DUBAI: Do away with real estate brokers altogether? Where every transaction can be done directly between a buyer and seller — or a landlord and tenant — using an online platform to be put up by Dubai Land Department? And the deals can be sealed and done with the users being anywhere in the world?
Such a scenario is not about to happen overnight — but by the first quarter of 2020, this could be the reality in Dubai’s property market.
All thanks to advances in the use of blockchain, for uses other than to propagate highly volatile and highly toxic cryptocurrencies and tokens.