Sign up to receive the latest tech news and updates from Property News International straight to your inbox.
By signing up, you will receive emails about property news products and you agree to our terms of use and privacy policy.
@2025 Property News International. All Rights Reserved.
The agreement was signed by His Excellency Omar Hamad BuShehab, Director General of the Dubai Land Department, and Mohamed Abdul Latif Al Hakim, the authorised signatory for Crypto.com, in the presence of several key officials and CEOs from both organisations. (Image: WAM)DUBAI – July 7, 2025 – In a major step toward transforming the future of property investment, the Dubai Land Department (DLD) has signed a memorandum of cooperation (MoC) with global digital asset platform Crypto.com to create a comprehensive digital investment environment for virtual real estate assets. This initiative supports Dubai’s broader vision to lead in digital transformation, smart real estate innovation, and blockchain integration in public services.
The agreement was signed by His Excellency Omar Hamad BuShehab, Director General of the Dubai Land Department, and Mohamed Abdul Latif Al Hakim, the authorised signatory for Crypto.com, in the presence of several key officials and CEOs from both organisations.
The collaboration comes as Dubai continues to push its 2033 Real Estate Strategy, which aims to build a smart, sustainable, and knowledge-driven property ecosystem and reach $272 billion (AED1 trillion) in real estate transactions by 2033. The initiative also follows the government’s announcement of plans to allow digital currency payments for government services, a milestone in integrating emerging technology with public infrastructure.
The MoC aims to explore the use of blockchain technologies, virtual assets, and digital currencies in property transactions. It will support the development of tools that facilitate secure digital custody, real estate asset tokenisation, investor verification, and the trading and settlement of digital assets.
By adopting emerging technologies, the partnership aspires to enhance market liquidity, drive smart investment, and reinforce Dubai’s global appeal as a hub for digital real estate investment. This agreement marks a significant move in aligning with modern investment trends and developing innovative platforms that meet the evolving demands of international investors.
According to the DLD, this effort directly supports the goals of the Dubai Economic Agenda D33, which seeks to create a globally competitive, innovation-led economy. The department emphasized that the partnership contributes to the leadership’s vision to make Dubai the best city in the world to live, work, and invest in.
Under this agreement, the Dubai Land Department will explore the implementation of Crypto.com’s platforms and technologies in areas such as real estate tokenisation and digital asset trading. The department will also provide administrative and logistical support, while ensuring that legal and legislative frameworks are in place to guarantee compliance with Dubai's regulations.
In turn, Crypto.com will offer tailored technological solutions to facilitate the use of digital currencies in real estate, alongside providing technical support, advisory services, and analytical tools that enable data-driven decision-making. Upon joint agreement to proceed with specific initiatives, the company will supply all necessary technical and legal documentation and secure approvals from the relevant authorities.
The signing of this MoC represents a new milestone in the DLD’s innovation journey, laying the foundation for a next-generation digital marketplace that opens up new opportunities for investors while reinforcing Dubai’s position as a global pioneer in smart real estate solutions.
By combining public sector vision with private sector innovation, Dubai is once again setting the benchmark for cities embracing the future of real estate through digital transformation.
Agents connect directly with ADREC representatives
Crypto investors not eligible for UAE golden visas
Oman’s first dual-frontage homes with panoramic views
DIFC’s largest apartment sale with 23,000 sq ft
Stay ahead with the latest updates, insights, and trends shaping the world of real estate globally.
