Dubai launches the first real estate project supported by blockchain technology in the Middle East!
Dubai continues to strengthen its position as a global center for financial innovation by launching the first licensed real estate project using digital tokenization in the Middle East and North Africa!
🔍 Key details:
- Project partners: In collaboration with the Dubai Land Department (DLD), the Central Bank of the UAE, and the Dubai Future Foundation.
- Trading platform: Digital real estate assets will be issued through a new platform, supported by "Zand" during the trial phase.
- Investment starting from only $545! Individuals can own shares in Dubai properties with a minimum of **2000 AED**.
📌 Important notes:
✅ All transactions in the trial phase will be **in AED only** (without cryptocurrencies).
✅ Currently available for UAE ID holders, with plans for global expansion soon.
✅ This project comes after the **VARA Authority** updated its laws to support real estate asset tokenization.
💡Why is this project important?
- Enhances liquidity in the real estate market.
- Opens the door for small investors to enter the real estate market.
- Confirms Dubai's position as a leader in adopting technologies.