D
ubai Land Department has launched the region's first tokenized real estate investment project, leveraging cutting-edge technologies to advance property investment. The initiative, implemented in partnership with Prypco and regulatory bodies, marks a significant milestone in Dubai's leadership in the real estate sector.

    The pilot phase of the project is now live on the digital platform mint.prypco.com, allowing UAE ID holders to invest in tokenized shares of prime real estate projects in Dubai. The minimum investment requirement starts at AED 2,000, with all transactions conducted exclusively in UAE Dirhams during this phase.

    This innovative investment opportunity provides individuals with comprehensive property details, ensuring transparency and informed decision-making. The project is expected to expand globally in the near future, further solidifying Dubai's position as a global hub for innovation in tokenized real estate.

    The initiative stems from a strategic partnership between Dubai Land Department, Prypco, and Ctrl Alt Solutions, aimed at developing a regulatory framework for real estate tokenization. This collaboration focuses on strengthening legislation, promoting knowledge, and attracting specialized asset tokenization companies to support innovation while safeguarding investor rights.

    As the market evolves, tokenized assets are projected to represent up to 7% of Dubai's real estate market by 2033, valued at AED 60 billion (USD 16 billion). Prypco Mint is poised to be a cornerstone in this transformation, positioning Dubai as the first city in the MENA region to adopt a licensed platform for real estate tokenization.