Real estate Dubai - Crypto
- Thread starter Joukilop
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Some OTC desks offer manager cheques , which can be used to purchase real estate . e.g https://2rbina.net/
Thanks for your answer.
From your experience, if we sell the apartment in AED. Will they ask for a SoF?
When you say the SoF, you mean: "how did I get the money to buy the apartment" correct?
One last question if you're ok, do you think it is possible to receive the rents on a︀ bank account outside Emirate?
From your experience, if we sell the apartment in AED. Will they ask for a SoF?
When you say the SoF, you mean: "how did I get the money to buy the apartment" correct?
One last question if you're ok, do you think it is possible to receive the rents on a︀ bank account outside Emirate?
The key issue is, if you want to deposit it to Dubai bank after you sold property, then youre ok. But afterwards, if you want to transfer it outside of UAE, you will need to show proper documents regarding how︀ did you got that money to buy that apartment at the first place.
And yes︁ ofcourse you can receive rents to your bank account outside of UAE
And yes︁ ofcourse you can receive rents to your bank account outside of UAE
why it would be not possible ? As I know between 2 private persons, nothing force you to use a local bank account to paid or to be paid.
Till the buyer/seller are agree and you have no problem/ can justify to your foreign bank you will received the money (if they ask SoF or anything).
Correct me if i am wrong, but i see no law in UAE who force you to be paid in a UAE bank account..
Till the buyer/seller are agree and you have no problem/ can justify to your foreign bank you will received the money (if they ask SoF or anything).
Correct me if i am wrong, but i see no law in UAE who force you to be paid in a UAE bank account..
he meant they gonna ask where you have gotten that money you bought the apt with in the first place.
Back to square one kinda thing.
Back to square one kinda thing.
Try that and update us about your adventure. its ok to buy apartment with crypto, cash. When it comes to selling, you can use UAE banks, yes. But when you try to wire transfer the money you earned from property sale to out of country; they will ask you SoF about how did you obtain that money to buy the apartment.
Thats more with aligning with FAFT etc (outside of Dubai) to get them off the grey list.
Basically don't give a hoot when its internal but when moving external they comply with international norms.
Not sure of the price of a property in UAE these days, but I︀ imagine Cash withdrawal x times in CHF/EUR/$ will get funds out of the country OR︁ transfer from UAE to Saudi/Oman and from there SWIFT to X country would get around︂ these issues.
Basically don't give a hoot when its internal but when moving external they comply with international norms.
Not sure of the price of a property in UAE these days, but I︀ imagine Cash withdrawal x times in CHF/EUR/$ will get funds out of the country OR︁ transfer from UAE to Saudi/Oman and from there SWIFT to X country would get around︂ these issues.
Is it really that easy to buy property in Dubai with cash or crypto, so that nobody is asking questions? What about notary or authorities involved in the buying process? No KYC or AML when buying property in Dubai with cash or crypto?
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