https://www.vara.ae/en/regulations/regulatory-notices/vara-consumer-and-marketplace-alert-misrepresentation-of-participation-in-the-dld-real-estate-tokenisation-project/

The Virtual Assets Regulatory Authority (VARA) and the Land Department (DLD) of Dubai warned against the unauthorized promotion of the 'Real Estate Tokenization Project' pilot.

Entities not approved by both agencies face fines and market bans for illegal activities involving virtual assets.

The initiative could represent 7% of all real estate transactions, worth $16 billion, by 2033.
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