GCC is now closer than ever to tokenizing real estate

Utilising blockchain technology, alternative trading systems and universal exchanges as a combined force will also add transparency and smart solutions. The aim of the alliance is to initially cover the Gulf market and build upon success to a wider global reach.

Dr. Ihsan Al Marzooqi, Chairman of Berkshire Hathaway HomeServices Gulf Properties said, “Since setting up Berkshire Hathaway HomeServices’ first network office in Asia, one of our primary goals is attracting awareness and foreign investment into the UAE real estate market by working closely with the Berkshire Hathaway HomeServices network across the globe and bringing best-in-class advisory practises to the local market. We are excited to work alongside Gawah Holdings and Megalodon, to offer innovative ways to enhance foreign liquidity through digital security offerings, a practise that has seen an increasing trend globally’’.

Suhail Al Ansari, Deputy Vice Chairman of Gawah Holding Inc. added, “As a diversified investment company, we strive to identify market trends in sectors that we are actively engaged in, and in forging partnerships with industry leaders who can bring complementary capabilities together. BHHSGP has set a new benchmark in the Gulf with its entry into the market, while Megalodon’s track record in digital security offerings in the real estate sector speaks for itself. Through this alliance, we are confident that we can realise opportunities through our innovative approach during these challenging times.”

Esteban Van Goor, Managing Partner of Megalodon Services Ltd. said, “Megalodon has a global reputation for being one of those firms that undertakes a significant amount of due diligence prior to taking on work. DSO’s service requests in the real estate space is currently seeing strong requests globally. This is a nascent but rapidly growing market that can provide much needed capital to the local real estate market. Megalodon and Gawah had already signed an alliance and started preliminary work on DSO’s in a different sector in a different region, and believe the expertise brought by Berkshire Hathaway HomeServices’ team in Dubai complements this.”

Gawah Holdings Inc is a diversified investment company with interests across multiple businesses and strategic alliances with some the world’s finest companies, entities and pioneers, housed within a unified ecosystem, allowing for the amalgamation of products and services to act as a value aggregator. The company holds stakes in businesses related, but not limited to, digital securities lending, fundraising, blockchain technology and universal exchanges such as MASEx which has also most recently signed a partnership with another globally recognized and regulated exchange in the west: Tokenise.