Dubai’s Tokenized Real Estate Goes Live: First Sales in Under 2 Minutes
Summary
Dubai Land Department’s Prypco Mint — the emirate’s official property tokenisation platform — went live following a pilot in 2025. Built on the XRP Ledger and supported by VARA, the UAE Central Bank and the Dubai Future Foundation, the platform lets investors buy fractional shares in Dubai properties from AED 2,000 (about $545).
The second tokenised apartment sold out in 1 minute 58 seconds, with 149 investors from 35 countries competing; more than 10,700 people remain on the waitlist. Tokens are issued via an SPV structure and are directly linked to DLD title deeds. Smart contracts automate yield distribution, blockchain provides real-time tracking, and a 24/7 secondary market enables liquidity.
Key Points
- Minimum investment: AED 2,000 (c. $545), opening Dubai property to much smaller investors.
- Prypco Mint is built on the XRP Ledger and backed by VARA, the UAE Central Bank and Dubai Future Foundation.
- Tokens represent shares tied to DLD title deeds via an SPV; smart contracts automate income distribution.
- Regulatory framework: tokens classed as Asset-Referenced Virtual Assets (ARVA); full KYC/AML and securities-level oversight; 20% ownership cap per investor.
- Secondary market trading available 24/7; current constraints include dirham-only transactions and initial UAE-resident/UAE ID holder requirements, with international access expected in 2026.
- Market context: Dubai recorded AED 66.8 billion in real estate sales in May 2025 (a 44% YoY rise) and the 2025 market topped $185 billion in transactions.
- Dubai projects AED 60 billion in tokenised real estate by 2033 (about 7% of market); pilot demand suggests faster uptake may be possible.
Why should I read this?
Short version: this is a real step-change. If you manage money, advise investors or look after corporate treasury, tokenisation suddenly makes Dubai property liquid, divisible and quicker to trade. We skimmed the waffle and pulled the bits that matter — fast sell-outs, strong regulatory backing, low entry barrier and real secondary-market liquidity. Worth a quick read if you want to know whether to adjust allocation or client advice.
Author style
Punchy: this isn’t niche hype — it’s an operational market backed by regulators and big institutions. The speed of initial sales and the regulatory clarity mean this is more than an experiment; executives should pay attention and read the details if they’re mapping new investment options or client opportunities.