The Dubai Land Department launches the first government-backed property deed tokenization project in the Middle East on XRP Ledger. The initiative enables global fractional ownership and aligns with Dubai's digital transformation drive. Full regulatory backing ensures transparency, speed, and broad access for real estate investors.
The Dubai Land Department (DLD) has launched the first government-backed property deed tokenization project in the Middle East, using XRP Ledger to maximize transparency. For the first time, fractional digital ownership of real estate is available to investors worldwide, supported by Dubai's push for blockchain-based property agreements.
Developed in collaboration with Ctrl Alt, this initiative is integrating blockchain technology into Dubai's land registry system. The project introduces new investment opportunities with significantly lower barriers to entry and strong regulatory support, marking a milestone for digital assets in real estate.
Dubai is positioning itself at the forefront of digital innovation in real estate. By partnering with Ctrl Alt, the Dubai Land Department (DLD) enables real estate ownership to be fully digital.
As a result, investors can buy fractions of real estate for as little as AED 2,000 (approximately 544 dollars) through the PRYPCO Mint platform, making Dubai's real estate more accessible worldwide.
Looking towards the future, Dubai anticipates that the value of tokenized property will reach AED 60 billion (around 16 billion dollars) by 2033, representing 7% of total real estate transactions.
The active participation of the DLD ensures strict regulatory oversight, attracting both international buyers and institutions. Unlike previous attempts at blockchain in real estate, Dubai's strategy emphasizes compliance and credibility.
With deed records aligned with blockchain, investors always know what they are acquiring. Regulators, in turn, maintain direct oversight from day one.
At its core, this project is based on the public XRP Ledger, known for its performance and decentralized security. XRPL hosts hundreds of nodes and validators, providing transparent and immutable property records for each transaction.
“Dubai continues to lead in digital innovation! The Dubai Land Department partners with Ctrl Alt to launch the Real Estate Tokenization Project, selecting the XRP Ledger as the blockchain of choice. The future of property is on the blockchain,” said a user on X.
Each transaction is validated in a decentralized system, giving buyers direct insight into ownership histories and the legitimacy of assets. The use of the XRP Ledger allows for near real-time settlement, a significant improvement over traditional property transfers that often take days or weeks.
