Dubai Launches MENA's First Tokenised Real Estate Platform

Dubai Land Department (DLD) has officially launched the Middle East and North Africa’s first tokenised real estate investment platform, named Prypco Mint. Developed in partnership with Emirati fintech company Prypco, the platform enables fractional property ownership using blockchain technology, setting a new benchmark in property investment.

The platform is being rolled out under DLD’s Real Estate Sandbox initiative, in collaboration with the UAE’s Central Bank, Dubai Future Foundation, and the Virtual Assets Regulatory Authority (VARA). Zand Digital Bank is serving as the official banking partner for the pilot phase.

Fractional Investment From USD 540

Prypco Mint allows individual investors to purchase fractional shares in ready-to-own Dubai properties for as little as USD 540 (AED 2,000). Investors can earn income from rental yields and capital appreciation, proportional to their share in the asset.

Each tokenised share is linked to a legal ownership certificate issued by DLD, ensuring full transparency and protection of investor rights. All transactions are conducted in UAE dirhams, with no use of cryptocurrency during the pilot phase.

The platform also provides extensive property information, including price, risk levels, unit specifications, and minimum investment thresholds, empowering investors to make informed decisions.

Access is currently limited to UAE residents holding Emirates IDs. However, the platform plans to expand to international investors and additional properties in later stages.

Blockchain-Backed, Legally Linked

Prypco Mint is built on blockchain technology, allowing secure, tamper-proof ownership records. Each token is linked directly to DLD’s official land registry, ensuring that digital transactions reflect real-world legal ownership.

This setup allows seamless and secure updates to property records each time a tokenised share is bought or sold. It removes the risks and volatility often associated with cryptocurrencies, while still providing the benefits of blockchain transparency.

Regulatory Oversight and Investor Protections

The platform is regulated jointly by DLD and VARA. While DLD oversees property ownership and title verification, VARA governs the tokenisation process. Investor funds are safeguarded through a Client Money Account (CMA) structure regulated by the UAE Central Bank. Funds are held in escrow until the property transaction is officially completed, providing an added layer of investor protection.

Only Prypco and Ctrl Alt Solutions have been authorised to participate in the pilot phase. DLD reviews and approves each property listing to ensure that pricing is fair and accurate before tokens are offered to the public.

DLD’s Vision for 2033

Dubai anticipates that tokenised assets could account for up to USD 16 billion (AED 60 billion) of the real estate market by 2033, representing approximately 7% of total market value. DLD has positioned Prypco Mint as a key component of its 10-year strategy to modernise property investment and support Dubai’s broader Economic Agenda D33.

The initiative also aligns with the Real Estate Sector Strategy 2033, which focuses on PropTech, artificial intelligence integration, and strengthening Dubai’s position as a global real estate investment hub.

Through projects like Prypco Mint, Dubai aims to provide secure, transparent, and accessible property investment opportunities. This new approach is set to transform how real estate is bought and owned in the region.