Dubai Launches First Tokenized Real Estate Investment Platform in the Middle East

Gulf News – June 10, 2025

By Justin Varghese – Your Money Editor

Dubai Launches First Tokenized Real Estate Investment Platform in the Middle East

The Dubai Land Department (DLD) has officially launched the first tokenized real estate investment platform in the Middle East: Prypco Mint. This groundbreaking pilot initiative allows individuals to invest in Dubai real estate from as little as AED 2,000 via a secure digital platform. The service is currently limited to UAE residents holding a valid Emirates ID.

The platform was developed in collaboration with Prypco and Ctrl Alt, and is backed by major regulatory and innovation bodies including the Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE, and the Dubai Future Foundation. Zand Digital Bank serves as the official banking partner during the pilot phase.

Through mint.prypco.com, users can purchase fractional ownership in ready-to-move-in properties in Dubai. This enables investors to buy real estate shares rather than entire units, offering a cost-effective and accessible way to enter the Dubai property market. During the pilot, all transactions will be conducted in UAE dirhams (AED) — cryptocurrency payments are not yet permitted.

With the launch of Prypco Mint, Dubai reaffirms its leadership in real estate innovation and digital assets. Tokenized real estate enhances transparency, lowers the barrier to entry, and increases accessibility for a broader range of investors — supporting Dubai’s long-term vision for a future-ready and inclusive property market.

How Does Tokenization Work?

Real estate tokenization involves converting physical property into digital tokens using blockchain technology. These tokens represent fractional shares of a property, enabling individuals to invest based on their budget — without the need to buy an entire unit. This model opens the door to first-time investors, young professionals, and those seeking diversified exposure to the Dubai market.

Unlike traditional real estate crowdfunding models, tokenization offers a more regulated, transparent, and tech-driven approach to property ownership.

The first available project under the Prypco Mint platform is Kensington Waters — a premium residential development in Dubai, known for its high-quality finishes and modern amenities.

Amira Sajwani, CEO and founder of PRYPCO, described the strong investor response as a clear sign that "investors are ready for a smarter, more accessible way to invest in real estate." She added that the second project continues the company’s mission to "break down traditional barriers and deliver high-quality opportunities to a broader, more diverse audience."

Looking Ahead

As Dubai continues to position itself as a global hub for digitally enabled real estate innovation, the Property Tokenization Initiative led by the Dubai Land Department (DLD) is expected to play a pivotal role in reshaping property investment models.

Officials have indicated that by 2033, tokenized assets could become a mainstream component of Dubai’s real estate market.

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Dubai is leading the future of real estate — will you be part of it?