Dubai Launches Real Estate Tokenization Project

The Dubai Land Department (DLD) has launched a real estate tokenization pilot program, marking a first for property registration authorities in the Middle East to use blockchain for property title deeds.

This initiative was developed in collaboration with the Virtual Assets Regulatory Authority (VARA) and Dubai Future Foundation (DFF).

The project aligns with Dubai’s 2033 real estate strategy and broader efforts to cement its status as a global technology hub. The department anticipates that tokenized real estate could represent 7% of the city’s total property transactions, amounting to 60 billion dirhams ($16 billion) by 2033.

Dubai’s move towards real estate tokenization is part of a wider trend of integrating blockchain into traditional markets, bringing real-world assets like bonds, funds, and credit onto crypto platforms.