Fam Properties, a Dubai-based real estate agency, has reportedly partnered with Huobi crypto exchange to provide its clients with a secure crypto gateway for payments.

The real estate company will now enable its customers to purchase their products using BTC and other top altcoins. The clients will be able to do that through the help of their partner, Huobi exchange. According to the firm, this partnership would help bring stability and also improve liquidity in the market.

The company’s CEO Fera Al Msaddi stated that crypto is increasingly becoming a popular payment method, across all world-class cities. He claimed this added option would increase their property transactions and bring more value to the Dubai real estate market.

The firm further believes that this new partnership would also make it easier for clients to invest in prime locations in the United Arab Emirates(UAE).

Huobi exchange has its headquarters in Singapore, with offices in Hong Kong, Japan, UAE and the US. Mohit Davar is the co-founder of Huobi OTC at Dubai Multi-Commodities Center (DMCC). According to him, the exchange has the liquidity and resources to facilitate crypto payments of customers who want to invest in UAE real estate.

Davar added that they are going to streamline the process for customers who want to purchase a property using crypto. He said the exchange will facilitate the transaction by selling their crypto and making the payment to fam in fiat.