A picture shows a view of an external yard of a "damous", a dwelling carved into Libya's arid Nafusa mountains, in Gharyan town, about 100 Km southwest of the capital, on February 5, 2022. - Gharyan's unique underground houses were hewn into the mountainside centuries ago, and many lie abandoned, but residents of the Libyan town are hoping tourism can help restore their heritage. (Photo by Mahmud TURKIA / AFP)

MENA

Libyan ‘damous’ dwellings hope to lure tourists - in pictures

Gharyan’s unique underground houses were left abandoned over the years

The National

April 17, 2022

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Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Updated: April 17, 2022, 1:46 PM