Dubai’s Tokenized Real Estate Project Aims to Globalize Property Investment

Dubai’s newly launched tokenized real estate project, the first licensed initiative of its kind in MENA, is set to transform the emirate’s property market into a globally accessible asset class.

With backing from the DLD, VARA, and the UAE Central Bank, the project enables fractional ownership starting at AED 2,000 ($545), traded on the Prypco Mint platform.

The dirham-only pilot phase (currently for UAE residents) follows VARA’s regulatory update permitting secondary market trading of RWAs.

Zand Digital Bank will facilitate transactions, with plans to eventually include international investors—potentially unlocking billions in liquidity for Dubai’s real estate sector.

First announced in March, the project underscores Dubai’s ambition to merge traditional finance with cutting-edge blockchain adoption.