Klickl collaborates with IMKAN Properties to promote cryptocurrency payments in the UAE real estate sector.

CN
3 months ago

The collaboration further solidifies the UAE's position as a global hub for cryptocurrency adoption.

The UAE-based Web3 fintech platform Klickl has announced a partnership with global leading real estate developer IMKAN Properties to promote real estate transactions through cryptocurrency. This collaboration will revolutionize the way real estate transactions are conducted by introducing innovative financial models, providing a new home-buying experience for regional and international buyers.

This partnership reflects the demand for alternative payment solutions in high-value industries, particularly from international investors seeking secure, efficient, and flexible options. IMKAN enables its clients to seamlessly access Klickl's advanced crypto payment system, making it easier for them to invest in high-end real estate in the UAE.

One of the UAE's major real estate developers adopting cryptocurrency payments further reinforces the country's status as a global center for cryptocurrency usage and highlights the growth trend in this sector. In recent years, Dubai and Abu Dhabi have made significant efforts to promote regulatory policies and attract businesses, talent, and investments related to digital assets.

"Our partnership with IMKAN aligns with our mission to extend the advantages of Web3 technology into everyday business transactions," said Klickl CEO Michael Zhao. "From cross-border remittances to real estate investments, cryptocurrency offers unparalleled convenience, transparency, and efficiency. By supporting IMKAN's clients in accepting crypto payments and converting them to fiat, we are creating a model that other real estate companies can adopt to attract a new generation of buyers."

Cryptocurrency Transactions - IMKAN Properties' First Attempt

This collaboration will allow IMKAN to offer clients the option to convert cryptocurrencies such as Bitcoin, Ethereum, and stablecoins like USDT into real estate investment funds. Through these options, domestic and international buyers will gain greater flexibility, avoiding the common complexities and delays associated with cross-border bank exchanges.

One of the key drivers of this initiative is the increasing number of international investors in the UAE real estate market. Using cryptocurrency for exchanges will simplify the transaction process for overseas buyers, especially those from emerging markets or regions with underdeveloped banking infrastructure.

"Cryptocurrency is not just a payment method; it is a financial tool that enables us to operate more efficiently across borders," explained Michael Zhao. "The goal of our partnership with IMKAN is to provide this technology in a way that enhances liquidity and supports business continuity, offering the financial stability needed for real estate developers to grow."

The Klickl platform will seamlessly integrate with IMKAN's existing sales and payment systems. Buyers will experience a straightforward process where cryptocurrency payments can be made through a secure platform, with all necessary regulatory checks completed automatically.

Compliance and Security First

Given the increasing regulatory scrutiny of digital assets, Klickl will ensure that all transactions comply with relevant regulations in the UAE. From customer identity verification (KYC) to anti-money laundering (AML) compliance, the Klickl platform integrates state-of-the-art security features to protect IMKAN and its clients.

"We are committed to maintaining the highest levels of security and compliance," emphasized Michael Zhao. "Every transaction will undergo rigorous checks to ensure compliance with regulatory standards, allowing our partners and clients to transact with confidence."

Building the Future of Real Estate through Digital Finance

The collaboration between Klickl and IMKAN marks an important step for the UAE in becoming a global digital finance center. As part of this initiative, the two companies will establish a dedicated team responsible for overseeing the promotion of cryptocurrency for real estate payments. This team will focus on optimizing the customer experience and gathering feedback to continuously improve the service over time.

The long-term vision includes expanding the use of digital financial tools across all of IMKAN's projects, from luxury residential developments to large-scale commercial real estate.

"The UAE is rapidly emerging as a major cryptocurrency hub, thanks to the region's welcoming regulatory environment and positive attitude towards supporting the digital asset industry. As one of the leading real estate developers in the UAE, IMKAN is proud to play a decisive role in embracing cryptocurrency for real estate investment. By partnering with Klickl, we ensure that the UAE will continue to lead in cryptocurrency adoption rather than follow," said IMKAN Properties CEO Engineer Suwaidan Al Dhaheri.

A Forward-Looking Step Towards Industry Transformation

As one of the first major real estate companies in the region to combine cryptocurrency with payments, IMKAN sets an example for other companies. The partnership with Klickl comes at a time when the UAE is solidifying its reputation as a global leader in financial innovation, supported by forward-looking regulations and a favorable business environment.

"This collaboration demonstrates how blockchain and digital assets can bring real value to traditional industries," said Michael Zhao. "This is not just about following trends; it is about leveraging these technologies to address real-world challenges and unlock new opportunities. We see this model not only reshaping the real estate industry but also creating transformations in other sectors with high-value transactions."

About Klickl

Klickl, headquartered in the UAE, is a leading Web3 open finance platform in the Middle East and Africa (MEA) region. It offers a range of products and services, including online digital banking, digital payments, cryptocurrency trading, SaaS technology provision, and custody, to help users seamlessly enter the Web3 world. With the support of the UAE government, Klickl has obtained formal licensing from the Abu Dhabi Global Market (ADGM) and is committed to building a global stablecoin ecosystem that connects digital finance with traditional finance. For more information, please visit www.klickl.com

About IMKAN Properties

IMKAN is a globally leading real estate developer based in Abu Dhabi, renowned for its 26 projects spanning five countries across two continents. As a wholly-owned subsidiary of the Abu Dhabi Capital Group, IMKAN prioritizes creating soulful places that enrich people's lives. This philosophy is driven by a unique research platform that enables IMKAN to understand the needs and desires of its diverse clientele, from millennials to discerning high-net-worth individuals.

Among its most notable projects is IMKAN's AlJurf master plan, located between Abu Dhabi and Dubai, featuring a 3.8 million square meter mixed-use development area along a 1.6-kilometer coastline and a 9-kilometer-long canal. AlJurf will become a global health and wellness destination, with the SHA Emirates Residences expected to open in 2026, joining the award-winning flagship SHA Wellness Clinic located in Spain. Other significant projects include the Makers District on Al Reem Island in Abu Dhabi, an 18.6-hectare waterfront mixed-use development featuring the Pixel district with seven residential towers; Nudra on Saadiyat Island, a unique beachfront community; and Sheikha Fatima Park in Abu Dhabi, the first urban park in the city.

IMKAN has offices in Egypt and Morocco, with global operations including the 500-hectare Alburouj development project in Egypt. In Morocco, major projects include Le Carrousel Residences and the country's first open-air shopping center.

For more information, please visit www.imkan.ae

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