Dubai’s Regulators Greenlight Groundbreaking Tokenized Real Estate Project

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Dubai’s Virtual Assets Regulatory Authority (VARA) and the Dubai Land Department (DLD) have jointly launched the MENA region’s first licensed tokenized real estate initiative, signaling strong institutional support for blockchain-based property investment.

The project, developed in collaboration with the Central Bank of the UAE and the Dubai Future Foundation, leverages VARA’s newly updated rules allowing RWA tokenization on secondary markets.

Investors can participate with as little as AED 2,000 ($545) via the Prypco Mint platform, with Zand Digital Bank overseeing the dirham-only pilot phase.

Initially restricted to UAE residents, the program aims to eventually welcome global investors, reinforcing Dubai’s position as a leader in crypto-friendly real estate innovation.