Dubai Leads Global Real Estate Innovation with World’s First Tokenised Property Ownership Certificate
In a groundbreaking development for the real estate and blockchain sectors, Dubai has once again solidified its position as a global pioneer. The Dubai Land Department (DLD) has launched the world’s first Property Token Ownership Certificate, marking a transformative step in property investment. This launch follows the successful sale of Dubai’s first tokenised real estate project on the ‘Prypco Mint’ platform — a platform officially licensed by the Virtual Assets Regulatory Authority (VARA) — within just 24 hours of its debut.
A Global First in Real Estate Tokenisation
The launch of the Property Token Ownership Certificate is a revolutionary move that modernises how property is owned and transacted. This digital certificate provides legal recognition of ownership in tokenised real estate assets, making real estate investment more accessible, efficient, and transparent.
Dubai’s first tokenised project, executed through the Prypco Mint platform, was met with overwhelming demand, selling out on its first day. This swift sell-out is a testament to the market’s readiness for blockchain-based real estate models and Dubai’s appeal as an investment destination.
Record-Breaking Participation and Diversity
The initial tokenised offering drew 224 investors, with 70% of them investing in Dubai’s property market for the very first time. This highlights the immense potential of tokenisation to open the doors of real estate to a wider pool of global investors.
Investors hailed from 44 different nationalities, further confirming Dubai’s status as an international investment hub. The average individual investment was AED 10,714 (approximately $2,917) — an accessible entry point compared to traditional real estate transactions. This demonstrates how tokenisation lowers the financial barriers to property ownership and creates new pathways for investors of all sizes.
High Demand and Growing Interest
The success of this first project has sparked considerable interest in the marketplace. Over 6,000 investors are currently waitlisted for future tokenised real estate offerings, signaling sustained demand for this innovative model.
The response underscores the attractiveness of fractional ownership, flexible investment models, and the credibility of government-backed digital initiatives. These features cater to both seasoned investors and newcomers seeking exposure to Dubai’s lucrative property market.
Collaboration and Strategic Vision
The Real Estate Tokenisation Initiative is a result of close collaboration between the Dubai Land Department, VARA, the Central Bank of the UAE, and the Dubai Future Foundation (DFF), executed under the Real Estate Sandbox programme. The platform through which this initiative operates, Prypco Mint, is the region’s first of its kind and is a vital step towards a more inclusive, digitised real estate sector.
This initiative is not just a milestone in real estate but also supports broader economic goals. It aligns with the Dubai Real Estate Strategy 2033 and the Dubai Economic Agenda D33, both of which aim to position Dubai as a global leader in technology-driven economic sectors.
The Road Ahead: Developer Participation and Expansion
With the first success firmly in place, the Dubai Land Department is now working to enable real estate developers to list their own projects on the Prypco Mint platform. This expansion will allow a greater number of properties to be tokenised, enhancing the variety and volume of investment opportunities available.
By widening the scope of tokenised offerings, Dubai aims to further democratise property ownership, reduce transaction times, increase transparency, and attract more foreign capital into the city’s ever-thriving property market.
Conclusion
Dubai’s move to launch the world’s first Property Token Ownership Certificate marks a new era in real estate investment. By combining blockchain technology, government support, and strategic economic planning, the city is setting the standard for future-ready real estate markets. As demand continues to grow and more developers join the platform, Dubai stands poised to lead the global shift toward tokenised property ownership.
