Dubai’s second tokenised real estate project, offered via the PRYPCO Mint platform, sold out in just one minute and 58 seconds. The rapid transaction reflects soaring interest in blockchain-enabled, fractional property ownership. According to the Dubai Land Department (DLD), the sale set a new benchmark in the city’s digital real estate sector.
The listing attracted 149 investors from 35 countries, highlighting the city’s rising profile as a hub for innovative, tech-driven property opportunities. The demand has grown so sharply that over 10,700 potential investors are now on the platform’s waitlist.
Affordable Access to Prime Real Estate
The tokenised offering allowed investors to acquire shares starting from AED2,000 ($545). This project featured a one-bedroom apartment in Kensington Waters, located in Mohammed Bin Rashid City. Valued at AED1.875 million ($510,500), the property was offered at a discounted rate of AED1.5 million ($408,000). As a result, investors benefited from immediate equity and enhanced value.
Through PRYPCO Mint, buyers can quickly and securely purchase fractional ownership in ready properties. The digital-first process eliminates traditional entry barriers and streamlines the investment journey.
Dubai’s Vision for Real Estate Innovation
This initiative is part of the DLD’s broader Property Tokenisation Initiative, which aims to transform the real estate investment landscape. By combining regulatory clarity with cutting-edge technology, Dubai is paving the way for a new era in property ownership.
Moreover, the success of the latest offering signals strong investor confidence in Dubai’s long-term strategy. As interest in tokenised assets continues to grow, the city is expected to remain at the forefront of global real estate innovation.
