Dubai clocks nearly $400M in tokenized real estate sales
Dubai’s real estate market hit almost $400 million in tokenized property sales amid major institutional moves, including RWA inclusion in VARA guidelines and the launch of a government-backed RWA platform by the DLD.
Dubai’s real estate market recorded over $399 million in tokenized property sales in May, accounting for 17.4% of total transactions. The milestone came amid a broader real estate boom, with total property sales reaching 66.8 billion dirhams (approximately $18.2 billion) across 18,700 transactions, according to figures reported by Cointelegraph.
