Dubai tests tokenized real estate and thus opens doors for investments in retail properties

Dubai introduces the first regulated realization program for real estate in the Middle East and thus confirms his intention to take on a pioneering role in the tokenization of real assets in the region.

The project It enables residents of the United Arab Emirates to purchase a newly introduced platform called Prypco Mint Digital shares in local real estate at a price of only 2,000 dirham ($ 545).

The initiative is a common measure by the Dubai Land Department, the Central Bank and the Dubai Future Foundation. During the pilot phase, purchases are limited to transactions in dirham and owner of a UAE ID, but plans for a worldwide expansion are already in the works.

Supported by updated regulations of the Crypto supervisory authority Vara in Dubai, which now allows real estate tokens on secondary markets, the Dubais project reflects an ambitious goal of improving the liquidity and accessibility of its real estate sector.

This step takes place against the background of a regional increase in crypto activities. The number of app downloads has risen sharply in the VAE, and Dubai recently closed a partnership with Crypto.com to examine digital payments for public services.

The tokenization of real estate is gaining dynamics worldwide. Analysts forecast that the sector could grow to $ 19.4 billion by 2033, with Blockchain offers a way to fractionate ownership of traditionally illiquid assets. While some startups such as Real have taken on a pioneering role, others are faced with regulatory obstacles – something that Dubai tries to actively overcome with the support of the government and clear political framework.

Alexander has been working in the crypto industry for three years and has made a name for himself during this time through his active participation in observing the market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional obligation, but a deep personal passion. He follows the news from the industry every day, analyzes trends and is enthusiastic about every new step in the development of blockchain solutions. His enthusiasm drives him to constantly learn and share his knowledge because he sees the future in the digital financial world and its role in global transformation.