The Dubai Land Department (DLD) has launched the region’s first tokenized real estate investment project via the Prypco Mint platform, in a landmark step toward redefining property investment in the Middle East.
The initiative, developed in collaboration with Prypco, VARA, the Central Bank of the UAE, and the Dubai Future Foundation, marks the beginning of a digitally integrated property investment era, with Zand Digital Bank onboard as the banking partner for the pilot phase.
The launch enables UAE ID holders to invest in fractional shares of ready-to-own real estate in Dubai for as little as AED 2,000, with all transactions conducted in local currency.
The platform, currently live at mint.prypco.com, offers full property details including pricing, risks, and specifications, ensuring transparency and investor clarity. International expansion is planned for subsequent phases.
Dubai’s real estate tokenization framework is regulated jointly by DLD for physical assets and the Virtual Assets Regulatory Authority (VARA) for digital components.
This dual oversight provides a comprehensive legal and operational structure for asset-backed digital investments. Tokenization is only permitted through licensed firms, with Prypco and Ctrl Alt Solutions authorized for the initial rollout.
The DLD also validates property pricing before listings are approved, further strengthening investor protections.
A Client Money Account (CMA) system overseen by the Central Bank safeguards investor funds by ensuring they are only released upon full transaction completion.
Investors receive legally recognized ownership shares and are entitled to both rental income and capital appreciation, removing the administrative burden of direct property management.
The initiative aligns with Dubai’s Real Estate Sector Strategy 2033 and Dubai Economic Agenda D33, both of which aim to establish the city as a global hub for smart real estate investment.
By 2033, tokenized assets are projected to comprise up to 7% of Dubai’s real estate market, valued at AED 60 billion (USD 16 billion).
As part of DLD’s broader Real Estate Evolution Space Initiative (REES), the project reflects Dubai’s ambition to lead in PropTech and AI adoption.
The move is expected to attract tech talent, boost innovation, and support a new class of investors entering the property market through secure, low-entry, and digitally-native financial instruments.