CoinVoice has recently learned that, according to Cointelegraph, the latest data from Property Finder shows that Dubai's real estate market completed a total of 18,700 transactions in May, with total sales reaching 66.8 billion dirhams (approximately 18.2 billion USD), an increase of 44% compared to the same period last year. Among them, the primary market sales soared by 314% year-on-year, while the secondary market grew by 21%.
Industry analysis indicates that this growth is closely related to Dubai's ongoing promotion of real estate tokenization. Scott Thiel, CEO of Tokinvest, stated that Dubai's active real estate market provides an ideal development environment for innovative technologies such as tokenization. Data shows that tokenization technology is reshaping the local real estate investment landscape by enhancing asset liquidity. [Original link]
