Dubai’s Property Market Goes Blockchain: $400M in Tokenized Real Estate Flips Hands

Skyscrapers meet smart contracts—Dubai’s real estate just got a crypto facelift. Nearly $400 million worth of property sales now live on-chain, proving even bricks-and-mortar can’t escape the tokenization wave.

Who needs deeds when you’ve got digital tokens? Traditionalists scoff, but the numbers don’t lie. The emirate’s luxury market—always a playground for the rich—just found a new toy for speculative capital.

Regulators? Playing catch-up, as usual. Meanwhile, blockchain slices through paperwork like a hot knife through desert sand. The future of real estate? Looks like it’s written in code—and funded by crypto whales.

The sales milestone comes on the heels of major regulatory and institutional developments aimed at advancing real estate tokenization in Dubai. On May 19, the VIRTUAL Asset Regulatory Authority, the city’s crypto regulator, updated its guidelines to formally include real-world asset tokenization.

Additionally, on May 25, the Dubai Land Department, in collaboration with the Central Bank of the UAE and the Dubai Future Foundation, launched a regional tokenized real estate platform that enables investors to purchase fractional ownership in secondary-market properties.