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New rules for UAE real estate industry for property bought with cryptocurrency

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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:

  1. Single or multiple cash payment(s) equal to or above AED 55,000
  2. Payments that include the use of a virtual assets
  3. 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.

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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

India’s BCKIC 2025 Conclave to unlock $10–50 billion green market access for UAE and GCC leaders

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The stage is set for one of the most significant India–Middle East business dialogues of the decade, as the Bhubaneswar City Knowledge Innovation Cluster (BCKIC) 2025 Conclave prepares to open in India this November, offering, according to organisers, a $10–50 billion sustainability and investment opportunity for Gulf-based leaders.

Scheduled for November 21 and 22 in Bhubaneswar, Odisha, the two-day conclave will bring together senior representatives from government entities, sovereign funds, and the private sector across the UAE, Saudi Arabia, and the wider GCC region. 

The event is organised by the BCKIC Foundation, supported by the Government of Odisha’s Department of Energy, under the aegis of the Office of the Principal Scientific Adviser to the Government of India.

Themed around The Next Wave of Sustainability Policy and Investment Flows”, the summit seeks to bridge India’s rapidly expanding green economy, valued at over $165 billion, with the Middle East’s capital, innovation and policy frameworks under Vision 2030 and UAE Centennial 2071.

“This is not just another global summit, it’s a strategic inflection point for India–Middle East collaboration,” said Dr Mrutyunjay Suar, Chairman of the BCKIC Foundation.

“From green hydrogen and water security to circular economy and AI-driven sustainability, the synergies between India’s innovation scale and the Gulf’s execution capacity are unparalleled. Missing this window could mean losing the first-mover advantage in shaping global sustainability frameworks.”

A New Era of India–Middle East Sustainability Partnership

The conclave comes at a pivotal moment for both regions. Following India’s G20 presidency in 2023 and the UAE’s hosting of COP28, both nations have emerged as global voices in sustainability transition and climate finance.

Dr. Suar noted that the conclave will act as a strategic platform for Gulf leaders to consolidate their role within the India–Middle East–Europe Economic Corridor (IMEC), while also gaining access to India’s technology, research, and policy innovation ecosystem.

“Gulf sovereign funds now control over $2 trillion in assets and are increasingly looking for sustainable, high-return projects,” he said. 

“India’s innovation and affordability, combined with the Middle East’s capital and implementation speed, make this partnership an unprecedented opportunity to move from commitment to concrete outcomes.”

Access to Proven Technologies and MoU-Ready Projects

Middle Eastern delegates will gain direct access to Indian policymakers and experts from NITI Aayog, DST, and the Principal Scientific Adviser’s Office, with discussions focused on green hydrogen, renewable energy, waste-to-energy, and climate-resilient infrastructure.

The event will also unveil a pipeline of over 50 proven Indian technologies relevant to Gulf market needs, ranging from water management systems to digital smart-city solutions, many of which have demonstrated cost efficiencies of 30–50% compared to Western alternatives.

The BCKIC Foundation confirmed that the conclave is structured to deliver tangible outcomes, with more than 20 Memorandums of Understanding (MoUs) already in advanced stages of preparation. The targeted projects are expected to offer internal rates of return (IRR) between 15% and 25%, appealing to investors seeking both profitability and environmental impact.

Odisha: A Live Model for Sustainable Urban Innovation

The conclave will take place in Bhubaneswar, the capital of Odisha, one of India’s fastest-growing hubs for renewable energy and smart cities. The venue itself will serve as a live showcase of sustainable urban development, featuring zero-waste hospitality, circular economy practices, and local sourcing models.

Organisers say the event is designed to foster lasting bilateral frameworks that will drive long-term cooperation between India and the Middle East across sustainability, technology transfer, and impact investment.

“This is the decade of decisive climate action and cross-regional collaboration,” Dr Suar added. 

“The BCKIC 2025 Conclave will not just discuss ideas but catalyse partnerships that define the global sustainability roadmap for years to come.”

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Dubai introduces world’s first smart gold testing lab: Get your jewellery checked in under a minute

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Dubai just made testing your gold and jewellery a whole lot easier. The Dubai Central Laboratory, part of Dubai Municipality, has launched the Smart Gold and Jewellery Testing Lab, the first-ever fully automated device that can check the purity of gold, silver, and platinum, all without human help. And the best part? Results come back in under 60 seconds.

Unveiled at GITEX Global 2025, this cutting-edge innovation uses AI, X-ray tech, and advanced spectroscopy to deliver highly accurate readings. It’s designed to make life simpler for traders, buyers, and jewellery enthusiasts, reinforcing Dubai’s reputation as a global hub for precious metals.

How It Works – Quick, Smart, and Totally Hands-Free

The device is entirely autonomous. That means no staff intervention, no waiting around, and minimal room for error. It’s smart enough to self-calibrate, monitor its own performance remotely, and respond instantly to any issues. According to Dr Naseem Mohammed Rafi, Acting CEO of Dubai Municipality’s Environment, Health, and Safety Agency, this is a “game-changer” for precision, speed, and reliability in the precious metals sector.

Where You Can Try It First

The first device will be installed at the iconic Gold Souk in Deira, with plans to roll it out across other key locations in Dubai. This move is part of Dubai Municipality’s push to create a fully integrated testing ecosystem for gold and jewellery, ensuring quality, compliance, and peace of mind for everyone, from traders to shoppers.

Whether you’re a collector, a trader, or just curious about the purity of your jewellery, this smart lab makes checking your gold fast, easy, and reliable.

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Abu Dhabi T10 levels up its game with BC.GAME Esports as principal partner

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The Abu Dhabi T10 League has announced BC.GAME Esports as its Principal Partner for the 2025 season. This landmark partnership connects the energy of T10 cricket with the fast-growing global esports ecosystem, driving brand visibility and fan engagement to new levels.

The alliance will deliver powerful exposure across broadcast, digital, and in-stadia platforms, while introducing esports-inspired activations to enhance the tournament experience for fans. The aim is to bring the worlds of live cricket and competitive gaming closer than ever before.

The Abu Dhabi T10 will run from November 18 to 30, 2025, at the Zayed Cricket Stadium, featuring top international players competing in action-packed 10-over matches. With BC.GAME Esports on board, the league will strengthen its appeal to younger, digital-first audiences across global markets.

“We’re excited to welcome BC.GAME Esports as our Principal Partner,” said a T10 League spokesperson. “Season 9 will be our biggest yet, with expanded global reach and enhanced fan experiences — and we are confident that BC.GAME Esports will return again next year.”

A BC.GAME Esports spokesperson added: “Partnering with Abu Dhabi T10 gives us the perfect platform to expand our community and create unique experiences that unite cricket fans and gamers worldwide.”

This partnership reflects Abu Dhabi T10’s commitment to innovation, youth engagement, and global growth, making 2025 one of its most exciting seasons yet.

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