Dubai Launches Tokenized Real Estate Investment Platform

The Dubai Land Department (DLD) has announced the launch of Prypco Mint, the first property tokenization platform in the region. This new digital solution aims to simplify real estate investments and make the housing market more accessible to individual investors. In its initial phase, the platform is available exclusively to UAE residents, according to Khaleej Times.

The Region’s First Property Tokenization Initiative

Prypco Mint was developed in cooperation with the Virtual Assets Regulatory Authority (VARA), the UAE Central Bank, the Dubai Future Foundation, and Prypco. Financial operations are supported by Zand Digital Bank, which serves as the payment partner.

Currently, only UAE residents with Emirates IDs can access the platform, but plans are underway to expand it to international users. The platform offers detailed information on properties, including pricing, risks, and technical specifications.

The minimum investment threshold is AED 2,000 (approximately $545).

Investments are made in UAE dirhams; cryptocurrencies are not used.

Only ready-to-sell properties are eligible for tokenization, and transactions are processed exclusively through VARA-licensed companies. Currently, Prypco and Ctrl Alt are participating in the pilot phase.

Security and Transparency at the Core

To ensure transaction transparency, funds are held in special Client Money Accounts (CMA), linked directly to the tokenized purchase. Payments are released only after the full transaction process is completed. Property ownership is officially registered with DLD, while investors receive returns through rental income and capital appreciation.

Tokenization provides an alternative to traditional real estate investment, allowing individuals to access a segment previously dominated by institutional investors and high-net-worth buyers.

According to project estimates, tokenized assets could represent 7% of Dubai’s real estate market by 2033, equivalent to AED 60 billion (approximately $16.3 billion). Prypco Mint is positioned as a foundation for this growing sector.

A Broader Push for Tokenization in Dubai

The platform launch is part of a wider initiative to implement tokenization technology across the real estate sector. In March 2025, DLD launched a pilot project using tokens in property title registration. Industry leaders have largely supported these reforms.

According to Muhammad BinGhatti, Chairman of Binghatti Holding:

“This initiative opens the real estate market to a broader base of retail investors who previously had limited access beyond stock markets and bonds. Tokenization brings real estate closer to the structure of financial markets.”

Prypco Mint’s debut comes as digital investment products attract growing interest from a new class of individual investors seeking accessible, transparent, and real-asset-backed options.

Luxury Real Estate Boom Continues

Simultaneously, Dubai’s luxury real estate segment remains highly active. According to Knight Frank, the average budget for global high-net-worth individuals (HNWIs) purchasing property in Dubai in 2025 is around $32 million (AED 117.5 million). Over 50% of buyers with wealth exceeding $50 million are ready to spend more than $80 million. Around 150 properties in Dubai are currently listed at prices above AED 100 million, with strong demand for both villas and apartments.

Data also shows a growing number of buyers acquiring property for personal use. Knight Frank reports that 55% of global HNWIs consider Dubai for second-home ownership rather than purely for investment. Buyers from Saudi Arabia, India, and the United Kingdom account for over half of these transactions.

Additionally, 83% of HNWIs expressed interest in purchasing land for building custom homes — a sign of market maturity and confidence in Dubai’s regulatory and financial systems. The tokenization platform is seen as another step toward democratizing real estate investment.

Market Cooling Signs and Future Risks

However, experts caution that Dubai’s property market may face potential slowdowns. According to Bloomberg, housing prices rose 16% in 2024, compared to 20% in 2023 — signaling possible market cooling after a 70% surge since 2020. External economic pressures such as falling oil prices and trade tensions with the U.S. could impact foreign investor demand.

More than 60% of current transactions involve off-plan (under-construction) properties, which, according to Fitch, could lead to a 10–15% price correction in the coming years.

Stability Factors Remain

Nonetheless, analysts highlight key stabilizing factors: a weaker dollar, robust UAE macroeconomics, and long-term visa programs continue to support Dubai’s appeal. The new tokenization platform may serve as a tool to diversify market demand and help balance any potential future volatility.