Dubai Pioneers Tokenized Real Estate | A New Era of Property Investment

The Dubai Land Department (DLD) has launched the pilot phase of the ‘Real Estate Tokenisation Project,’ a groundbreaking initiative that transforms property ownership. By implementing blockchain technology, the project aims to enable fractional ownership, making real estate investments more accessible.

Revolutionising Property Investment

With real estate tokenisation, properties are divided into digital tokens, allowing multiple investors to co-own a single asset. Unlike traditional crowdfunding, this model offers a structured approach to real estate investment, leveraging advanced digital solutions.

Dh60 Billion Market Potential

This initiative is expected to bolster Dubai’s reputation as a global virtual asset hub. The real estate tokenisation market is projected to reach Dh60 billion by 2033, accounting for seven percent of Dubai’s total property transactions.

Leadership’s Vision

Marwan Ahmed Bin Ghalita, Director General of the DLD, emphasized that tokenisation enhances property transactions, streamlining buying, selling, and investing. The pilot project’s outcomes will shape its full-scale implementation under the Real Estate Innovation Initiative, ‘REES.’

Collaboration with Key Institutions

The initiative is being developed in partnership with the Dubai Virtual Assets Regulatory Authority (VARA) and Dubai Future Foundation (DFF) through SandBox Real Estate.