Dubai has just taken a major leap into the future of real estate by launching the region’s first tokenised property investment platform, allowing everyday investors to own a share of Dubai’s booming real estate market, with prices starting from as little as Dh2,000.
The new project, rolled out by the Dubai Land Department (DLD) through the ‘Prypco Mint’ platform, marks a bold move toward digitising the property sector and making investment more accessible to the public.
Property Investment, But Smarter
In a first for the region, the pilot phase allows UAE ID cardholders to buy fractional shares in ready-to-own properties. All transactions are done in UAE Dirhams, with no crypto involvement during this trial stage, making the process familiar and secure for local investors.
The digital platform is designed to be fully transparent, offering complete property details and a secure transaction process. Think of it like browsing your favourite e-commerce site – but instead of shoes, you’re buying a slice of a Dubai apartment.
Big Names Behind the Scenes
This ground-breaking initiative is the result of a joint effort between Prypco, the Virtual Assets Regulatory Authority (VARA), the Central Bank, and the Dubai Future Foundation. Digital-only Zand Bank is the official banking partner, holding investor funds safely in escrow until the purchase is completed.
What’s the Big Deal?
This is more than just a new app, it’s part of Dubai’s Economic Agenda D33, a visionary plan to cement the city’s position as a global hub for smart real estate and digital finance.
Experts predict that tokenised property assets could make up 7% of Dubai’s real estate market by 2033, valued at a whopping Dh60 billion.