UAE Based Developer to accept Dogecoin as crypto payment for property project in Dubai

Imran Farooq, CEO, Samana Developers, said: “Digitalization and Covid-19 accelerated work transformation has changed the world. Samana Developers remains vigilant of the changes and quickly adapt to it. Our innovative initiative in Dubai real estate market helps drive growth and create better value for investors. That approach was the reason we achieved top-ranked seller position in Arjan.”

International companies which are currently using Dogecoin include US-based NBA’s Dallas Mavericks, Latvia’s AirBaltic, Canada’s EasyDNS, US’s luxury resort company Kessler Collection, among others.

“Decentralized Finance and digital payment are forms of finance and new payments systems that do not rely on middle-men – conventional brokerages, exchanges or banks. This is accomplished using smart contracts for real estate buyers which are automated agreements that use online blockchain technology instead.” Imran Farooq concluded.

Samana Developers’ studio apartments starting from Dh399,000, one-bedroom and two-bedroom units come with various payment options - from Dh599,000 – making Samana projects more attractive to both end-users and investors.

The 50% financing makes Samana Golf Avenue project an attractive proposition for end-users and investors alike, and is the developers’ rent-to-own approach. With a payment option of paying 10% on booking, followed by 80 months at just one (1%) per cent makes it an excellent option for those who are looking to move from rented accommodations to owning a home.

Samana Developers has three ongoing projects – Samana Golf Avenue, Samana Hills and Samana Greens, with plans to launch three new projects in 2021.