More from The National:
Christmas season begins in the Middle East - in pictures
James and Kante continue return from injury as Chelsea train in Abu Dhabi - in pictures
Dr Anwar Gargash 'saddened' by loss of London's oldest Arabic bookshop
December 07, 2022
Christmas season begins in the Middle East - in pictures
James and Kante continue return from injury as Chelsea train in Abu Dhabi - in pictures
Dr Anwar Gargash 'saddened' by loss of London's oldest Arabic bookshop
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.
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.