The Dubai Land Department (DLD) has introduced the inaugural Property Token Ownership Certificate under its Real Estate Tokenisation Initiative. This pioneering project attracted 224 investors, with 70% being first-time participants in Dubai’s property market.
The initiative aims to democratise real estate investment by enabling fractional ownership through blockchain-based tokens, thereby lowering entry barriers and enhancing market accessibility.
Launched as part of the Real Estate Innovation Initiative (REES), the project aligns with the Dubai Real Estate Sector Strategy 2033 and the Dubai Economic Agenda D33.
By converting property assets into digital tokens recorded on blockchain technology, the DLD seeks to simplify and enhance the processes of buying, selling, and investing in real estate.
The DLD anticipates that the real estate tokenisation sector could reach a market value of AED 60 billion by 2033, representing 7% of Dubai’s total real estate transactions.
To support this vision, the department organised a workshop on real estate tokenisation, bringing together leading proptech companies and global experts specialising in asset tokenisation. This collaborative effort underscores Dubai’s commitment to integrating advanced technologies into its property sector and fostering a more inclusive and transparent real estate market.
