Ellington Powers Innovation with Tokenized Ownership at Kensington Waters

Ellington Properties has introduced a tokenization platform for its flagship residential development, Kensington Waters, located in Mohammed bin Rashid City (MBR City), Dubai. This initiative enables fractional digital ownership, allowing investors to buy and trade blockchain-based property tokens backed by real assets.

Kensington Waters Overview

Kensington Waters is a twin-tower residential development featuring:

• 277 units, including studios and one- to three-bedroom apartments
• Two 12-storey towers connected by a central pavilion
• Amenities such as a semi-Olympic lap pool, leisure pool, fully equipped gym, spa, steam and sauna rooms, children's play areas, splash pads, BBQ pavilion, EV charging stations, and landscaped green spaces

Designed with wellness and sustainability in mind, each apartment features high ceilings (ranging from 3 to 3.2 meters), floor-to-ceiling windows, abundant natural light and ventilation, and interior finishes inspired by water. The development emphasizes healthy living through architecture and community design.

Tokenized Ownership: A First for Dubai Real Estate

Ellington’s tokenization initiative allows buyers to own fractional shares of a Kensington Waters unit via blockchain-secured tokens. These digital tokens can be bought and sold on a secondary market, increasing liquidity and lowering the barrier to entry for real estate investment.

This represents a major shift in how investors interact with property markets, offering advantages such as greater accessibility, diversified portfolios, and a more streamlined transaction process.

Joseph Thomas, Co-founder and Managing Director of Ellington Properties, stated: “Kensington Waters redefines the parameters of modern lifestyle choices with its focus on sustainability and wellness.”

Ellington's broader vision integrates smart technologies and digital platforms to attract new segments of investors while supporting Dubai’s long-term urban and economic transformation.

Key Benefits

• Increased Liquidity: Tokenized real estate assets allow quicker transactions compared to traditional sales.
• Democratized Access: Enables smaller investors to participate in premium property markets previously limited to high-net-worth individuals.
• Aligned with Dubai’s Vision: Supports goals outlined in the Dubai 2040 Urban Master Plan to enhance sustainability, innovation, and livability.
• Strong ROI Potential: Kensington Waters is located in a prime district with average rental yields of 5–6% annually, making it an attractive proposition for both domestic and international investors.
• ## Project Status and Market Response

With construction nearing completion, Kensington Waters has already attracted significant interest due to its wellness-driven design, prime location, and contemporary architecture. The addition of tokenized ownership further enhances its investment appeal, particularly among tech-savvy buyers and younger investors seeking more flexible entry into the real estate market.

Ellington Properties plans to expand its tokenization model to upcoming projects, positioning itself as a leader in digitally enabled real estate solutions. As blockchain adoption grows and investor demand for alternative property investment structures increases, tokenization is set to become a defining trend in Dubai’s next-generation real estate market.