Dubai Embraces Tokenized Real Estate in MENA First Victor | amznusa.com

Backed by the Dubai Land Department, Central Bank of the UAE, and Dubai Future Foundation, the project supports tokenized assets. It lets individual investors buy shares in real-world properties.

For a city that’s already a rising crypto hub, this marks a pivotal moment for tokenized real estate. The innovation could unlock broader access to real estate and attract a new wave of global investors.

How It Works: Small Investments, Big Potential

Through a new platform called Prypco Mint, users can invest in “ready-to-own” properties starting from just 2,000 Emirati dirhams (about $545). During the pilot phase, all transactions will be settled in AED (dirham), and only UAE residents with a national ID can participate. However, the government has confirmed plans for international access in the future.

Zand Digital Bank will oversee financial services for the pilot. Importantly, Dubai’s Virtual Assets Regulatory Authority (VARA) recently updated its policies to allow RWA tokens to be traded on secondary markets. This will set the legal groundwork for this project and others to follow.

This initiative builds on an earlier agreement between VARA and the Dubai Land Department to link the real estate registry with tokenized assets, making ownership more fluid and transactions faster and more transparent.

Real-World Trend: Tokenizing the Property Market

Tokenization turns real estate into fractional digital shares, making it easier for retail investors to participate in markets once limited to high-net-worth buyers. It also boosts liquidity in an otherwise slow-moving sector. Analysts predict the global real estate tokenization market could hit $19.4 billion by 2033, with an annual growth rate of 21%, according to Custom Market Insights. That includes residential, commercial, and industrial real estate.

While early players like RealT and Metlabs have made strides, others have hit regulatory roadblocks. Dubai’s approach—working directly with banks, regulators, and tech platforms—could offer a model for smoother adoption.

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This articles is written by : Fady Askharoun Samy Askharoun

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