You Can Buy Metaverse Mansions In Dubai & Here’s How!

by Deeplata Garde
You Can Buy Metaverse Mansions In Dubai & Here’s How!

Dubai boasts a diverse range of residential flats to suit every requirement. There are various sorts of properties in Dubai that appeal to both renters and purchasers, ranging from flats to townhouses. A property agency in Dubai is planning to offer the region’s first ‘metaverse mansions’. This will allow customers to hold a non-fungible token (NFT) both with and without the physical asset.

Union Square House Introduces NFT In Real Estate Sector

Union Square House plans to issue the first NFTs in July. Their ultimate focus will be on ultra-luxury residences. The brokerage reaps the benefits of Dubai’s “high degree of familiarity” with the digital world. The Palm Jumeirah, Emirates Hills, District One, Dubai Hills Estates, and other “micro-markets” will be on the target list for sales. According to Brandessence’s study, the metaverse real estate market would rise at an annualized pace of 31.2 per cent from 2022 to 2028. In February, Hampton Hall in England, considered to be the world’s first metaverse home, was on the market. Whoever buys the property in real life will have first dibs on the digital blueprint, which will be in the form of an NFT.

Recent Metaverse Events In Dubai

Dubai is holding the world’s first NFT pay-per-view event, featuring Floyd Mayweather and Anderson Silva. As per organisers, the Global Titans Fight Series is pulling some giants to the city for the country’s first-ever NFT major sporting event.

Also Read: Dubai To Host World’s First NFT Pay-Per-View Event Featuring MMA Superstars

On Wednesday, April 27, the digital and physical worlds will intersect at Infinity des Lumires, a Dubai-based digital art centre in The Dubai Mall, which will host a one-day NFT show. Hand-drawn paintings take their appreciation of environmental concerns and are set in a post-apocalyptic future that exists in both the real and digital worlds.

Also Read: Dubai Is Hosting First-Ever Immersive NFT Art Exhibition

On Friday, the world’s first supercar ownership NFT series debuted in Dubai. To the crowd’s surprise, the first three NFTs sold out in seconds. The NFTs come with customised digital and physical artworks. It accompanies a month of ownership and driving a Mercedes-AMG GT Black Series.

Also Read: Dubai Gets World’s First Supercar Ownership NFT Series