dubai News & Opinions from CCN.com

Dubai’s Housing Market Bubble Still Sells During Pandemic 2020

Published: September 23, 2020 UTC: 2:19 PM. August 10, 2020 UTC: 10:34 AM.

Dubai’s housing market is recovering, says UAE’s property developer Nakheel. Aqil Kazim said real estate transactions increased.

Warren Buffett Buys the Slump on Dubai’s Plummeting Property Market

Published: September 23, 2020 UTC: 12:40 PM. May 3, 2019 UTC: 6:05 AM.

By CCN.com: Billionaire investor Warren Buffett has announced plans to enter Dubai’s real estate market. His company, Berkshire Hathaway, is surprisingly eyeing an expansion into Dubai at a time when the region’s real estate market is slumping. Boom and Bust Cycles Ever since the oil slump of 2014, Dubai’s economy never fully recovered. Prices have … Read more

[Update] British Baroness’ $325 Million Luxury Bitcoin Development Suffers Delays

Published: September 23, 2020 UTC: 12:39 PM. April 28, 2019 UTC: 2:28 PM.

By CCN.com: Scottish lingerie tycoon and parliamentarian Baroness Michelle Mone’s crypto venture, a £250m ($325 million) condo development in Dubai, is reportedly seeing delays, according to The Times. Mone was planning to sell two bedroom apartments for £185,000 worth of bitcoin after developing the Aston Plaza Project. But the development remains stalled at 25% complete … Read more

Dubai Scores Cash for Crypto with the City’s First Bitcoin ATM

Published: September 23, 2020 UTC: 12:35 PM. March 19, 2019 UTC: 9:29 AM.

Dubai, the most populous city of the United Arab Emirates, has just received its maiden bitcoin ATM, giving locals and tourists alike the opportunity to purchase cryptocurrency.

It’s kind of a big deal, considering that Dubai is a city whose locals have a taste for luxury and which boasts landmarks such as one of the world’s largest shopping malls and the world’s tallest building. The bitcoin kiosk, which accepts cash for crypto, is already operational and is located at Rixos Premium, a 5-star hotel in JBR, which is in “the heart of Dubai’s Jumeirah Beach Residence.”

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Can Dubai Become the First Blockchain Powered City by 2020?

Published: October 3, 2020 UTC: 6:15 PM. January 7, 2019 UTC: 2:49 AM.

When we think of Dubai, we think of Arab billionaire lifestyles, 6-star hotels, and awe-inspiring skyscrapers. But did you know that plans are in place to turn Dubai into the first blockchain-powered city by 2020? The Director-General of Smart Dubai, Dr. Aisha Bint Butti Bin Bishr, believes that city is in prime position to establish … Read more

Dubai Set to Achieve Goal of Becoming First Blockchain Government by 2020

Published: September 28, 2020 UTC: 4:43 PM. July 24, 2017 UTC: 1:07 PM.

Dubai is quickly achieving its goal of becoming the world’s first blockchain-powered government to utilize the technology for all transactions by 2020. Speaking at the recently held CIOMajlis (Chief Information Officer’s) session on ‘Blockchain Technology,’ Ahmad Al Mulla, chairman of CIOMajlis, said: Dubai is a frontrunner in adopting the latest technology and has set a goal … Read more

Dubai Museum of the Future Foundation Launches Global Blockchain Council

Published: September 23, 2020 UTC: 11:56 AM. February 18, 2016 UTC: 12:33 PM.

The Dubai Museum of the Future Foundation has established the Global Blockchain Council to explore transactions through the blockchain platform. The Council will examine the blockchain’s impact on future business and finance, and its role in facilitating transactions within both the financial and non-financial sectors as ways to improve efficiency and reliability levels, according to … Read more