Dubai Enables Secondary Market for Tokenized Real Estate
What happened
The Dubai Land Department is launching Phase II of its Real Estate Tokenization Project, which enables secondary-market resales of tokenized property. The initiative is viewed as a key regulatory milestone for the real-world asset (RWA) sector. By creating a regulated secondary market, the project aims to increase liquidity and attract more investors to the asset class.
Why it matters
- The project utilizes the XRP Ledger for issuing ownership tokens, with Ctrl Alt serving as the tokenization infrastructure partner and Ripple Custody securing the on-chain assets. - Phase II makes approximately 7.8 million real estate tokens available for trading on the secondary market, which launched on February 20, 2026. - The initiative is a collaboration between the Dubai Land Department (DLD), the Virtual Assets Regulatory Authority (VARA), the UAE Central Bank, and the Dubai Future Foundation. - The platform, Prypco Mint, allows for a minimum investment of AED 2,000 (approximately $545), and all transactions in the pilot phase are processed in UAE Dirhams, not cryptocurrencies. - Dubai's government projects that the tokenized real estate market could be worth AED 60 billion ($16 billion) by 2033, accounting for about 7% of the city's total property transactions. - The initial pilot phase, which focused on the regulatory and technical foundations for tokenizing property directly on title deeds, began in March under the REES Real Estate Innovation Initiative. - During the pilot phase, some properties sold out in under two minutes, attracting investors from over 50 nationalities. - This tokenization project is a key component of Dubai's broader economic goals, including the Dubai Real Estate Sector Strategy 2033 and the UAE Vision 2071.
Key numbers
- Phase II makes approximately 7.8 million real estate tokens available for trading on the secondary market, which launched on February 20, 2026.
- The platform, Prypco Mint, allows for a minimum investment of AED 2,000 (approximately $545), and all transactions in the pilot phase are processed in UAE Dirhams, not cryptocurrencies.
- Dubai's government projects that the tokenized real estate market could be worth AED 60 billion ($16 billion) by 2033, accounting for about 7% of the city's total property transactions.
- During the pilot phase, some properties sold out in under two minutes, attracting investors from over 50 nationalities.
What happens next
- Dubai's government projects that the tokenized real estate market could be worth AED 60 billion ($16 billion) by 2033, accounting for about 7% of the city's total property transactions.
- By creating a regulated secondary market, the project aims to increase liquidity and attract more investors to the asset class.
Quick answers
What happened in Dubai Enables Secondary Market for Tokenized Real Estate?
The Dubai Land Department is launching Phase II of its Real Estate Tokenization Project, which enables secondary-market resales of tokenized property. The initiative is viewed as a key regulatory milestone for the real-world asset (RWA) sector. By creating a regulated secondary market, the project aims to increase liquidity and attract more investors to the asset class.
Why does Dubai Enables Secondary Market for Tokenized Real Estate matter?
The project utilizes the XRP Ledger for issuing ownership tokens, with Ctrl Alt serving as the tokenization infrastructure partner and Ripple Custody securing the on-chain assets. Phase II makes approximately 7.8 million real estate tokens available for trading on the secondary market, which launched on February 20, 2026. The initiative is a collaboration between the Dubai Land Department (DLD), the Virtual Assets Regulatory Authority (VARA), the UAE Central Bank, and the Dubai Future Foundation. The platform, Prypco Mint, allows for a minimum investment of AED 2,000 (approximately $545), and all transactions in the pilot phase are processed in UAE Dirhams, not cryptocurrencies. Dubai's government projects that the tokenized real estate market could be worth AED 60 billion ($16 billion) by 2033, accounting for about 7% of the city's total property transactions. The initial pilot phase, which focused on the regulatory and technical foundations for tokenizing property directly on title deeds, began in March under the REES Real Estate Innovation Initiative. During the pilot phase, some properties sold out in under two minutes, attracting investors from over 50 nationalities. This tokenization project is a key component of Dubai's broader economic goals, including the Dubai Real Estate Sector Strategy 2033 and the UAE Vision 2071.
