Dubai launches a Tokenised Real Estate Investment Platform
Pilot by Dubai Land Dept lets you invest from Dh2,000; crypto not allowed in trial phase.
The Dubai Land Department (DLD) has launched what it says is the Middle East region’s first tokenised real estate investment platform, called ‘Prypco Mint’. The pilot project, which enables individuals to invest in property starting from Dh2,000, is currently available only to UAE residents holding a valid Emirates ID.
The initiative is being implemented in partnership with Prypco and Ctrl Alt, and is supported by the Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE, and the Dubai Future Foundation. Zand Digital Bank has been appointed as the banking partner for the pilot phase.
Safeguard investor interests
Investor funds are held in regulated accounts overseen by DLD, VARA, and the Central Bank. Money is placed in a dedicated Client Money Account (CMA) structure and released only after the investment transaction is fully completed, as part of a process designed to safeguard investor interests.
According to the DLD, property listings on the platform must go through a regulatory review to verify pricing fairness. The pilot includes two approved companies—Prypco and Ctrl Alt—with plans to open up to more licensed firms in later phases.
Investors using the platform are expected to receive returns from both rental income and the future value appreciation of the properties, while holding a legally registered share of ownership under DLD oversight.
The DLD has said it expects tokenized assets could represent up to 7% of Dubai’s property market by 2033—an estimated Dh60 billion.
While the platform is currently limited to UAE residents, global expansion and support for additional platforms are planned for future phases, according to the announcement.
Broaden property ownership
In March, Dubai rolled out the first phase of its real estate tokenisation project, a move aimed at broadening property ownership by letting multiple investors co-own a single property through digital tokens. The initiative promotes innovation in real estate investment while boosting awareness of virtual asset services and drawing global virtual asset companies to set up in the city. Crucially, it’s backed by a regulatory framework designed to protect investors and stakeholders.
So how does it work? Real estate tokenisation turns physical properties into digital tokens using blockchain technology. These tokens represent fractional shares of a property, making it possible for individuals to invest in real estate based on their budget—without needing to buy an entire property. This opens the market to smaller investors and first-timers.
Unlike traditional crowdfunding models, which also allow small-scale real estate investments, tokenisation offers a more regulated, transparent, and technology-driven approach to owning real estate.
Further reading:
Tokenized real estate allows users to buy fractional ownership in ready-to-own Dubai properties through a digital platform—mint.prypco.com. During the pilot, transactions are conducted solely in UAE Dirhams, with no cryptocurrency payments permitted at this stage.
