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Buying property in Dubai with cryptocurrency

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Again, there is‍ no volatility with stablecoins.

I'm not complaining. Just try to minimise fees if possible like everyone else, don't︀ you?

If I cash out 1M I'd rather pay 5k than 10k in transaction fees...︁ but I got your point it seems that for both of you 5k is just︂ insignificant pocket money.
 
My point is‌ your clowning yourself complaining about 1% fees to cash out crypto to Fiat 🙄.
 
Didn't you made 7 figures with a relative small amount of fiat money?‌

If so then there is literally no reason to complain about a reliable 1% cash‍ out solution.

Even for you with the 7 figures the 5k is pocket money.

Don't get get your 7 figures money blocked only because you tried to save up 3-5k⁠ USD.

The cash out is part of the investment in crypto - if you try⁤ to skip here something - the 7 figures maybe never reach you bank account ->⁣ the real world.
 
@Fred Don't get me wrong I clearly understand that nothing's free. I'm just trying to‌ figure out what is the most value for money (meaning reliability and safety at a‍ fair price) solution for me. Why would I pay more for, at the end, the⁠ same service/conclusion?

In your eyes, your solution is the best/the most reliable and you may⁤ be right.
However, for anyone browsing this forum looking for a cash out solution it⁣ may not be so obvious considering people could be thousands miles from Dubai and there⁢ is relatively small history/feedback from your business.
Furthermore, the world is wide with many different︀ countries/structures/banking solutions with their own pros/cons and price.

Your UAE Crypto Cash Out solution ---︁ 7k EUR the 1st year + 4k EUR every next years + 1% (minimum) fee︂ on each cash out transaction + round trip to UAE twice a year --- is︃ well noted (please feel free to add any other extra cost/fee I am not aware︄ of).

When the time comes, I will definitely get back to you if I cannot︅ find better deal for the same service/conditions.
 
Your complaining about 1%, my clients pay 5% to ensure their funds don't get blocked‌ and the structure allows them to sleep at night.

3 member's from this forum have‍ cashed out high 7 figure with me. Paid for the structure roughly €10K and 5%⁠ OTC. They are now regular clients and use the services of @Fred, @Gediminas and myself because they don't want the headache.
 
@CaptK Just comparing figures @Fred solution looks, on paper, much more cost-effective⁤ (structure setup: €7K vs €10K, OTC fees: 1% vs 5% => €43K fees difference for⁣ €1M cash out!) than yours for possibly the same service.

I assume you provide some⁢ added-value, would you mind sharing it (PM is fine if information is sensitive)?
 
Hi, I know you are talking about Dubai - but would like to offer another⁣ solution. There are a few developers in Cyprus that accept direct crypto payments, this way⁢ you would not need to pay the 1% for the exchange nor any percentage to︀ real estate brokers.
 
Guys, just to make it clear - the 1% we mention is for a usual‌ money remittance service - with dashboard and KYC.

Nothing 3rd party or OTC with cash‍ deal etc.

You get your money to your bank account - same like doing withdraw⁠ from all major exchanges.

Before this thread tend to be a "I have the better⁤ solution cash out solution" one.

General speaking the majority don't want to buy a property⁣ or get physical hard cash - that's why we provide a 3rd party money remittance⁢ service provider that is around since more then half a decade for the clients that︀ went with us as a freebie.

What we mentioned here is just specific to what︁ @Konstanz asked about and now it's going offtopic.
 
1 % is really small
You really still have your poor mindset (sorry‌ to say it)
You don't focus on the relative number (1%) but on the absolute‍ number (10 000 dollars or so)
If you try to find cheap thing (in absolute⁠ terms, so only paying 1 000 dollar or less) you are going to lose your⁤ money pretty fast.
Now that you are rich (congratulation btw ) you have to stop⁣ seeing the absolute numbers and only relatives.
Because you are still in your 9-5 job⁢ mindset where 10 000 $ is a lot, while it's not because you have a︀ 7 figures net worth.
 
@Thepopo You are certainly right.

I think I'm trying not to forget that $10 K‌ is quite an amount for 99% of people.
From personal experience I know that money‍ comes and goes. Exogenous and unforeseeable events can always happen regardless of your best management⁠ decisions.

I don't consider that one is rich with low 7 figures in liquid assets.⁤ Once passed $5 M net worth, this is another story 😉
 
I completely understand you. But as you said, money comes and goes but it can⁢ also be due to endogenous events, like you using a cheap solution that goes through︀ a shady EMI or shady belizian bank ns2
 
I also don't understand why this isn't discussed more. Assuming you don't want to do⁤ fancier things with your money that would earn a higher yield, converting your crypto into⁣ rental income seems like a safe/less volatile bet.

I would want to move from dubai⁢ to an EU country at some point. I thought that rental income is one of︀ the easier types of income to receive in EU banks who are notoriously anti-crypto in︁ some countries. Has anyone tried this? I understand that you need to have everything in︂ order and be ready with whatever documents the bank might ask for, especially if/when you︃ sell.
 
That's my point.
Any bank in the world will︁ like to receive Rental income. I do not think there will be any problem.
 
Of course they do, their margin covers⁤ the conversion charges several times 😉 Who is the fool to buy hugely overpriced properties from⁣ Cyprus developers (Like Giovani)?
 
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