The first licensed tokenized real estate project in the MENA region has been launched in Dubai — investors will be able to buy shares in completed real estate properties starting from 2,000 dirhams ($545).

At the first stage, only UAE citizens will be able to participate, all payments will be in dirhams, without cryptocurrencies.

The project is being implemented with the support of the Dubai Land Department, the Central Bank of the UAE and the Dubai Future Fund. Its goal is to attract global investors and increase the liquidity of the real estate market.