Amaal and IOPn partner to pioneer property tokenisation in Dubai
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The tokenisation of MANSORY Residences is currently in the planning phase, and more details are anticipated to be released in the coming months
Developer Amaal has announced a strategic partnership with IOPn, a blockchain infrastructure company. The collaboration aims to bring tokenised property solutions to a wider global investor base. Amaal's commitment to innovation aligns with Dubai's digital vision, which seeks to enhance accessibility, liquidity, and international investor participation in the real estate market, the firm said.
Both organisations are adopting an innovation-driven approach to support the evolution of real estate investment. By leveraging blockchain technology, they aim to make property investment more accessible and efficient, while preserving exclusivity and long-term value. This partnership complements Dubai Land Department's recent real estate tokenisation initiative, which aims to digitise 7% of property or US $16bn by 2033. As the collaboration progresses, specific projects and properties will be shared.
'At Amaal, we see innovation as essential to shaping the future of real estate, and collaborating with IOPn exemplifies our forward-looking vision,' said Abdulla Lahej, Chairman of Amaal. 'Through tokenisation, we're making it possible for more people to participate in real estate investment, supporting the UAE's commitment to leadership in the digital economy and smart city infrastructure.'
Mojtaba Asadian, CEO of IOPn commented, 'This partnership with Amaal marks a pivotal step in redefining how global investors access luxury real estate. In alignment with Dubai's regulatory framework, we are in the process of tokenising the high-end MANSORY Residences. This initiative is not only enhancing liquidity but also setting a new benchmark for transparency, accessibility, and global participation in property ownership. At IOPn, we believe the future of real estate is on-chain, and we're proud to build that future with visionary partners like Amaal.'
Dubai's luxury real estate market is experiencing growth, with sales of homes priced above $10mn surging to $2.6bn between April and June 2025. To meet this surge in demand, IOPn's blockchain infrastructure, OPN Chain, is being developed. OPN Chain aims to unlock liquidity and enhance global accessibility for traditionally illiquid assets such as luxury real estate. Through strategic partnerships with developers and regulatory authorities, the company is bridging the gap between physical and digital value by implementing compliant and scalable technology.
The tokenisation of MANSORY Residences is currently in the planning phase, and more details are anticipated to be released in the coming months. The tower is scheduled for completion in the fourth quarter of 2028.
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