More from The National:
Saturday's best photos: from TikTok celebrity tortoise to French Spider-Man
Friday's best photos: from sunset over Sheikh Zayed Grand Mosque to tiger dancers
Thursday's best photos: from an immersive Monet experience to the Bledisloe Cup
Wednesday's best photos: from a Kardashian fashion show to calm before the storm
Tuesday's best photos: from Lizzo's Emmy win to a Berlin ballet tour
Monday's best photos: from Burj Khalifa queen tribute to Red Bull cliff diving
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.
Skewed figures
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.
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
More on Quran memorisation: