Dubai’s push to digitise property ownership has received a strong early response, with more than 6,000 individuals joining the waitlist for ‘Prypco Mint’, a new tokenized real estate platform approved by the Dubai Land Department (DLD).
The platform’s debut offering sold out within 24 hours, attracting 224 investors from 44 nationalities. The average investment stood at Dh10,714, and notably, 70% of participants were first-time investors in Dubai’s property market, a signal of growing international interest through low-barrier digital entry.
To commemorate the milestone, the DLD issued the world’s first-ever Property Token Ownership Certificate, a blockchain-based document validating fractional real estate ownership in Dubai.
“This is not just about selling digital assets, it’s about opening the Dubai property market to the world,” said a DLD spokesperson.
Licensed by VARA and built under the Dubai Real Estate Sandbox, Prypco Mint is the result of collaboration between the DLD, UAE Central Bank, Dubai Future Foundation, and Virtual Assets Regulatory Authority. The initiative supports the Dubai Economic Agenda D33 and Real Estate Strategy 2033, aiming for more accessible, transparent transactions.
With additional projects expected and developers being onboarded, Dubai is poised to lead a digital transformation in global property investment, offering opportunities for both individual investors and financial institutions adapting to tokenized ownership.
