365Crypto
Dubai Takes Real Estate to the Blockchain
Turning Property into Digital Tokens
Dubai is taking real estate into the future. The Dubai Land Department (DLD) is testing a new project that turns property into digital tokens. This process, called tokenization, puts real estate records on the blockchain.
The DLD, which handles property registration in Dubai, announced the pilot phase of this project. It’s working with the Dubai Future Foundation (DFF) and the Virtual Assets Regulatory Authority (VARA). This makes the DLD the first real estate registry in the UAE to try blockchain-based property records.
Big Money in Digital Real Estate
The DLD believes real estate tokenization will grow fast. By 2033, the market could be worth over $16 billion. That would make up 7% of all real estate deals in Dubai.
Marwan Ahmed Bin Ghalita, the Director-General of the DLD, says tokenization will change the real estate industry.
“By turning properties into digital tokens on the blockchain, we’re making buying, selling, and investing easier.”
The project fits into Dubai’s goal of leading the world in real estate innovation.
More Investors, More Opportunities
Scott Thiel, the CEO of Tokinvest, sees this as a game-changer.
“Dubai is proving it’s serious about blockchain. This will make real estate investing more open, flexible, and global.”
Thiel, who works with a VARA-regulated platform, believes tokenization will bring more international investors into Dubai’s real estate market.
He also pointed out that Dubai’s clear crypto regulations make this possible. The UAE government is actively creating guidelines to support digital assets.
What This Means for the Future
With this move, Dubai is making real estate more accessible. Instead of needing millions to buy property, investors may soon be able to buy smaller digital shares.
It’s not just an idea anymore. Tokenization is happening now, and Dubai is leading the way.
