In a groundbreaking development that reaffirms Dubai’s leadership in real estate innovation, the Dubai Land Department has officially issued the world’s first property token ownership certificate. This milestone was reached following the swift sell-out of the inaugural tokenized real estate project on the Prypco Mint platform licensed by the Virtual Assets Regulatory Authority, which was fully subscribed within just 24 hours of its launch.
The inaugural project launched under the Real Estate Tokenization Initiative drew participation from 224 investors, 70 percent of whom were entering Dubai’s real estate market for the first time. With representation from 44 nationalities and an average individual investment of AED 10,714, the strong response highlights growing investor confidence and a clear move toward more accessible, digitally enabled property ownership models.
This initiative distinguishes itself by removing conventional barriers to real estate investment. Through fractional ownership starting at just AED 2,000, the Prypco Mint platform offers an entry point into one of the world’s most vibrant property markets. Although currently available exclusively to Emirates ID holders, there are plans to extend access to international investors an expansion that will further strengthen Dubai’s position as a global leader in blockchain-driven real estate innovation.
The project has gained substantial traction, evidenced by a waitlist exceeding 6,000 prospective investors. This heightened interest reflects a rising demand for affordable, flexible investment solutions that combine the reliability of blockchain technology with the enduring value of real estate.
Developed in partnership with the Virtual Assets Regulatory Authority, the Central Bank of the UAE, and the Dubai Future Foundation through the Real Estate Sandbox, this initiative is closely aligned with the strategic goals outlined in the Dubai Real Estate Strategy 2033 and the Dubai Economic Agenda D33.
These long-term frameworks emphasize transparency, operational efficiency, and inclusive growth objectives now being advanced through the adoption of state-of-the-art digital infrastructure.
Take the Next Step
The Dubai Land Department is progressing towards allowing real estate developers to list their projects on the Prypco Mint platform. This advancement will expand the initiative’s reach and create broader investment opportunities for both local and international investors.
As Dubai pushes the limits of property investment innovation, the effective introduction of property tokenization provides a model for other cities around the world aiming to transform their real estate sectors.
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