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Dubai’s VARA Warns of Unauthorized Entities in Real Estate Tokenization Project
Dubai’s VARA Warns of Unauthorized Entities in Real Estate Tokenization Project
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Dubai’s Virtual Assets Regulatory Authority (VARA) has issued a public alert regarding unauthorized entities falsely claiming participation in the Dubai Land Department’s (DLD) Real Estate Tokenization Project. The initiative, launched on March 19, is limited to pre-approved participants vetted by both DLD and VARA.
Misleading promotions by unapproved platforms targeting Dubai investors may breach VARA’s marketing regulations. The regulator cautioned that such entities could be operating unlicensed virtual asset activities, raising compliance and investor protection concerns.
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