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RE: You can now buy an apartment in Dubai with Bitcoin!

in #bitcoin7 years ago (edited)

That's intriguing! But why the restriction? I mean people could've been given the option to buy with money or bitcoins, but I wonder why they are being specific. I don't trust the Dubai property market at the moment. My parents bought a place in 2007 and it took 3 years to complete. But even then, Dubai is stable now, but things could go the other way in a second like what happened in 2008 with the economic crisis. Building projects that were worth hundreds of billions of dollars were either cancelled or delayed. And the legal issues might never be resolved. So not all that glisters is gold!