Dubai authorities introduce digital real estate trading platform using tokens

Dubai authorities introduce digital real estate trading platform using tokens

In a groundbreaking move, Dubai's real estate market is set to undergo a digital transformation with the introduction of a property tokenization initiative. This innovative project aims to digitize property ownership by converting title deeds into blockchain-based tokens, paving the way for fractional ownership, increased liquidity, transparency, and global investor accessibility.

The Dubai Land Department (DLD) is spearheading this project, issuing the tokenized title deeds and officially registering properties on the blockchain to provide government-backed legitimacy and ensure secure ownership transfer.

Partnering with Ctrl Alt Solutions and Ripple, the DLD utilizes the XRP Ledger (XRPL) to mint and manage these digital property tokens, providing a fast, secure, and low-cost blockchain infrastructure for recording and transferring ownership. Ctrl Alt Solutions serves as the technology platform enabling issuance, custody, and management of tokens.

Prypco Mint, a licensed investment platform, facilitates trading and investment in these real estate tokens, allowing investors worldwide to buy fractional shares efficiently. The platform currently serves UAE ID holders exclusively, with plans to expand globally in future phases. Notably, all transactions during the pilot stage are conducted in UAE Dirhams rather than cryptocurrencies.

The Virtual Assets Regulatory Authority (VARA) oversees regulation of crypto-related activities, including digital property token transactions, ensuring legal compliance and investor protection within this emerging market. Meanwhile, the Central Bank of UAE regulates cryptocurrency use and facilitates transactions using crypto assets such as Bitcoin and Ether, supporting integration of crypto payments in property purchases.

This ecosystem, reducing barriers to entry, boosts market liquidity, and improves transparency by harnessing blockchain technology in Dubai’s real estate market. The initiative aligns with Dubai's Real Estate Sector Strategy 2033 and the Dubai Economic Agenda, both prioritizing digital solutions.

Dubai Land projects that tokenized assets could represent up to 7% of Dubai's real estate market by 2033, equivalent to AED 60 billion ($16 billion) in value. This move could revolutionize the way properties are bought, sold, and owned in Dubai, making it an attractive destination for global investors seeking a secure and transparent investment environment.

[1] The Qatar Financial Centre's head has proposed tokenizing Qatar high rises. [2] Dubai Land launched a blockchain-based mortgage registration system in 2019. [4] Ctrl Alt Solutions has integrated directly with Dubai to synchronize digital and traditional real estate ledgers. [3] Ctrl Alt Solutions, another partner, has tokenized over $295 million in assets across various sectors as of May 2025. [5] Ctrl Alt Solutions is also a participant in the UK's Digital Securities Sandbox, alongside trillion dollar asset manager SEI. [6] The Dubai Land Department's real estate tokenization platform serves UAE ID holders exclusively, with plans to expand globally in future phases. [7] Prypco, one of the partners, runs a popular Dubai real estate app. [8] The platform currently serves UAE ID holders exclusively, with plans to expand globally in future phases. [9] All transactions during this pilot stage are conducted in UAE Dirhams rather than cryptocurrencies. [10] The tokenization infrastructure utilizes the XRP Ledger blockchain. [11] The project is a strategic partnership between Dubai Land, Prypco, and Ctrl Alt Solutions. [12] Regulatory oversight for the project is provided by the Virtual Assets Regulatory Authority (VARA) and the Central Bank of the UAE.

1. The Qatar Financial Centre's head has proposed a property tokenization initiative similar to Dubai's, aiming to digitize Qatar high rises.
2. Back in 2019, Dubai Land Department launched a blockchain-based mortgage registration system for improved transparency and efficiency.
3. Ctrl Alt Solutions, a partner in the Dubai real estate tokenization project, has tokenized over $295 million in assets across various sectors as of May 2025.
4. Ctrl Alt Solutions, another partner in Dubai's project, has successfully integrated their digital platform directly with Dubai's traditional real estate ledgers for seamless synchronization.
5. The Dubai Land Department's blockchain-based real estate tokenization platform, operated by Prypco, currently serves UAE ID holders exclusively, with plans to expand globally in future phases.
6. Prypco, one of Dubai's partners in the real estate tokenization project, runs a popular Dubai real estate app, offering users enhanced access to property investments.
7. The project's tokenization infrastructure employs the XRP Ledger blockchain, provided by partner Ctrl Alt Solutions, ensuring fast, secure, and low-cost processes for recording and transferring property ownership.
8. In addition to Ctrl Alt Solutions, Dubai Land Department's strategic partnership includes Prypco for the trading and investment aspect of the tokenized real estate assets.
9. Regulatory oversight for the project is ensured by the Virtual Assets Regulatory Authority (VARA) and the Central Bank of the UAE, guaranteeing legal compliance and investor protection.

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