Dubai unveils region’s first tokenised real estate project

Dubai has launched the region’s first tokenised real estate investment project, a major step toward digitising the property sector.

The Dubai Land Department (DLD) announced the launch through the 'Prypco Mint' platform, developed in collaboration with Prypco, the Virtual Assets Regulatory Authority, the Central Bank, and the Dubai Future Foundation.

The project allows investors - initially limited to UAE ID card holders - to buy tokenised shares in ready-to-own properties in Dubai starting from just AED 2,000, with all transactions conducted in UAE Dirhams, and no use of cryptocurrencies during the pilot phase.

The digital platform ensures transparency, providing full property details and a secure investment process.

Zand Digital Bank has been appointed as the banking partner, with investor funds held securely in a dedicated account until purchases are finalised.

The pilot phase is part of Dubai’s broader real estate strategy and the Dubai Economic Agenda D33, which aim to position the city as a global leader in smart real estate and digital investment innovation.

Tokenised assets are expected to account for up to 7 per cent of Dubai’s real estate market by 2033, valued at AED 60 billion.