Based on materials from the site - By ETHNews
Dubai has taken a bold step towards transforming its real estate market by partnering with the global digital asset platform Crypto.com for the tokenization of real estate. On July 7, 2025, the Dubai Land Department (DLD) signed a Memorandum of Cooperation with Crypto.com to create a blockchain-based framework for property ownership, digital transactions, and tokenized assets.
This initiative aligns with Dubai's Real Estate Strategy 2033 and Dubai's Economic Agenda D33, aimed at positioning the city as a global economic leader. The goal is to make real estate investments more accessible, transparent, and efficient while contributing to Dubai's ambitious target of 1 trillion UAE dirhams in real estate transaction volume over the next decade.
Tokenization of real estate and crypto payments
The partnership enables the tokenization and fractionalization of real estate assets, meaning property ownership can be divided into digital tokens. These tokens allow investors — both retail and institutional — to purchase fractional ownership shares without relying on traditional intermediaries.
Property ownership is registered and securely transferred on the blockchain, significantly reducing transaction friction and enhancing transparency.
The main features of the agreement include:
Tokenized real estate lists allowing for fractional ownership
Secure digital storage and identity verification of investors
Cryptocurrency payments for real estate purchases, convertible to UAE dirhams
Cryptocurrency payments for government services related to real estate
Crypto.com will serve as the technical foundation of the project, providing infrastructure for token issuance, blockchain-based payments, transaction processing, and analytics. DLD will maintain regulatory oversight and ensure compliance with legal norms.
Development of blockchain initiatives in Dubai
This partnership builds on DLD's previous success with PRYPCO, which launched Prypco Mint — the first tokenized real estate platform in the MENA region under regulatory supervision. This pilot program demonstrated the feasibility of tokenized real estate with two successfully placed assets and now lays the groundwork for broader adoption.
By integrating blockchain and crypto payments into the real estate sector, Dubai is setting new global standards for smart city innovations. The benefits have far-reaching implications: lower costs, reduced fraud, faster transactions, and improved access for investors to traditionally exclusive markets.
This is the first instance where a real estate registration authority in the Middle East has committed to full-scale tokenization and crypto integration. This reflects Dubai's commitment to progressive regulatory policies and its readiness to lead in new technologies.
As global real estate markets begin to adopt digital transformation, Dubai's model, combining government guidance and cutting-edge technology from partners like Crypto.com, offers a roadmap for how cities can modernize real estate investment and ownership in the digital age.
$XRP, $BNB, $SOL
#Cryptomarketnews
With us (in this group!), those (subscribers!) usually stay who are in search of fresh and relevant news, do not want to browse dozens of different sites and news publications, but can afford to read all the most interesting news in one news feed!!! 😉
Enjoy your viewing!!! 😊
