Dubai authorities unveil a digital property trading platform using blockchain technology
Dubai Introduces Blockchain-Based Real Estate Tokenization Platform
The Dubai Land Department (DLD) has launched a groundbreaking real estate tokenization platform, aiming to democratize access to the property market and align with Dubai's strategic economic vision.
In collaboration with partners such as Prypco Mint, Ctrl Alt Solutions, Ripple, and overseen by regulatory bodies like the Virtual Assets Regulatory Authority (VARA), Dubai Future Foundation, and the UAE Central Bank, the platform digitizes property title deeds into blockchain-based tokens, enabling fractional ownership of real estate assets.
Prypco Mint, a Dubai-based real estate app, serves as a marketplace where these tokenized assets are listed and traded. The platform has shown strong demand, with a Dh1.75 million villa selling to 169 investors from 40 nationalities in under five minutes.
Ctrl Alt Solutions, a UK-based tokenization startup, brings critical infrastructure to the project by securing the tokenized title deeds on the XRP Ledger public blockchain, ensuring scalability and security for the digital assets.
The Dubai Land Department envisions this innovative tokenization framework becoming a central part of Dubai’s property market by 2033, with projections estimating tokenized assets could represent about 7% of Dubai's real estate market, worth approximately Dh60 billion ($16 billion).
The platform currently serves UAE ID holders exclusively but plans to expand globally in future phases. Investors can purchase fractional shares in Dubai properties starting from AED 2,000 ($545).
This initiative is part of a broader strategy to enhance Dubai's economic competitiveness. Meanwhile, the head of the Qatar Financial Centre has proposed tokenizing Qatar high rises, while Ctrl Alt Solutions is also participating in the UK's Digital Securities Sandbox alongside trillion dollar asset manager SEI.
In conclusion, the DLD’s platform transforms traditional real estate ownership into a blockchain-enabled, globally accessible market, supported by Prypco Mint’s marketplace and Ctrl Alt’s custody solutions, with future plans to scale this model dramatically within Dubai’s property sector over the coming decade.
[1] Dubai Land Department. (2025). Press Release: Dubai Land Department Launches Government-Backed Real Estate Tokenization Platform Through Prypco Mint
[2] Ctrl Alt Solutions. (2025). Press Release: Ctrl Alt Solutions Secures Tokenized Real Estate Partnership with Dubai Land Department
[3] Prypco. (2025). Press Release: Prypco Mint Facilitates Rapid Sell-Out of Tokenized Properties
[4] Various. (2025). Dubai Land Department's Real Estate Tokenization Platform: A Game Changer for the Property Market
- Government-Backed News: The Dubai Land Department launched a press release titled "Dubai Land Department Launches Government-Backed Real Estate Tokenization Platform Through Prypco Mint".
- Securing Tokenized Real Estate Partnership: Ctrl Alt Solutions also released a press statement titled "Ctrl Alt Solutions Secures Tokenized Real Estate Partnership with Dubai Land Department".
- Prypco's Marketplace Success: Another press release from Prypco Mint, named "Prypco Mint Facilitates Rapid Sell-Out of Tokenized Properties", highlighted the brisk sale of a villa on the platform.
- A Game Changer: Various media outlets published an article titled "Dubai Land Department's Real Estate Tokenization Platform: A Game Changer for the Property Market", discussing the impact of the blockchain-based initiative on Dubai's real estate sector.
