25 May, 2025: Dubai has launched the Middle East’s first tokenised real estate investment platform, revolutionising how residents can access the property market. The initiative, led by the Dubai Land Department (DLD) in collaboration with Prypco and Ctrl Alt, introduces ‘Prypco Mint’—a digital platform that enables fractional property ownership starting from just Dh2,000. This groundbreaking move aims to democratise real estate investment and aligns with Dubai’s vision of becoming a global innovation hub.
Supported by the UAE Central Bank, the Dubai Future Foundation, and the Virtual Assets Regulatory Authority (VARA), the platform provides a fully regulated and secure environment for investors. Zand Digital Bank is onboard as the official banking partner during the pilot phase. Importantly, all transactions are conducted in UAE Dirhams, with cryptocurrency currently excluded to ensure regulatory compliance and security.
The properties listed on mint.prypco.com are pre-approved by regulators to ensure fair pricing and investor protection. Investors will hold a legally registered share of ownership and benefit from rental income and capital appreciation. All funds are held in escrow accounts regulated by the DLD, VARA, and the Central Bank.
The DLD projects that tokenised assets could make up to 7% of Dubai’s property market by 2033, representing approximately Dh60 billion. Initially available only to UAE residents, the platform has ambitions for global expansion in the coming phases.
By integrating real estate with blockchain-based tokenisation, Dubai is setting the stage for more inclusive and accessible property ownership, reinforcing its leadership in smart city innovation.
