In line with the Dubai Government’s vision to accelerate digital transformation and strengthen the emirate’s position as a global hub for technological innovation and smart real estate investment, the Dubai Land Department (DLD) signed a memorandum of cooperation (MoC) with Crypto.com to develop a digital investment environment for virtual real estate assets and explore the use of blockchain technologies and digital currencies within the sector.
The signing of the MoC follows the announcement of Dubai Government’s plans to enable the payment of government fees using digital currencies — a major step forward in integrating technology with public services and reinforcing the emirate’s leadership in government innovation.
The initiative also aligns with the Dubai Real Estate Strategy 2033, which aims to build a smart, sustainable, and knowledge-driven real estate ecosystem. By embracing advanced technologies, Dubai is strengthening its attractiveness for high-quality investments and accelerating its progress towards its AED1 trillion real estate transactions target for 2033.
The agreement was signed by His Excellency Omar Hamad BuShehab, Director General of the Dubai Land Department, and Mohamed Abdul Latif Al Hakim, the authorised signatory for Crypto.com, in the presence of several officials and CEOs from both sides.
