in the property world is DubaiCrypto market which is taking place all across the region. Is Dubai Crypto friendly? The answer to this is a resounding yes! Dubai has become the leading tourist and business destination in the Middle East and rightly so. Located on the coast of the Persian Gulf, Dubai has more to offer its visitors than most countries in the World combined.
The success of Dubai property sales has created a huge demand for all types of foreign investors to purchase and invest in real estate properties in Dubai. The popularity of Dubai's real estate market is due in large part to the fact that Dubai introduced an interest free policy which allows its residents to purchase Real estate with Bitcoin having to meet any form of financial service or obligation. This policy has resulted in a major inflow of investment capital from around the world and the resultant surge in demand for all types of real estate in Dubai has created a considerable increase in the prices of real estate and the real estate market throughout the region.
Another reason as to why Dubai is considered Dubai cryptobit friendly is due to the fact that the government of Dubai has taken a rather unique approach to regulating the foreign exchange market within the country. Rather than trying to centralise the collection of information and data from different sources and relying upon brokers to compile the information and keep track of foreign investment trends and movements, the Dubai government has chosen to work directly with a network of foreign exchange specialists who are responsible for keeping a constant and vigilant watch over the market. This method of intervention has proved to be quite effective in stabilising the market and allowing both domestic and foreign investors to properly calculate their investment into the country. The combination of strict regulation and direct foreign investment into the economy has seen the value of the DME (denominative measure of value) rocketing in recent years and has created a situation where more new wealth is being created within the economy every single day.
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