Bitcoin as a payment method of Emirates Airlines and net profit growth of Emaar

Bitcoin as a payment method of Emirates Airlines and net profit growth of Emaar

  • News
  • Launch of NFT and acceptance of Bitcoin as a payment method by Emirates Airlines and net profit growth of Emaar in Q1 2022

Emirates Airline is to start accepting Bitcoin as a payment service for customers to:

  • Purchase flight tickets
  • Shop in duty-free
  • Book hotel rooms

Emirates has also launched Non-Fungible Tokens (NFTs) to be traded through its websites.

One of the most expensive villas in Dubai sold to a European investor for $17 million

Palm Jumeirah Area – 799m² Villa with private beach features 5 bedrooms with premium finishes and equipped with a smart home system. The property has a garden and a swimming pool.

Emaar announced a net profit growth to $610 million in Q1 2022

This is 240.7% more than in Q1 2021 ($179 million). Compared to Q1 2021:

  • Revenue increased by 12% to $1.8 billion
  • Property sales in Dubai increased by 17% to $2.3 billion

Earlier, Emaar announced the start of sales of apartments in the Orchid project. Sources: Khaleej Times, Gulf News, The National News

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