Business
Dubai Court Orders Employee Dues Paid in Cryptocurrency and Dirhams in Landmark Ruling
In a groundbreaking ruling that reflects Dubai’s evolving legal and financial landscape, a court has ordered an employer to pay an Employee Dues Paid in Cryptocurrency. This decision, rendered by the Dubai Courts of First Instance in case number 1739 of 2024, marks a pivotal moment in the acceptance of digital currencies within the country’s legal framework.
The case arose when an employee filed a claim for arbitrary dismissal, demanding that her employer fulfill their contractual obligation to pay her wages in a combination of UAE dirhams and EcoWatt Tokens, a form of cryptocurrency. The court ruled in favor of the employee, requiring the employer to pay the agreed salary, which included the cryptocurrency, in addition to the local currency.
A Landmark Case for Cryptocurrency in Employment Contracts
This ruling is significant as it’s one of the first cases in Dubai where cryptocurrency was recognized as a valid part of an employment contract. The court’s decision reinforces the employee’s right to receive her wages in the agreed-upon form, highlighting the increasing legitimacy of cryptocurrency in legal and financial transactions.
The court ordered the company to pay 5,250 EcoWatt Tokens, which had been unpaid for six months, as well as the remaining salary in UAE dirhams. The employer had failed to provide evidence that these payments were made, prompting the court’s ruling. This case is a prime example of Dubai’s legal system adapting to the rapid growth and adoption of cryptocurrency as a legitimate means of payment.
Expert Opinions on the Legal Precedent
Legal experts view this decision as a significant step forward in the recognition of cryptocurrency in employment contracts. Mahmoud Abuwasel, managing partner at Wasel and Wasel, stated that this judgment underscores the fundamental right of employees to be compensated as per their contracts. The ruling builds on Article 912 of the UAE Civil Transactions Law, which enshrines the importance of honoring contractual obligations.
Navandeep Matta, senior associate at Kochhar & Co Inc., further emphasized that this ruling demonstrates the UAE’s adaptability and progressive stance on modern financial instruments. “This 2024 ruling reflects the UAE courts’ readiness to integrate digital currencies into the legal framework, providing a flexible approach to wage payments. It highlights that while traditional methods like the Wage Protection System (WPS) continue to operate, newer forms of compensation, such as cryptocurrency, are gaining acceptance.”
READ MORE: Bitcoin to Hit $100k Valuation in 2025 Bull Run: What You Need to Know
The Rise of Cryptocurrency in UAE Business
The use of cryptocurrency in financial transactions is on the rise in the UAE, with several industries incorporating digital currencies as part of their payment methods. This case is especially relevant in the tech and blockchain sectors, where cryptocurrencies are frequently used as part of employee compensation. The ruling may encourage more companies to offer such alternative payment methods, provided they are explicitly included in employment contracts.
Irina Heaver, a partner at NeosLegal, clarified that while this case sets a precedent for cryptocurrency payments, the UAE dirham remains the country’s sole legal tender. The ruling does not alter the fact that official salary payments registered with the WPS must still be made in AED. The cryptocurrency portion, in this case, was viewed as an additional benefit, akin to bonuses or shares, which are increasingly common in tech and startup industries.
“This is an important decision for employees working in innovative sectors, such as Web3, where projects often reward workers with tokens in addition to traditional wages. The ruling reinforces that employees have the right to be compensated as agreed, including through digital tokens,” Heaver explained.
Past Judgments and Legal Evolution
This isn’t the first time Dubai’s courts have addressed the issue of cryptocurrency in employment contracts. In 2023, a similar case (judgment number 6,947) involved an employee’s salary being partially paid in EcoWatt Tokens. However, at that time, the court did not award the cryptocurrency portion, citing concerns about the legality and enforceability of such payments. The 2024 ruling represents a shift, with the court now recognizing cryptocurrency payments as a valid form of compensation.
“This evolution from the 2023 ruling to the 2024 judgment illustrates Dubai’s growing openness to cryptocurrency in legal matters,” said Abuwasel. “The UAE courts are adapting to the changing financial landscape, ensuring that legal protections evolve alongside technological advancements.”
Wider Implications for Cryptocurrency Adoption in the UAE
This case could pave the way for increased adoption of cryptocurrency in various sectors across the UAE, especially as industries like real estate, retail, and hospitality begin to explore digital currencies as a viable payment method. Several real estate developers in Dubai already accept cryptocurrency for property purchases, typically converting these payments to fiat currencies to avoid the volatility associated with digital assets.
As digital currencies become more accepted, other sectors may follow suit, incorporating cryptocurrency into their payment systems. This could revolutionize how businesses operate, drive further innovation, and strengthen the UAE’s position as a global hub for financial technology.
Matta added, “The court’s decision symbolizes a broader acceptance of cryptocurrency in financial transactions and mirrors global trends toward recognizing digital currencies as legitimate assets. This ruling not only supports employee rights but also reinforces the UAE’s standing as a leader in financial and technological innovation.”
Conclusion: A Significant Step Forward
Dubai’s decision to enforce a contract that included cryptocurrency as part of an employee’s wages marks a significant development in the legal recognition of digital currencies. As cryptocurrencies gain broader acceptance, rulings like this highlight the UAE’s progressive stance in adapting its legal framework to accommodate the evolving financial ecosystem.
For more updates on cryptocurrency in the UAE and legal developments, visit What’s Hot in UAE.
Entrepreneur
Spotting the Next Big Investment Opportunity in Dubai’s Startup Scene
Dubai has solidified itself as a global innovation hub, attracting startups, venture capitalists, and tech disruptors. From AI and fintech to space technology and Web3, new investment opportunities are emerging fast. But how do you get in early before they go mainstream?
Here’s how to spot and invest in the next big thing in Dubai’s startup scene.
1. Which Industries Are Booming in the UAE’s Business World?
Dubai’s startup ecosystem is thriving, with government support, tax-free zones, and a booming digital economy fueling new business growth. Here are the top industries to watch for high-growth investments:
🚀 Artificial Intelligence (AI) & Automation
✅ The UAE has committed $50 billion to becoming an AI superpower, with AI-driven government services, self-driving transport, and deep-tech research.
✅ Dubai’s AI Strategy 2031 is focused on robotics, predictive analytics, and smart city solutions—making AI startups a hot investment.
✅ Top AI Startups to Watch:
- G42 (AI & cloud computing)
- Derq (AI-powered smart traffic systems)
- Cognit DX (AI for customer experience)
💳 Fintech & Digital Banking
✅ Dubai’s fintech sector grew 230% in 5 years, thanks to blockchain-based finance, payment tech, and neobanking.
✅ Free zones like DIFC and ADGM offer regulatory sandboxes, attracting global fintech startups.
✅ Top Fintech Startups to Watch:
- YAP (UAE’s first digital-only bank)
- Tabby (Buy-now-pay-later platform)
- Sarwa (Robo-advisor for investing)
🌐 Web3 & Blockchain Innovation
✅ The UAE aims to be a global crypto and blockchain leader with over 1,500 blockchain startups already operating in Dubai.
✅ Government-backed initiatives like Dubai’s Metaverse Strategy aim to create 40,000 Web3 jobs by 2030.
✅ Top Web3 Startups to Watch:
- MidChains (Regulated crypto exchange)
- FTFT Capital (Blockchain & DeFi solutions)
- ColossiDAO (Decentralized investment platform)
🛰 Space Tech & Aerospace Innovation
✅ The UAE Space Agency is funding space startups, with a $3 billion investment in future Mars and Moon missions.
✅ Startups focusing on satellite technology, space mining, and zero-gravity manufacturing are gaining investor interest.
✅ Top Space Startups to Watch:
- Yahsat (Satellite communications)
- Mubadala-backed Strata (Aerospace innovation)
- Mars Scientific City (UAE’s space research hub)
2. How to Invest in Web3, AI, and Fintech Startups Before They Go Mainstream
Early-stage investing in Dubai’s hottest startups requires the right strategy. Here’s how to get in early:
💰 Venture Capital & Angel Investing
✅ Join Angel Investment Networks – Platforms like Dubai Angel Investors and Womena provide early access to pre-seed and seed-stage startups.
✅ Invest in Startup Accelerators – Backing AI, fintech, and blockchain-focused accelerators like Hub71, DIFC Fintech Hive, and Flat6Labs gives exposure to vetted startups.
✅ Check Crowdfunding Platforms – Sites like Eureeca and Beehive offer equity crowdfunding for early-stage UAE businesses.
📊 Track Government-Backed Tech Grants
✅ Abu Dhabi’s Hub71 Incentive Program offers free office space, networking, and funding for tech startups.
✅ DIFC’s Fintech Hive provides early-stage funding and regulatory support for fintech innovators.
✅ Mohammed Bin Rashid Innovation Fund gives venture debt financing to high-growth UAE startups.
3. Networking Events & Pitch Nights for Meeting UAE’s Top Entrepreneurs
Networking is key to spotting the next big startup success. Dubai hosts some of the best pitch nights, investor summits, and startup meetups:
🎟 Best UAE Startup Events for Investors
📌 Step Conference (Dubai, February 2025) – The Middle East’s biggest startup summit, featuring AI, Web3, and fintech founders pitching to investors.
📌 GITEX Global (Dubai, October 2025) – The region’s largest tech expo, showcasing next-gen AI, blockchain, and smart city startups.
📌 Fintech Surge (October 2025) – Focused on emerging fintech and crypto trends, this event connects investors with high-growth startups.
📌 Dubai Angel Investors Meetup (Quarterly) – A networking event for VC firms, angel investors, and startup founders looking for funding.
📌 DisruptAD (Abu Dhabi’s Startup Program) – A pitch competition and networking event for investors targeting early-stage UAE startups.
Final Thoughts: How to Spot the Next Big Startup in Dubai
Dubai’s fast-growing tech ecosystem is packed with high-growth investment opportunities. By focusing on AI, fintech, Web3, and space startups, networking with founders at pitch nights, and investing in early-stage accelerator programs, you can get in before the next big unicorn emerges.
🚀 Which industry do you think will dominate Dubai’s startup scene next?
Entrepreneur
How to Get Into the Private Crypto & NFT Investment Circles in the UAE
The United Arab Emirates (UAE), particularly Dubai, has emerged as a global hub for cryptocurrency and NFT investments. With its progressive regulatory environment and burgeoning tech ecosystem, the region offers numerous opportunities for those looking to delve into exclusive investment circles. If you are interested in Private Crypto & NFT investments, here’s how you can navigate this dynamic landscape:
1. Exclusive Investment Groups & DAOs Making Waves in Dubai
RAK Digital Assets Oasis (RAK DAO): Located in Ras Al Khaimah, RAK DAO is a government-supported free zone designed to foster digital asset companies. It offers efficient onboarding processes and pivotal licensing, which fuel business growth in the private crypto sector and provide NFT opportunities.
XDC Blockchain Accelerator: In collaboration with RAK DAO, XDC has launched the “Builder’s Oasis” accelerator program, dedicating $2 million to support Web3 startups. This includes sectors like gaming, AI, and blockchain infrastructure. Select participants are eligible for up to $100,000 in funding. They also receive guidance from RAK DAO’s focused partners in the NFT ecosystem.
HomeCubes DAO Initiatives: HomeCubes leverages DAOs to facilitate co-living property investments in the UAE. They create new ways for individuals to pool resources collectively in private real estate opportunities, including crypto and NFTs.
2. Attending Invite-Only Crypto & Blockchain Networking Events
Global Blockchain Congress: Scheduled for February 5-6, 2025, in Dubai, this exclusive event connects blockchain innovators with leading investors. It happens through pre-arranged, one-on-one meetings. These private crypto invitations ensure a curated networking environment for NFT enthusiasts too.
TOKEN2049 Week: Taking place from April 28 to May 4, 2025, in Dubai, TOKEN2049 Week encompasses a wide range of meetups, workshops, networking drinks, and parties. TOKEN2049 is the flagship event. Some events are invite-only, offering exclusive networking opportunities in the private crypto world with NFTs included.
AIBC World Summit: Recognized globally for blockchain, AI, crypto, and emerging technologies, the AIBC Summit hosts exclusive, invitation-only events. This provides a platform to connect with industry leaders in crypto circles, especially those focusing on private NFT assets.
Meetup Groups: Platforms like Meetup.com list various cryptocurrency groups in Dubai, offering opportunities to connect with local private NFT and crypto enthusiasts and professionals.
Eventbrite Listings: Eventbrite features blockchain networking events in Dubai, ranging from workshops to symposiums. These events cater to different interests, including private NFT initiatives within the crypto community.
3. UAE-Based Web3 Startups to Keep an Eye On
CoinMENA: Licensed by Dubai’s Virtual Asset Regulatory Authority (VARA), CoinMENA is a platform that allows users to buy, sell, send, receive, and store digital assets securely. It operates efficiently in the private crypto sector while catering to NFT investors.
HomeCubes: This platform utilizes DAOs to fund mixed-use developments in Dubai. It provides a transparent, efficient, and inclusive alternative to traditional financing methods in real estate for private crypto and NFT investors.
DMCC Crypto Centre Members: The Dubai Multi Commodities Centre (DMCC) hosts a vibrant crypto and blockchain ecosystem. It offers flexible licensing solutions, commercial space, and access to a highly skilled talent pool. Members benefit from industry’s private networking events and opportunities in NFT funding circles.
Final Thoughts
Integrating into the private crypto and NFT investment circles in the UAE requires strategic networking. Additionally, participate actively in exclusive events and stay informed about emerging Web3 startups. By engaging with leading DAOs, attending high-profile conferences, and monitoring innovative projects in private crypto and NFT spheres, you can position yourself at the forefront of the UAE’s dynamic digital asset landscape.
Entrepreneur
How to Sneaker-Shop Like a Pro: Finding Rare Kicks in the UAE
Dubai has rapidly become a global sneaker hub, with limited-edition drops, high-end sneaker boutiques, and exclusive resell markets thriving across the city. If you’re wondering how to sneaker-shop effectively, whether you’re after Nike Dunks, Yeezys, or rare Jordan collaborations, the UAE offers plenty of ways to cop exclusive sneakers—if you know where to look. Knowing how to sneaker-shop in such a diverse marketplace can be overwhelming, but understanding the scene is key.
Here’s your ultimate guide to finding the rarest sneakers in Dubai & Abu Dhabi like a pro. Learning how to sneaker-shop here means knowing the right places and times.
1. The Best Sneaker Stores for Exclusive Releases in the UAE
If you’re looking for exclusive releases, high-heat sneakers, and rare collaborations, these are the top sneaker boutiques in the UAE:
👟 Top Sneaker Boutiques in Dubai & Abu Dhabi
🏆 Presentedby (Dubai Mall) – The UAE’s hottest sneaker consignment store, with a gallery-style layout and premium sneakers sourced globally.
🔥 Concepts Dubai (City Walk 2) – One of the best stores for limited-edition sneaker collabs, including Nike, New Balance, and Yeezy.
💎 Amongst Few (Jumeirah 1) – A UAE-based streetwear brand and sneaker boutique stocking exclusive releases and local collabs.
👀 The Good Life (Alserkal Avenue) – A sneaker boutique known for carrying rare Air Jordans, Yeezys, and New Balance drops.
🚀 MAD Kicks (Bluewaters Island) – One of the top resell sneaker stores in Dubai, specializing in rare and high-value kicks.
🌍 Snkr Bubble (Dubai Design District) – A go-to spot for luxury sneakers, Nike SB Dunks, and premium streetwear.
✅ Pro Tip: Follow these stores on Instagram for real-time updates on exclusive sneaker releases and restocks. Additionally, knowing how to sneaker-shop in Dubai is simplified by staying connected through social media.
2. How to Get Early Access to Nike SNKRS & Yeezy Drops in Dubai
Copping sneakers at retail prices is tough, but early access and raffles can help you secure limited-edition kicks before they hit the resell market.
🔥 Best Ways to Get Exclusive Sneaker Drops in Dubai
✅ Nike SNKRS App – Nike’s official app for exclusive releases and limited sneaker drops. Download it and enable notifications to increase your chances when you learn how to sneaker-shop effectively.
✅ Adidas CONFIRMED App – The best way to enter raffles for Yeezy and Adidas collaborations before they sell out.
✅ Limited-Edition Sneaker Raffles – Boutiques like Concepts Dubai, Presentedby, and Amongst Few regularly host raffles for high-heat sneakers. Follow them on social media for updates.
✅ Retailer Priority Lists – Stores like The Good Life and MAD Kicks offer VIP customer lists, giving priority access to exclusive sneaker drops.
3. The Best Sneaker Resell Marketplaces in the UAE
If you miss out on retail drops, resell platforms and consignment stores are your best bet for scoring rare kicks in Dubai & Abu Dhabi. Learning how to sneaker-shop in the resell market is a must for rare finds.
💰 Trusted Resell Marketplaces for Legit Sneakers
📦 MAD Kicks (Dubai) – A top resell sneaker store specializing in rare Jordans, Yeezys, and Off-White collaborations.
💎 Presentedby (Dubai Mall) – A premium sneaker consignment store offering authenticated high-value sneakers.
🌐 GOAT & StockX (Online) – Global sneaker marketplaces that ship to the UAE with authentication services for added security.
🛍 The Luxury Closet (Dubai & Online) – A resale platform offering designer sneakers and rare hype collaborations.
✅ Pro Tip: Always authenticate sneakers when buying from resellers. Use platforms like CheckCheck or LegitGrails to verify authenticity.
Final Thoughts: Sneaker Shopping in Dubai Like a Pro
If you’re serious about copping rare sneakers in Dubai, it’s all about strategy, connections, and early access. Follow boutique sneaker stores, enter raffles, and know where to resell safely—and you’ll be rocking the rarest kicks in the UAE in no time. Knowing how to sneaker-shop can make this process much easier.
📍 Which sneaker drop are you waiting for? Let us know!
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