If you've got some spare Bitcoin lying around and are looking to invest in summer hideaway, this resort could just be exactly what you’re after.
Hotel units at the four-star hotel Al Mahra Resort by Cristal can now be bought using cryptocurrency.
Situated in Ras Al Khaimah, a Dhs350million resort that is expected to open in 2020, but people can start buying permanent rooms now. Prices start from Dhs532,000.
Buyers will also receive a host of benefits with their purchase, including VIP membership, and a return of 24 percent of the purchase price over the first three years.
Owned by business conglomerate FAM Holdings, the resort will feature 548 rooms, with potential buyers being able to purchase superior rooms, one-bedroom luxury suites, two-bedroom luxury suites and three-bedroom luxury villas and suites.
It will also boast onsite water sports facilities, an infinity pool, an all-day dining restaurant and rooftop shisha lounge, along with a private beach on the Arabian Gulf.
Chairman of FAM Holding Dr Faisal Ali Mousa Al Naqbi said: “Some of the biggest names worldwide are warming up to cryptocurrency, therefore it is logical for us to offer people the opportunity to pay in bitcoin or similar currency.
“Cryptocurrency has radically improved the transparency, speed and security of property transactions with smart contracts, hence it is really ground-breaking to do what we are doing.”
Bitcoin is the world’s first type of cryptocurrency, which is a form of digital currency that was initially released back in 2009.
No one knows exactly who invented the electronic form of cash, as the person(s) who did used the alias of Satoshi Nakamoto. It has seen billions of users since over the past few years.
Dubai seems to be incorporating bitcoin more and more into daily life, as Dubai ArtBank also accepts the digital form of currency when buying pieces of art.
So if you're looking to get away, make sure to have some Bitcoin at the ready.
Open 2020. www.almahra-resort.com (04 351 7250).