Dubai unveils Region’s First Tokenized Property Investment Platform
Dubai has launched the region’s first government-backed tokenized real estate investment platform, “Prypco Mint.” Led by the Dubai Land Department (DLD), this pilot initiative allows individuals to invest in property from as little as AED 2,000. However, participation is currently limited to UAE residents with a valid Emirates ID.
Developed in partnership with Prypco and Ctrl Alt, and supported by the Virtual Assets Regulatory Authority (VARA), the UAE Central Bank, and the Dubai Future Foundation, the platform reflects Dubai’s broader push for real estate innovation. Notably, Zand Digital Bank has been appointed as the banking partner for the pilot phase.
While real estate tokenization is often associated with cryptocurrency, this pilot exclusively uses UAE Dirhams. Cryptocurrency payments are not allowed at this stage. Transactions take place on the digital platform mint.prypco.com, where users can purchase fractional shares in ready-to-own Dubai properties.
Investor Protection and Regulatory Oversight
Investor protection remains a central focus. All funds are held in Client Money Accounts (CMAs), regulated by DLD, VARA, and the Central Bank. These accounts release funds only once the investment process is fully completed, helping ensure that investor money is safeguarded.
Before any property appears on the platform, it undergoes a pricing review to ensure fairness and compliance. At this stage, only two firms Ctrl Alt and Prypco are authorized to list properties. However, the DLD plans to include more licensed entities as the project evolves.
Investors benefit from both rental income and potential property value appreciation. Moreover, each investor holds a legally registered share of ownership, overseen by the DLD. This legal clarity adds an extra layer of assurance not always present in alternative investment models.
A Step Toward Broader Access and Global Reach
Real estate tokenization transforms physical property into digital tokens via blockchain technology. These tokens represent fractional ownership, enabling smaller investors to enter a market previously out of reach. As a result, the platform lowers the barrier to entry and supports first-time investors.
Unlike traditional crowdfunding, tokenization introduces a more transparent, regulated, and technologically advanced structure. Dubai’s approach aligns with its Real Estate Sector Strategy 2033, aiming to digitize and diversify property investment. By 2033, tokenized assets could account for up to 7% of Dubai’s real estate market roughly AED 60 billion.
Although the platform is initially restricted to UAE residents, plans are in place to expand globally and support additional tokenization partners in later phases. This pilot not only broadens access to real estate investment but also reinforces Dubai’s leadership in financial innovation.
