<h2 class="">DUBAI COURT ACCEPTS CRYPTOCURRENCY AS A VALID SALARY PAYMENT METHOD.</h2>A ruling in<a href="https://inchbrick.com/" target="_blank"> Dubai</a> court has mandated that a company can pay their employee's outstanding dues in both UAE dirhams and cryptocurrency, as specified in their contract. The decision came after the employee filed a lawsuit for arbitrary dismissal against the company. Announced in case number 1739 of 2024, the ruling by the Dubai Courts of First Instance marks a significant shift in the legal landscape, reflecting the continuous evolution of financial transactions. <img src="https://cdn.inchbrick.com/upload-editor-file/1724410012277_c703a023-816c-4634-af7a-251242e1af7b.jpg" alt="Dubai Salary in Crypto - Inchbrick Realty"> 
The employee’s contract stipulated that the salary be paid in both UAE dirhams and Ecowatt Tokens, a type of cryptocurrency. Following the court's ruling in favor of the employee, the company was ordered to pay the due wages in Ecowatt Tokens as well.
Mahmoud Abuwasel, managing partner of Wasel and Wasel, highlighted that the dispute revolved around the company's failure to pay the 5,250 EcoWatt token portion of the salary for six months, coupled with allegations of wrongful termination.
"This landmark ruling by Dubai Courts establishes that salaries paid in cryptocurrency are legally valid, marking a substantial change in the UAE’s legal and economic environment," said Navandeep Matta, a senior associate at Kochhar &amp; Co Inc. Legal Consultants (Dubai Branch). "The decision emphasizes that wages are a fundamental right of the employee, grounded in the agreed terms of employment and protected under Article 912 of the Civil Transactions Law. This ruling also aligns with the legal framework set by Federal Decree-Law No. (33) of 2021, which regulates labor relations in the UAE, showcasing flexibility in wage payment methods, including the traditional Wage Protection System (WPS) and other approved mechanisms."
By awarding a portion of the employee’s salary in EcoWatt tokens, the ruling not only safeguarded the worker’s earnings but also kept pace with technological advancements, underscoring that payment methods can evolve over time.
Irina Heaver, a partner at NeosLegal, explained that under this ruling, project tokens included in the employment contract were deemed a valid form of compensation. "The court recognized project tokens as a legitimate part of an employee’s salary. With more than 3,000 crypto companies employing thousands across the UAE, this ruling is a victory for employees’ rights. In the Web 3 sector, it's common for projects to reward employees with tokens, aligning their interests with the project's success. Employees deserve to share in that success, just like venture capitalists," she added.
However, Heaver clarified that this rule does not change the fact that the UAE dirham remains the only legal tender in the UAE, and salary payments must be registered with the WPS system, which only operates with AED. "This case pertains to additional employee benefits that an employer might promise, such as flights home, bonuses, or shares in the business. In this instance, it involved project tokens," she said, noting that some media reports misinterpreted the ruling, suggesting various legislative changes that are not accurate.
Abuwasel further explained that since the company could not provide evidence of payment for the due months in EcoWatt tokens, the court ordered the company to pay the value of the wages in EcoWatt tokens.<h3 class="">Cryptos Gaining Currency</h3> 
In a previous rule in 2023, under judgment number 6,947, the court acknowledged the inclusion of EcoWatt tokens in an employment contract but ultimately denied awarding the amount in tokens. The shift from the 2023 to the 2024 judgment illustrates the UAE courts’ readiness to adapt to the evolving financial landscape, creating a robust legal framework that honors modern financial practices while protecting contractual rights.
Navandeep Matta added that the court's acceptance of cryptocurrencies as a valid form of settlement represents a step forward in integrating digital currencies into the UAE's legal framework. "This development mirrors a broader global trend towards recognizing cryptocurrencies as legitimate assets, further solidifying the UAE's reputation as a hub for innovative finance and technology."
As cryptocurrencies gain wider acceptance, they are also becoming more prevalent in the UAE’s <a href="https://inchbrick.com/" target="_blank">real estate sector</a>, with many companies accepting digital currencies from <a href="https://inchbrick.com/buy-property-in-dubai" target="_blank">property buyers</a>. Notably, developers often convert cryptocurrencies to fiat currency or bank transfers immediately due to the volatility associated with digital currencies. <img src="https://cdn.inchbrick.com/upload-editor-file/1724410097209_bd733431-6694-417e-a470-ad06941aec40.jpg" alt="Dubai Salary in Crypto - Inchbrick Realty"> 
"As digital currencies gain broader acceptance, we can expect them to be incorporated into various other sectors, including <a href="https://inchbrick.com/dubai-property-market" target="_blank">Dubai real estate</a>, retail, and even government services. This evolution will drive innovation and create new opportunities for businesses and consumers alike, further enhancing the UAE’s position as a global leader in adopting cutting-edge financial technologies," Matta concluded. If you’re looking to <a href="https://inchbrick.com/buy-property-in-dubai" target="_blank">buy property in Dubai </a>or interested in a <a href="https://inchbrick.com/new-launch-projects" target="_blank">new launch project in Dubai</a><a href="https://inchbrick.com/new-launch-projects" target="_blank">,</a> it's worth noting how rapidly these payment methods are evolving, including the acceptance of Dubai salaries in crypto.

Will Dubai Soon Cash Out Their Salary in Crypto?

<h2 class="">New Launch Projects is Coming by Select Group</h2><img src="https://cdn.inchbrick.com/upload-editor-file/1695471880795_a1cd8513-d6ba-4809-bc7f-b482e1bae4ee.jpg" style="width: 50%;"> <h2 class="">About Select Group Developer</h2>The <a href="https://inchbrick.com/top-real-estate-developer-in-dubai/select-group" target="_blank">Select group</a> has shown itself to be a diverse and innovative organization, a multifaceted and pioneering entity, embodying a versatile and forward-thinking approach to real estate development and investment. Since its inception in 2002, it has emerged as a preeminent private real estate developer in the region, with a workforce exceeding 550 individuals across the GCC and Europe. The ventures undertaken by the Consortium in 2024 encompass a spectrum of domains, including acclaimed residential, industrial, hospitality, retail, and mixed-use land development projects.A consortium of such caliber transcends the ordinary realm of real estate endeavors. We diligently heed the perspectives of clients, consultants, and stakeholders, fostering meaningful relationships within the professional sphere. Our overarching aspiration: to curate a transformative experience that elevates the quality of life for all involved.Numerous splendid projects in Dubai have been completed by these developers, among them:<h3 class="">Studio One:</h3>Rising majestically over 31 floors, Studio One offers a collection of studio apartments alongside one and two-bedroom residences, boasting expansive floor-to-ceiling windows, contemporary interior finishes, and stylish furnishings. Set against the backdrop of <a href="https://inchbrick.com/location-in-dubai/dubai-marina" target="_blank">Dubai Marina</a>, Studio One provides unparalleled amenities and awe-inspiring vistas. From its sleek exterior to meticulously crafted interiors, Studio One promises a lifestyle of unparalleled luxury and comfort, envisioned to enhance the iconic Dubai Marina skyline.Designed with the discerning tastes of busy professionals, homeowners, and savvy investors in mind, Studio One offers a prime location with convenient access to the bustling streets and vibrant atmosphere of Dubai Marina. Spanning seven kilometers of waterfront promenades, Dubai Marina stands as the world's largest man-made marina, coveted for its unparalleled lifestyle offerings and coveted real estate opportunities. Featuring an array of residential services, hospitality options, retail establishments, and recreational amenities, Studio One epitomizes modern urban living at its finest, catering to both residents and visitors alike. <h3 class="">Residences at Marina gate 1 &amp; 2:-
</h3>Marina Gate locals get access to a variety of leisure and wellness facilities such as spectacular swimming pools, gyms, kids pools and playgrounds, a basketball court, an outdoor fitness center, and a multifunctional outdoor arena. It comprises 3 residential towers. The towers cover between 43 and 56 levels and offer roomy, contemporary apartment buildings and duplex <a href="https://inchbrick.com/residential-properties/penthouse-for-sale-in-dubai" target="_blank">penthouses</a>. They are connected by a 7-story podium of <a href="https://inchbrick.com/residential-properties/villa-for-sale-in-dubai" target="_blank">villas</a> on the waterfront and shops. The tropical poolside, fitness center, and amenities for each building. The ground floor also has a number of shops and easy entry to the Marina Walk. A full-scale hospital, the world-famous supermarket, supermarkets, cafes serving various cuisines, a variety of specialty coffee houses, and a range of beauty salons, vet, etc.

 <h3 class="">Jumeirah Living Marina Gate:-
</h3>Jumeirah Living Marina Gate consolidates the luxury experience of the Jumeirah Group with the dedication of the Dubai Select Group real estate to create an outstanding life quality.It is constructed for distinguished people who are looking in one place for whatever they need. For the first time, Marina residents have access to the flawless benchmarks of Jumeirah, combined with excellent tourist destinations, for a customized lifestyle.The third and final tower of the renowned Marina Gate group is situated at the initial entry to the Dubai Marina. In one of the most fascinating places in Dubai, it offers a luxury seafront atmosphere. Select Group, one of the leading <a href="https://inchbrick.com/top-real-estate-developer-in-dubai" target="_blank">real estate developers in Dubai</a>, has a <a href="https://inchbrick.com/new-launch-projects" target="_blank">new launch project</a> in Dubai Maritime City. <img src="https://cdn.inchbrick.com/upload-editor-file/1695627025176_45046711-d5f0-4de6-ba69-ac72f31a93d4.jpg" style="font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align); width: 100%;"> The Select Group, esteemed as one of the region's leading real estate developers, has unveiled its latest residential endeavor in Dubai Maritime City - Nautica.Scheduled for completion by the fourth quarter of 2026, Nautica encompasses two identical towers: Nautica One and Nautica Two.Benefitting from its burgeoning infrastructure and excellent connectivity to major expressways, Dubai Maritime City is poised to emerge as the city's next residential hub, presenting a compelling opportunity for prospective investors.
 The Nautica Towers are poised to redefine waterfront living in Dubai Maritime City. These towers showcase an array of one and two-bedroom apartments, adorned with hues of slate, cool grey, and warm timber tones, accented by sapphire and blue motifs inspired by the sea and maritime aesthetics.
 Each Nautica tower comprises 328 residences ranging from 615 to 1,032 square feet. Featuring bespoke layouts and floor-to-ceiling windows that flood the interiors with natural light, these contemporary homes offer a welcoming and refined atmosphere tailored to meet the discerning needs of residents.<h2 class="">Why Choose InchBrick Realty?</h2>Inch &amp; Brick is a group of dedicated personnel who work together to provide the best homes to our clients and give them a smooth and enjoyable real-estate experience.<a href="https://inchbrick.com/" target="_blank">Inch &amp; Brick Realty</a> strives to make the property purchase process easy and stress-free as much as possible for their clients.<div>They offer free consultations and guidance to clients in order to help them comprehend the Dubai real estate market and make informed decisions.
</div><div>They have a large network of real estate contacts, which allows them access to the most recent properties and deals.
</div><div>They use cutting-edge technologies to assist their clients in finding the ideal property for their requirements.
</div><div>They provide a broad range of services, from property search to property management, in order to make the entire process as simple for their clients as feasible.</div><h1 class=""> </h1>

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Will Dubai Soon Cash Out Their Salary in Crypto?

NEW LAUNCH PROJECT IS COMING BY SELECT GROUP