Web3 transforming UAE real estate landscape – DAMAC Properties’ GM says ...United Arab Emirates

Fully interactive virtual real estate and communities designed in the metaverse are driving significant growth in DAMAC Properties’ pure online sales, Ali Sajwani, General Manager of Operations at DAMAC Properties and CEO of D-Labs, said while speaking at the Dubai Metaverse Assembly. Speaking alongside fellow Web3 experts at the event, Sajwani stated that online-only transactions are accounting for an ever-increasing proportion of DAMAC Properties’ real-estate activity – approximately $100mn per quarter, at present. He added that the UAE-based developer has set a target of growing this figure to $150mn per month by mid-2023. In addition to Sajwani, the Dubai Metaverse Assembly’s ‘Sector Dee

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Web3 transforming UAE real estate landscape – DAMAC Properties’ GM says ...United Arab Emirates

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