DLD And VARA Partner To Connect Real Estate Tokenisation
Dubai Land Department (DLD) has joined forces with the Dubai Virtual Assets Regulatory Authority (VARA) to link the real estate registry with property tokenisation. This landmark cooperation aims to build an advanced governance framework that enhances efficiency and liquidity in the real estate sector. As a result, Dubai continues to strengthen its position as a global leader in real estate innovation.
This groundbreaking initiative follows the pilot launch of the “Real Estate Tokenisation Project” and marks the first agreement of its kind worldwide. It was formalised in the presence of senior officials, including Helal Saeed Almarri, Director-General of the Department of Economy and Tourism, and Marwan bin Ghalita, Director-General of the DLD. Their involvement underscores the strategic importance of this digital transformation in property management.
Enabling Broader Investment Access
Through this agreement, Dubai is introducing fractional ownership of real estate assets. This model allows more people—especially small-scale investors—to participate in the property market. As a result, it fosters greater economic inclusion and opens new channels for both local and international investment.
The initiative supports the “Dubai Real Estate Strategy 2033,” which targets AED1 trillion in real estate transactions. At the same time, it contributes to the broader “Dubai Economic Agenda D33,” which seeks to double the emirate’s GDP over the next ten years. Together, these efforts highlight the city’s commitment to sustainable economic expansion through digital innovation.
Driving Digital Growth and Transparency
Helal Almarri noted that this agreement reflects Dubai’s focus on integrating innovation across both government and digital sectors. Real estate tokenisation, he said, offers a more inclusive and transparent investment model that benefits all stakeholders. Likewise, Marwan bin Ghalita emphasised its potential to attract technology firms and boost digital infrastructure in the real estate domain.
Ultimately, this initiative reflects Dubai’s ambition to create a forward-thinking legislative framework. By embracing artificial intelligence and tokenisation technologies, the city continues to shape a more resilient and future-ready digital economy.
