Business
New rules for UAE real estate industry for property bought with cryptocurrency
Published
4 years agoon
The Ministry of Economy (MoE) and the Ministry of Justice (MoJ), in partnership with the UAE Financial Intelligence Unit (FIU), have announced the introduction of new reporting requirements aimed at certain real estate transactions.
The UAE is one of the first countries to implement such a mechanism for real estate transactions involving virtual assets, marking the latest example of the UAE’s global fight against money laundering and terrorist financing.
All real estate agents, brokers, and law firms are obliged to file reports to the FIU for purchase and sale transactions of freehold real estate properties in the UAE that include any of the below three methods of payment, whether for a portion or the entirety of the property value:
- Single or multiple cash payment(s) equal to or above AED 55,000
- Payments that include the use of a virtual assets
- Payments where the fund(s) used in the transaction were derived from a virtual asset.
The reporting mechanism requires real estate agents, brokers, and law firms to obtain and record the identification documents of the parties to the applicable transaction, among other relevant documents related to the transaction.
The rules apply to both individuals and corporate entities that are parties to the above real estate transactions.
The relevant private sector entities have been informed about the specific requirements in regulatory circulators issued by the MoE and MoJ.
Additionally, to ensure preparedness, UAE authorities have collaborated to host three separate workshops with real estate agents and brokers, as well as law firms, helping to guide them through the new reporting requirements and enhance their familiarisation with the FIU’s anti-money laundering system. The MoE and MoJ apply a proactive, risk-based supervisory approach in line with UAE legislation and the international standards set by the Financial Action Task Force (FATF).
Cryptocurrency terms in the UAE
According to real estate agency OPR, though you can buy real estate with cryptocurrency, it is impossible to pay with it directly. According to the requirements of the UAE Central Bank, all transactions outside the territory of the state must be carried out using the national currency – the dirham (AED).
In this case, it is necessary to transfer the digital currency to the account of the trading company and then get a cheque for the agreed amount of money. Only then can you pay for the purchase.
How to buy and from whom to buy with your virtual assets
FAM Properties has tied up with Singapore exchange company Huobi to facilitate such transactions while Binance and other cryptoexchanges have set up bases in the UAE.
The most well-known Dubai developers are ready to offer real estate to cryptocurrency holders. Among them are Emaar Properties, DAMAC Properties, Select Group, Dubai Properties, Meraas, Fam Properties and MAG Lifestyle Development. But an important condition is the co-operation with only licensed real estate agencies, brokers and trading companies with an impeccable reputation.

Emaar Beachfront is one of the properties you can buy with cryptocurrency.
The following projects have been listed as of December 2021 that can be bought with cryptocurrency, although the list has widened much more since:
- Emaar Beachfront by Emaar Properties, located between the Palm Jumeirah and Mina Seyahi
- Bulgari Residencies, located on Jumeirah Bay Island, is a complex by Meraas
- Port De La Mer, also by Meraas, in Jumeirah 1 area
- Cavalli Tower, a project by Damac Properties, on Dubai Marina
Announcements
Odisha Targets Export-Led Industrial Growth Through High-Level UAE Investment Outreach
Published
3 days agoon
September 5, 2026
The Odisha government will undertake a three-day investment outreach to the United Arab Emirates from September 9 to 11, led by Chief Minister Mohan Charan Majhi, as the state steps up efforts to attract global capital, expand export-oriented industries and strengthen business ties with the UAE.
The outreach will cover Abu Dhabi and Dubai, bringing together UAE-based investors, sovereign and institutional funds, financial institutions, industry leaders, Indian business professionals and business organisations to explore investment, technology collaboration, industrial partnerships, exports and value-chain opportunities in Odisha.
A key focus of the visit will be on export-oriented manufacturing and materials, building on Odisha’s established strengths in metals and metallurgy while seeking investments in higher-value manufacturing and downstream industries.
The state will showcase opportunities across metallurgy and metals downstream industries, food and seafood exports, port-based industrial and logistics parks, shipbuilding, rare earths, slurry pipeline infrastructure, and chemical and petrochemical parks.
With its established industrial base and strategic location along India’s eastern coast, Odisha is positioning its ports and related infrastructure as major drivers of future industrial growth. The government expects port-led development to open up opportunities for integrated manufacturing, logistics, exports and global supply-chain linkages.
The UAE engagement will also seek to accelerate Odisha’s transition from traditional industrial sectors towards technology-driven, higher-value industries, with an emphasis on developing integrated value chains within the state and connecting local production with international markets.
In Abu Dhabi, the Odisha delegation is scheduled to hold discussions with leading investment institutions, fund houses, sovereign investment platforms and UAE-based organisations. The talks will focus on investment opportunities, foreign direct investment, industrial partnerships and long-term capital participation.
The Dubai leg will feature meetings with industry leaders, metals and downstream companies, logistics and infrastructure players and other potential investors. Sector-specific roundtables and one-to-one meetings are expected to provide a platform for the state to pitch specific projects while understanding the requirements of global companies looking to expand their presence in India.
A major component of the programme will be meetings with fund houses and UAE-based organisations, focusing on project financing, strategic partnerships and FDI opportunities in Odisha. The delegation will also engage with the Indian business community in the UAE, including professionals and business leaders who could help deepen India-UAE economic ties and facilitate international business connections for Odisha.
The Odisha Investors Meet – UAE will serve as a broader platform to showcase the state’s investment ecosystem, emerging opportunities and sector-specific projects to investors from the UAE and the wider MENA region. The government expects the programme to generate potential investment commitments and new industrial partnerships.
Chief Minister Mohan Charan Majhi said Odisha was seeking partnerships that could connect the state with global capital, technology and markets while strengthening its industrial ecosystem. “Odisha has a strong industrial foundation and immense potential to become a major hub for export-oriented and value-added manufacturing. Through our UAE outreach, we seek to connect Odisha with global capital, technology, markets and strategic partners. Our focus is on building long-term partnerships that can transform our industrial ecosystem, strengthen value chains and create new opportunities for our people.”
Industries Minister Sampad Chandra Swain said the government was targeting both established and emerging sectors, with a focus on value addition, exports and technology adoption. “From metallurgy, metals and downstream industries to ports, logistics, food and seafood exports, rare earths, shipbuilding, chemicals and petrochemicals, we are presenting a wide range of investment opportunities. We are particularly looking at investments that promote value addition, exports, technology adoption and the transition towards higher-value industries.”
The UAE outreach forms part of Odisha’s broader strategy to attract global investment and technology while strengthening export-oriented production, port-led industrialisation and international value-chain integration.
Announcements
Emirates Unveils Electric Privacy Screens in Premium Economy
Published
5 days agoon
September 3, 2026
Emirates is taking its award-winning Premium Economy cabin up another notch, introducing what it says is the world’s first electrically powered Premium Economy seat with a full-height adjustable privacy screen.
The new seats will debut aboard the airline’s newly delivered Airbus A350 aircraft, giving passengers greater control over their personal space while adding a host of comfort and technology upgrades to the cabin.
Configured in a spacious 2-3-2 layout with just 28 seats, Emirates’ latest Premium Economy cabin features seats measuring 20 inches wide, with up to 39 inches of pitch. The seats recline into a cradle position designed to provide a more comfortable sleeping experience without encroaching on the passenger behind.
At the centre of the new design is the electrically operated privacy divider. Passengers can raise or lower the screen at the touch of a button and lock it at their preferred height, creating a more secluded space for working, dining or relaxing.
The new seats are also Emirates’ first fully electrically powered Premium Economy seats. Through an integrated Passenger Control Unit, travellers can adjust their seating position and select dedicated settings including lounge and meal modes.
More comfort, from head to foot
Emirates has also introduced Safran Seats’ U-Dream headrest, a leather design featuring adjustable wings that can be positioned to provide additional support for the head and neck.
A manually deployable leather footrest adds another layer of comfort, particularly on long-haul flights, helping passengers relax and reduce leg fatigue.
For passengers travelling with multiple devices, the cabin introduces wireless charging in Premium Economy for the first time on Emirates. Each seat also comes with USB-C charging and a redesigned tray table featuring an integrated phone holder, allowing travellers to use their smartphone as a second screen while eating or watching content.
A sharper entertainment experience
Passengers on the new A350s will have access to Emirates’ ice inflight entertainment system through a 13.3-inch 4K HDR touchscreen, offering high-resolution images and faster, more responsive navigation.
The aircraft itself will also provide an enhanced view of the journey. New A350 aircraft will feature additional exterior camera perspectives, adding left- and right-facing views to the existing forward and downward cameras.
Premium dining remains part of the experience
The upgraded seat comes alongside the dining service that has helped distinguish Emirates Premium Economy from many competing products.
Passengers are served regionally inspired menus prepared by Emirates chefs, with meals presented on Royal Doulton fine china, accompanied by linen napkins and stainless-steel Robert Welch cutlery.
The beverage programme includes Chandon Vintage Brut 2021, an Australian sparkling wine available exclusively to Emirates Premium Economy customers worldwide.
From September, passengers on selected routes can also expect wines including Chablis Premier Cru Jean-Marc Brocard 2024 from Burgundy and La Parde de Haut-Bailly 2014 from Bordeaux.
October will bring another first, with Wiston Estate Brut NV becoming Emirates’ first English sparkling wine. It will be served exclusively in Premium Economy on UK routes.
Emirates says it has invested more than US$1 billion in its wine portfolio since 2006, underscoring the importance the airline places on its onboard beverage programme.
Sustainable amenity kits add another touch
On long-haul flights, Premium Economy passengers will also receive reusable amenity kits created in partnership with United for Wildlife.
The collectible bags are designed around endangered wildlife and four natural habitats, with bio-based materials used throughout. For the first time in Emirates Premium Economy, the kits will include plant-based skincare products from Aveda, alongside travel essentials such as socks, eyeshades, earplugs and dental kits.
Emirates continues to expand Premium Economy
Emirates launched Premium Economy in 2022 as a product positioned between its Economy and Business Class cabins. Since then, the airline has steadily expanded the cabin across its fleet, with the product now available across markets served by its Airbus A350 aircraft.
The latest generation is clearly designed to push Premium Economy closer to the Business Class experience, combining wider seats, generous legroom, greater privacy, upgraded dining and high-end entertainment.
The product has already collected several industry accolades, including Best Premium Economy Class at the Business Traveller Middle East Awards in 2024 and 2025, as well as Airline with the Best Premium Economy Class at the 2025 ULTRAs Awards.
With the introduction of its electrically powered seat and full-height privacy screen, Emirates is once again betting that the future of Premium Economy will be defined not simply by extra legroom, but by greater personal space, technology and control.
For passengers, that could mean a Premium Economy seat that feels less like an upgraded economy chair — and increasingly like a private space of its own.
News
Crackdown on Illegal paying guests: Dubai’s new shared housing law takes effect with fines up to Dh1m
Published
2 weeks agoon
August 27, 2026
Dubai’s new legislation governing shared accommodation officially came into effect on August 26. Applying across the entire emirate, including free zones and special development zones, the comprehensive framework is designed to eliminate dangerous, overcrowded, and unauthorised partition rentals while establishing formal licensing standards for communal living.
What qualifies as shared housing?

Under the law, shared housing is defined as any residential property where individuals or families occupy private designated living spaces while sharing common facilities like kitchens, bathrooms, and dining areas.
Who is permitted to rent out shared units?

The new framework strictly bans unauthorised subletting by tenants. A primary tenant can no longer rent out individual bedrooms, partitioned spaces, or bed spaces directly to roommates or third parties.
Only the following entities can legally offer shared housing:
- Registered Property Owners: Leasing spaces directly to occupants under formal contracts.
- Licensed Management Companies: Authorised operators contracted by the owner to run and lease the property.
- Licensed Operators Subletting Master Leases: Approved commercial entities leasing an entire property from the owner to sublet authorised units to tenants.
Penalties for violations

Authorities have introduced strict financial and operational consequences for non-compliance:
- Initial Fines: Dh500 up to Dh500,000, depending on the severity of the violation.
- Repeat Violations: Fines double for repeat offences committed within one year, capped at Dh1,000,000.
- Operational Sanctions: Authorities may suspend operations for up to 6 months, revoke commercial licenses, cancel permits, disconnect utilities, seize equipment, or order the direct evacuation of non-compliant properties.
Grace period & tenant protection

- Compliance deadline: Existing shared housing operators and property owners have until August 26, 2027, to obtain permits and bring their properties into full compliance.
- Protection from sudden eviction: If an operator’s permit is suspended or cancelled, authorities can grant occupants an interim stay period to secure alternative accommodation rather than facing immediate eviction.
Approved property/resident categories

The regulation permits shared accommodation across six distinct property types:
- Residential apartments
- Detached/standalone houses
- Residential complexes
- Mixed-use buildings
- Attached / adjoining houses
- Multi-storey buildings
Permitted occupant groups include families, single men, single women, university students, government personnel, and private sector corporate employees. Corporate and student housing provided directly by employers or educational institutions does not require individual tenancy contracts.
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Odisha Targets Export-Led Industrial Growth Through High-Level UAE Investment Outreach
