DUBAI: In a pioneering move that signals a new era in property investment, Dubai Land Department has unveiled the world’s first Property Token Ownership Certificate, marking a significant step forward in the emirate’s digital real estate strategy.
The announcement follows the successful launch of the first tokenised real estate project on the ‘Prypco Mint’ platform — a venture licensed by the Virtual Assets Regulatory Authority (VARA). The project sold out within a single day, drawing the attention of 224 investors from 44 countries. Notably, 70% of these participants were first-time investors in Dubai’s property market, showcasing the broad appeal and accessibility of tokenised property investment.
Each investor contributed an average of AED10,714, reflecting the platform’s ability to attract micro-investments and diversify investor profiles. The initiative aims to democratise real estate ownership through a secure, flexible and low-cost digital model.
Interest continues to rise, with over 6,000 individuals currently on the platform’s waitlist. This strong demand is a testament to Dubai’s reputation as a leader in real estate innovation and digital transformation.
The Property Token Ownership Certificate is part of a broader Real Estate Tokenization Initiative developed by the Dubai Land Department in collaboration with VARA, the Central Bank of the UAE, and the Dubai Future Foundation via the Real Estate Sandbox. It is being implemented through Prypco Mint.
This initiative aligns closely with the goals of the Dubai Real Estate Strategy 2033 and the Dubai Economic Agenda D33. It also seeks to improve transaction transparency and speed, and enable developers to list their projects directly on the platform — expanding opportunities for global investors and enhancing Dubai’s position in the smart economy landscape.
