Dubai Makes History: Government Launches First MENA Tokenized Real Estate Platform with AED 2,000 Entry

• Tokenized Deeds on Blockchain: Property deeds are securely digitized on the XRP Ledger blockchain, transforming them into fractional digital tokens.

• Ultra-Accessible Investing: UAE investors can now own shares in high-value Dubai properties with a remarkably low entry point of AED 2,000.

• Fiat-First Pilot: Transactions during this initial phase are conducted exclusively in UAE Dirhams (AED), ensuring stability and regulatory clarity. Cryptocurrencies are not utilized at this stage.

• Exclusive UAE Access (Initially): Currently available to UAE ID holders, with plans confirmed for global expansion in subsequent phases.

• Regulatory Assurance: Operates under the robust oversight of the Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE, and within the Dubai Future Foundation’s Real Estate Sandbox.

This landmark project is the result of a strategic alliance between:

1. Dubai Land Department (DLD): Driving the vision for digital transformation in real estate.

2. Prypco: Provider of the popular real estate app and the Mint platform, focused on democratizing property investment.

3. Ctrl Alt Solutions: A leading UK-based tokenization startup with proven expertise, having tokenized over $295 million in assets globally. Ctrl Alt integrates directly with DLD’s systems, ensuring seamless synchronization between the blockchain ledger and the traditional land registry for full transparency and legal compliance.

4. Zand Digital Bank: Appointed as the official banking partner for the pilot phase.

The DLD’s tokenization initiative is a cornerstone of Dubai’s Real Estate Sector Strategy 2033 and the Dubai Economic Agenda (D33), cementing the emirate’s position as a global hub for innovation and investment. This move builds upon DLD’s history of blockchain adoption, including its 2019 blockchain mortgage system.

• Projected Market Impact: DLD forecasts that tokenized assets could represent 7% of Dubai’s real estate market by 2033, translating to an estimated AED 60 billion ($16 billion) in value.

• Investor Benefits: Fractional ownership unlocks unprecedented liquidity, transparency via blockchain, reduced barriers to entry, and streamlined processes.

This breakthrough coincides with significant global shifts, including a recent landmark ruling by South Africa’s High Court declaring cryptocurrencies exempt from traditional capital controls. While the DLD platform currently uses fiat currency, such international developments underscore the growing global acceptance of digital assets and blockchain infrastructure, paving the way for future innovations and attracting international capital seeking secure, tech-forward markets like Dubai.

The launch of the Prypco Mint platform via the DLD is more than a pilot; it’s the foundation for transforming Dubai’s real estate landscape. By enabling fractional ownership of prime assets with minimal investment, backed by robust government partnership and regulation, Dubai sets a new global standard for accessible, transparent, and innovative property investment.

For UAE investors: The future of real estate investment is here.

For the global market: Dubai signals its readiness to lead the tokenized real estate revolution, with international access on the horizon.