The Future of Real Estate: Klickl Partners With IMKAN Properties to Integrate Cryptocurrency in UAE Real Estate

Klickl mentioned that the goal of partnering with IMKAN was to extend the benefits of Web3 technologies into everyday business transactions.

Klickl, the Web3 financial platform in the United Arab Emirates, has announced that it will collaborate with Abu Dhabi’s leading global real estate specialist to assist property purchases through cryptocurrency.

The goal of the collaboration was to transform real estate transactions by introducing an innovative financial model that will drastically improve how people buy homes for regional and international home buyers.

The partnership was in response to an increasing need for an alternate payment method in high-value industries like real estate, especially from foreign investors who wanted a quick, easy, and safe choice. IMKAN hopes that when customers get easy access to Klickl’s cutting-edge cryptocurrency payment processing system, they can easily invest in high-end real estate in the United Arab Emirates.

When integrating UAE’s largest real estate developers into cryptocurrency, it will highlight the growth trajectory in this industry and also reinforce UAE as the global hub for the use of digital currencies.

In recent years, Dubai and Abu Dhabi have worked hard to improve regulations and attract companies, talent, and investments for digital assets.

Klickl CEO Michael Zhao mentioned that the goal of partnering with IMKAN was to extend the benefits of Web3 technologies into everyday business transactions.

He added how there is an unmatched level of convenience, transparency, and effectiveness when digital currencies are used for anything from international transfers to real estate transactions.

He continued saying that by supporting IMKAN’s customers with cryptocurrency payment acceptance and fiat conversion, they can build a model that other real estate companies can adopt to draw in a new generation of buyers.

Through the partnership, IMKAN can provide its customers an option to convert cryptocurrencies, such as Bitcoin, Ethereum, and stable coins, like USDT, to be used for high-end real estate investments.

With this payment option, both regional and international buyers would have a great deal of flexibility since there is a lot of complexity and delays in cross-border transactions.

Since there is a growing number of international investors in UAE real estate, using digital currencies for conversion will make purchasing real estate for foreign customers easier, especially for those in emerging markets or less developed banking systems.

Klickl can smoothly integrate with IMKAN’s existing payment and sales systems. Buyers can enjoy a seamless process where they can make cryptocurrency payments through a secure platform, and all necessary regulatory checks will automatically be carried out.

Klickl will make sure that all transactions comply with UAE regulations since there is growing scrutiny for the digital assets. From Know Your Customer (KYC) procedures to anti-money laundering (AML) compliance, best-in-class security features are included in the platform to safeguard both IMKAN and its customers.

The two companies are going to create a special task force to supervise the implementation of using cryptocurrency for making real estate payments. They are going to optimize the customer experience by collecting input and refining the offering over time.

The long-term goal is to increase the use of digital finance tools in all of IMKAN’s projects, from large-scale commercial properties to luxury residential developments.

IMKAN, being the country’s leading real estate developer, is proud to transform how real estate transactions work by using cryptocurrencies for real estate investments.

Suwaidan Al Dhaheri, CEO of IMKAN Properties, stated that his goal was to keep working to ensure that the UAE continues to lead rather than be a follower in the use of digital currency.

IMKAN, being one of the leading real estate players, by offering cryptocurrency as a mode of payment for real estate, is paving the way for other companies to follow. This collaboration coincides with the UAE’s goal to become the global leader in financial innovation, supported by progressive regulations and a favorable business climate.

UAE is solving real-life practical problems and creating new possibilities by leveraging technology. It might be a new era for not just real estate, but a potential to transform other high-value industries as well.