BREAKING: Umisiri & Damac Revolutionize Dubai Real Estate—Now Buy Property With Crypto

Dubai''s luxury property market just got a blockchain facelift. Crypto meets concrete as Umisiri and Damac partner to enable digital asset transactions for high-end real estate—because nothing says ''new money'' like buying a penthouse with meme coin profits.

The sandbox goes full metaverse. Buyers can now bypass traditional banking hurdles and deploy BTC, ETH, or stablecoins for waterfront villas and skyscraper suites. No bank approvals, no fiat conversions—just pure decentralized swagger.

Regulatory chess continues. While Dubai''s FSA greenlights the initiative, skeptics whisper about volatility risks. ''Perfectly logical—why settle for 20% annual appreciation when you could lose 80% overnight?'' quipped one anonymous hedge fund manager.

The ultimate HODL flex. This move cements Dubai''s status as the crypto-capital nexus, where Lambos and Land Rovers alike get purchased with digital wallets. The only thing more volatile than the assets? The architectural tastes of the new crypto-elite.

Key Insights:

• In latest crypto news, DAMAC and Umisiri made headlines with their recent move into Dubai real estate.
• Purchases use wallets; titles remain off-chain.
• Not part of Dubai’s Prypco tokenization effort.
• Builds on DAMAC’s $1B MANTRA deal.

In a recent crypto market news, Dubai-based real estate developer DAMAC Properties and investment firm Umisiri Africa now allow buyers to purchase luxury properties using cryptocurrency.

This marks a significant development in the crypto market and real estate spaces, as digital assets continue to gain utility in high-value transactions.

Crypto Market News: Digital Asset Payments for Real Estate

As of June 2025, Umisiri and DAMAC have opened a program enabling crypto holders to acquire properties starting at $500,000 using Bitcoin (BTC), ethereum (ETH), or Tether (USDT).

Announced through a Luma-hosted event titled “Token to Title Deed: Investing in DAMAC Through Crypto.” The initiative targets high-net-worth individuals looking to diversify into Dubai’s real estate using digital currencies.

Investors are required to register and connect a verified crypto wallet before proceeding. Upon approval, they gain access to private property tours, one-on-one sessions with DAMAC advisors, and legal guidance from crypto-focused attorneys.

While the transactions use digital assets for payment, property ownership remains within the standard legal framework of the UAE.

Not Tokenization, Just Crypto Payments

This offering differs from Dubai’s Prypco Mint platform, which enables fractional on-chain ownership. Instead, the DAMAC-Umisiri model processes crypto payments but keeps title deeds off-chain.

Buyers receive conventional legal ownership through the Dubai Land Department, often via offshore entities permitted under UAE law. No blockchain token is issued for the property title itself.

In contrast, the Prypco Mint platform, launched by the Dubai Land Department and Prypco in May 2025, tokenizes real estate directly. Its debut project saw 224 investors from over 40 countries contribute a combined AED 2.4 million (approx. $653,000) in under 24 hours.

Tokenized ownership certificates were issued on the XRP Ledger. To date, Dubai’s tokenized property market has surpassed AED 60 billion ($16 billion), according to government projections.

Under the Umisiri-DAMAC program, crypto is simply the payment method. Legal title transfers follow UAE property law. Foreign buyers typically acquire Dubai real estate via offshore corporate structures, which this program supports. Legal advisors involved ensure compliance, ownership security, and access to tax or inheritance planning tools.

This structure appeals to investors seeking to leverage crypto without engaging in on-chain asset ownership. It also enables DAMAC to tap into a growing pool of crypto-wealthy investors without waiting for full regulatory clearance on property tokenization.

DAMAC’s Broader Blockchain Strategy Aligning with Crypto News Narrative

DAMAC has been actively integrating blockchain into its operations. In January 2025, the company signed a $1 billion deal with blockchain firm MANTRA. The deal was to tokenize future projects on the MANTRA chain.

That effort is expected to launch later this year. It will involve issuing digital tokens representing fractional ownership of real estate assets. However, this remains distinct from the Umisiri crypto-payment program, which involves no token issuance.

The UAE’s push to become a crypto-friendly jurisdiction is gaining momentum. Regulatory sandboxes in Dubai and Abu Dhabi are enabling innovations like tokenized real estate, stablecoins, and crypto-secured loans.

The Umisiri-DAMAC crypto purchase model is one more sign of that evolution, bridging the gap between digital finance and traditional asset classes.

As digital assets become increasingly usable in real-world transactions, programs like Umisiri and DAMAC’s crypto real estate sales reflect a broader shift in how high-value assets are bought and sold.

This initiative stands out in the crypto market news landscape for offering legal real estate ownership in a crypto-friendly format—without diving into the complexities of tokenization.