Arms & McGregor International Realty, the Dubai-based real estate company behind Real Estate 6.0 (the new asset class in Real estate), is taking the GCC property sector to new highs with the launch of the region’s first real estate tokenization platform directly connected to a DeFi liquidity pool. Powered with innovative technology developed by Blocksquare – one of Europe’s leading companies in the space of tokenization of real estate – the new platform will open the way for trading, owning, and liquidating property assets through trading digital tokens.
With the increasing number of transactions that the UAE real estate sector registered over the past few months, Arms & McGregor International Realty eyes over $5billion in liquidity to the property market in GCC by 2024. The move by the UAE firm comes as a stepping stone in the direction to make the liquidation of the asset class possible and transparent while automating the transaction process.
Denis Petrovcic, the Co-Founder & CEO of Blocksquare, announced the venture by saying “With this partnership, property owners in the GCC will for the first time gain the ability to extract liquidity from DeFi markets simply by uploading their real estate property to the blockchain. It also opens up a new liquidity generator to fund ambitious megaprojects as traditional funding may fall short and not be as feasible.
“Since 2018, Blocksquare’s focus has always been to offer clients the best blockchain infrastructure for the tokenization of real estate assets. With our real estate tokenization protocol launched in the region through Arms & McGregor International Realty, entrepreneurs can start digitising real estate assets at a fraction of the cost.”
Real estate is a global industry of around 300 trillion USD which will benefit from such an approach, but at the same time will give a new dimension to blockchain and tokenization.
Makram Hani the Founder & CEO of Arms & McGregor International Realty, said, “The GCC real estate sector especially in the UAE has proved its resilience and overcame major challenges since the 2009 financial crisis and the recent pandemic. With the launch of the new property tokenization platform, we aim to revolutionise the way property developers fund and sell projects; that will enable them to retain control over their projects. Property owners will also be able to sell portions of their property and liquidate the necessary rather than the whole asset.”
