#Dubai. Embraces Blockchain with MENA’s First Licensed Tokenized Real Estate.
Dubai has launched the first licensed tokenized real estate project in the Middle East and North Africa (MENA) region, marking a significant step in integrating blockchain technology into the property market.
Key Highlights:
.Project Overview: The initiative is a collaboration between the Dubai Land Department (DLD), the Central Bank of the United Arab Emirates, and the Dubai Future Foundation. It allows individual investors to purchase tokenized shares of ready-to-own properties in Dubai, with investments starting at 2,000 Emirati dirhams (approximately $545).
.Trading Platform: Tokens will be tradeable on the newly launched #PrypcoMint platform. Zand Digital Bank has been appointed as the banking partner for the project's pilot phase.
.Regulatory Framework: In May 2025, Dubai’s Virtual Assets Regulatory Authority (VARA) updated its rules to include real-world asset (RWA) tokenization, permitting such tokens to be traded on secondary markets.
.Market Projections: The DLD projects that tokenized real estate could account for 7% of Dubai’s total property transactions, reaching a market value of approximately $16 billion by 2033.
.Global Expansion Plans: While the pilot phase is currently limited to UAE ID holders, there are plans to expand the program globally, aiming to attract international investors and enhance liquidity in Dubai’s real estate market.
This project underscores Dubai's commitment to leveraging #blockchain technology to modernize its real estate sector, providing greater accessibility and efficiency for investors.