Firdaos removes the need for third parties such as real estate agents while turning properties into smart contracts stored on a decentralized ledger.
ZelaaPayAE is one of the leading blockchain solution providers in the United Arab Emirates, and the entire Gulf Area. Today, ZelaaPayAE is expanding its position by entering the DeFi ecosystem with Firdaos: a revolutionary platform that bridges the worlds of decentralized finance and real estate investing.
The real estate sector in the United Arab Emirates is expanding at a rate that is extremely attractive to investors. The UAE property market is expected to continue growing at an annual rate of 7.4% and reach USD 132.5 billion by the end of 2024. Thanks to successful government policies, the real estate sector of the United Arab Emirates has effectively dealt with the aftermath of the COVID-19 pandemic and still keeps expanding – fueled largely by the growing tourism and rising foreign investments.
Firdaos is a DeFi platform aiming to empower anyone, anywhere in the world, to benefit from investing in the real estate sector of the United Arab Emirates. Firdaos disrupts the traditional real estate ecosystem through blockchain technology and DeFi, which allows converting real estate assets into flash liquidity pools crowdfunded by a decentralized community of cryptocurrency investors from around the world.
The core idea of DeFi is removing the human element from traditional investment mechanisms, and replacing it with advanced blockchain technology. Firdaos does exactly this by removing the need for third parties such as real estate agents, while turning properties into smart contracts stored on a decentralized ledger, assuring the privacy and security of the entire process.
Firdaos is powered by ZPAE, the leading cryptocurrency of the United Arab Emirates. The ZPAE token is already one of the most functional coins in the blockchain ecosystem – it’s a gateway that empowers the user to unleash the power of crypto in GCC countries. Thanks to the vast network of Point-of-Sale terminals and ZelaaPayAE Crypto Debit Cards, ZPAE is accepted everywhere Visa payments are accepted.
Firdaos adds a powerful DeFi aspect to ZPAE, and enables all the token holders to become real estate investors. By holding and staking a certain amount of ZPAE, investors are able to participate in the decentralized, crowdfunded liquidity pools. Every backer who contributes towards successfully funding the asset pool receives an assured fixed percent of yield in a specified tenure linked to property.
The combination of crypto and real estate is every investor’s dream: high liquidity of blockchain assets together with the ever-appreciating value of the real estate industry. With Firdaos, the gates to investing in one of the world’s most promising economies are open to everyone.