🇦🇪 𝗗𝘂𝗯𝗮𝗶 𝗦𝘁𝗮𝗿𝘁𝘀 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗧𝗼𝗸𝗲𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗣𝗶𝗹𝗼𝘁, 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁𝘀 $𝟭𝟲𝗕 𝗠𝗮𝗿𝗸𝗲𝘁 𝗯𝘆 𝟮𝟬𝟯𝟯
➡️ Dubai Land Department (DLD) began a pilot for real estate tokenization, using blockchain technology for property title deeds
➡️ The Virtual Assets Regulatory Authority also contributed to develop the initiative
➡️ Tokenized real estate could account for 7% of the city's total property transactions, worth some 60 billion dirhams ($16 billion) by 2033, DLD projected