Cryptocurrencies enter the scope of real estate in Dubai, and returns exceed 12%

MAG Real Estate Development Company announced that the value of its portfolio exceeds $5 billion, as well as Mantra, a blockchain network.

The goal of this partnership between the two companies is to encode the assets of MAG's real estate projects, the value of which has reached 500 million US dollars

This combination between the two companies is safer and at the same time a great risk, and this is not the first time this has happened in projects within the United Arab Emirates.

In a special interview, the CEO of MAG Talal Muwaffaq Al-Qaddah told CNN that this partnership is easier for investors and facilitates the process of purchasing real estate through cryptocurrencies.

Opening a bank account requires a long time, and we are in a time that requires accelerating and facilitating transactions to increase investors.

But opening a digital wallet may not only cost time, within hours or even less than that.

On the other hand, John Patrick Mullen, CEO of Mantra, said that the guarantees provided by MAG make this investment secure.

He also said that it is true that the price of Mantra is volatile and may decline, but it has witnessed an increase of up to 240% over the past years and it is not unlikely that it will continue this process of increase.

#BinanceTurns7 #BinanceTournament" #solana #Binance $BTC $ETH $SOL