Dubai Launches Phase II Real Estate Tokenisation
Dubai Land Department has launched Phase II of its Real Estate Tokenisation Project, activating resale activity in the secondary market from 20 February. Through this step, the initiative moves beyond pilot testing and into a more advanced operational stage. As a result, Dubai strengthens market readiness for technology-driven real estate models within a regulated framework.
This phase follows the pilot launched in March under the REES Real Estate Innovation Initiative, developed in collaboration with Virtual Assets Regulatory Authority and strategic partners. During the pilot, regulators tested legislative, technical, and operational foundations for tokenising property title deeds. Consequently, Dubai became the first real estate registration authority in the region to adopt this model under formal regulation.
Secondary market activation and controlled expansion
Phase II focuses on enabling resale activity for approximately 7.8 million real estate tokens. At the same time, the controlled pilot framework evaluates market efficiency, operational readiness, and transaction integrity. Moreover, the phase prioritizes transparency, governance, and investor protection.
Meanwhile, DLD is implementing a gradual rollout based on real-world performance data. Therefore, each step aligns closely with regulatory authorities before broader expansion. In addition, this approach supports evidence-based decisions while reinforcing confidence among both local and international investors.
Alignment with Dubai’s long-term real estate strategy
The Real Estate Tokenisation Project supports the Dubai Real Estate Sector Strategy 2033, which emphasizes market balance, transparency, technology adoption, and a more integrated investor experience. As a result, the initiative contributes to increasing the sector’s share of Dubai’s GDP while strengthening the emirate’s global investment profile.
Furthermore, the project aligns with UAE Vision 2071, which targets sustainable economic growth and global leadership. At the same time, it supports the Dubai Urban Plan 2040 by promoting smart urban models, improving land-use efficiency, and advancing digital solutions to manage long-term population growth.
Building a connected digital property ecosystem
Looking ahead, the Dubai Land Department continues working with VARA and technical partners to refine regulatory and operational standards for upcoming phases. In parallel, teams are assessing broader participation and the onboarding of additional platforms, subject to evaluation and regulatory approval.
Ultimately, the Real Estate Tokenisation Project advances Dubai’s ambition to build a smart, sustainable property economy. Through coordinated regulation, applied technology, and phased market development, the initiative reinforces Dubai’s role as a global testbed for next-generation real estate innovation.
