4 days ago
Dubai Land Department Launches Region's First Tokenised Real Estate Investment Platform
Dubai Land Department (DLD) has launched the Middle East and North Africa's first tokenised real estate investment project, marking a major step in modernizing property investment through digital technology.
The pilot phase is live on the Prypco Mint platform, enabling UAE residents to buy tokenised shares in prime Dubai properties starting from AED 2,000.
This groundbreaking initiative is a collaboration between DLD, Prypco, the Virtual Assets Regulatory Authority (VARA), the UAE Central Bank, and the Dubai Future Foundation. Zand Digital Bank supports the pilot phase as the official banking partner, reinforcing Dubai's role as the first MENA city to adopt a licensed platform for real estate tokenisation.
The platform operates exclusively in UAE Dirhams, without cryptocurrency use during the pilot, and offers investors full transparency with access to detailed property data, pricing, and risk information. All transactions are safeguarded through a Client Money Account system overseen by the Central Bank, ensuring funds remain protected until purchases are finalized.
This project aligns with Dubai's Real Estate Sector Strategy 2033 and the Dubai Economic Agenda D33, aiming to boost innovation, attract global investors, and solidify Dubai's status as a smart real estate investment hub. Tokenised assets are expected to capture up to 7% of Dubai's real estate market by 2033, valued at AED 60 billion (USD 16 billion).
Currently limited to ready-to-own properties and regulated tokenisation firms, the platform plans to expand access globally and include more licensed companies in future phases. Investors gain legally documented ownership shares with benefits from rental income and capital growth, offering a secure, transparent alternative to traditional property investment.
This initiative is part of DLD's broader Real Estate Evolution Space (REES) to position Dubai at the forefront of PropTech and AI innovation in real estate.
News Source: Emirates News Agency
