An unprecedented milestone for real estate and blockchain, the second tokenized property offering by the Dubai Land Department (DLD) sold out in just 1 minute and 58 seconds. This groundbreaking sale became the world’s first purchase of a blockchain-backed property investment at this speed. It further cements Dubai’s reputation as a city of the future and a global leader in digital real estate innovation.
Since launching its first tokenized property in May 2025, it has sparked a wave of fractional ownership in the real estate lending market. This innovative model is reshaping how local and foreign investors discover, build, and establish themselves in the property market. The lightning-quick sale reflects a growing appetite for digital assets. It also proves strong investor confidence in Dubai’s regulations and forward-thinking platforms.
What Is Tokenised Real Estate and Why Does It Matter
Tokenised real estate splits property ownership into digital tokens stored on a blockchain. Investors can buy and sell fractional shares instead of an entire property. This model removes traditional financial constraints, opening the market to a wider and more diverse group of investors.
In Dubai, the DLD backs and regulates tokenisation. It issues official Property Token Ownership Certificates that legally recognize fractional ownership. The blockchain’s transparency and immutability protect transaction integrity and reduce fraud, boosting investor trust.
Tokenised real estate improves liquidity. Tokens can trade more easily on secondary markets compared to traditional property shares. Investors can also diversify by putting smaller amounts into multiple properties. This approach improves market efficiency and makes real estate accessible to more people.
Dubai’s Second Tokenised Property
The second tokenized property was a one-bedroom unit in Kensington Waters, Mohammed Bin Rashid City, worth Dh1. 5m with a percentage deduction of approximately Dh1. 875 million market price.
Fractional shares started at Dh2,000, making ownership more accessible to less affluent investors. This was a key move for the Dubai Land Department’s Property Tokenization Initiative.
The sale attracted 149 buyers from 35 nationalities. A waiting list of over 10,700 hopeful buyers underscored Dubai’s global appeal and rising appetite for blockchain-backed investments.
This quick sell-out followed the first tokenized property launch in May 2025. A two‑bedroom apartment in Business Bay, valued at Dh2.4 million, sold out in 24 hours. It drew 224 investors from over 40 nationalities. This proves how strong the demand is for a future-proof, blockchain‑driven property market in Dubai.
The Tokenisation Platform and Regulatory Framework
At the core of these offerings is PRYPCO’s Mint platform. This mobile-first, blockchain‑powered trading tool was developed with the Dubai Land Department by PRYPCO. Regulated by VARA, it operates on the XRP Ledger, a blockchain known for its speed and scalability. Ctrl Alt built the technology and system, while Zand Bank processes secure financial transactions.
A regulatory body including the UAE Central Bank, VARA, and the Dubai Future Foundation ensures compliance and security. PRYPCO Mint is now available to UAE residents with a valid Emirates ID. It will expand to international investors in future rollouts. This mix of technology, regulation, and banking builds trust. It also encourages mainstream adoption of tokenized real estate as an investment class.
Market Demand
The sale lasted under two minutes, and the waitlist topped 10,700 names. This shows the surging appetite for fractional property stakes backed by blockchain technology. The offering drew subscribers from 35 nationalities, cementing Dubai’s global appeal.
With a minimum entry of Dh2,000, the second tokenized property removes barriers for both wealthy and retail investors. The Dubai Land Department sees this quick sell‑out as a sign of trust. It strengthens tokenization under Dubai’s leadership, with a regulated and structured approach. FOMO also fueled demand as investors embraced the second tokenized property’s promise for reshaping liquidity and ownership.
PRYPCO CEO Amira Sajwani said this strong investor appetite confirms the world is ready for “a smarter, more accessible way” to invest in real estate. She emphasized the company’s ongoing work to break down old structures and invite more people into the market.
Repercussions on Property and Innovation in Dubai
The Dubai Property Tokenization Initiative is one of several programs disrupting real estate by digitizing ownership and its “use cases”.This approach positions the emirate as a global leader in blockchain real estate. Official certificates of fractional ownership are issued through legal processes. This builds trust and gives legitimacy to digital property investments.
Think of tokenisation as the democratisation of access. It allows more investors, even those with lower starting capital, to claim a piece of Dubai’s property market. This supports the emirate’s goal of economic diversification and attracting international investment.
Through collaboration with VARA, the Central Bank, and the Dubai Future Foundation, Dubai is fostering secure, transparent innovation. This approach meets the highest global standards and paves the way for the future of digital real estate. Tokenisation will increase market liquidity and transparency, thereby consolidating Dubai’s position as a leading hub for real estate and fintech.
What This Means for Investors
Tokenisation allows both new and experienced investors to own a share of premium Dubai properties. At Dh2,000 per share, it makes diversification easy and lowers the traditional entry barrier.
The DLD’s Official Ownership Certificate Digitalisation, via OVT Tokens, adds legal strength and security. By storing ownership certificates on the blockchain, it reduces fraud and increases trust. Investors should still remain cautious of market volatility and regulatory shifts, and always do thorough due diligence before committing.
Future Outlook
Dubai’s journey in the realm of tokenized real estate has only just begun. With plans to offer PRYPCO Mint to international investors and list new projects in booming locations, the market is poised for expansion with increased liquidity.
This transformation may upend the sales, ownership, and management of property with speedier, if not more transparent, transactions. “Partnerships between regulators in Dubai have created an environment that is conducive to business and instills investor confidence.
Internationally, Dubai’s innovative work is driving other markets to consider blockchain-based real estate, suggesting that a time will come when fractional ownership and tokenized assets will be the standard.
Conclusion
By selling its second tokenised property in under two minutes — a new record — Dubai has cemented its position as a global leader in blockchain real estate. This milestone reflects rising investor confidence in fractional ownership and Dubai’s role in shaping the future of property investment.
Dubai is opening its property market like never before. Greater visibility and liquidity are lowering barriers to entry, making the market more inclusive. Supported by strong regulations and advanced technology, the Property Tokenization Initiative is poised to redefine ownership both locally and globally.
As the platform expands and access grows, tokenised real estate will become a standard investment option. It will give all investors — regardless of their starting capital — a chance to participate. Dubai’s journey with tokenisation is reshaping the property investment landscape as we know it.