Dubai Pilots Middle East’s First Regulated Tokenized Real Estate Program

Dubai is spearheading the Middle East’s inaugural regulated tokenized property initiative, positioning itself as a regional leader in real-world asset digitization. The program allows UAE residents to purchase fractional ownership of local properties through digital tokens, with entry points as low as 2,000 dirhams ($545) via the newly introduced Prypco Mint platform.

This landmark project emerges from collaboration between Dubai’s Land Department, Central Bank, and Future Foundation. While currently restricted to dirham-denominated transactions and UAE ID holders, authorities are already laying groundwork for international expansion.

The initiative gains structural support from updated regulations by Dubai’s VIRTUAL Assets Regulatory Authority (VARA), which now permits secondary market trading of real estate tokens. This strategic move aligns with Dubai’s broader vision to enhance market liquidity and democratize access to its lucrative property sector.