Dubai Land Department begins real estate tokenization project

The Dubai government started the pilot phase of a project that would convert real estate assets into digital tokens on the blockchain.
The Dubai Land Department (DLD), a government entity responsible for registering, organizing and promoting Dubai real estate, announced that it started the pilot phase of its real-estate tokenization project.
The project was launched in collaboration with the Dubai Future Foundation (DFF) and the Virtual Assets Regulatory Authority (VARA), Dubai’s crypto regulator.
The token launch makes the DLD the first real-estate registration entity in the UAE to implement tokenization on property title deeds.
DLD expects the sector to grow $60 billion by 2033
In the announcement, the DLD said the initiative is expected to drive growth in real estate tokenization. The government agency predicts that its market value could reach over $16 billion by 2033. According to the agency, this represents 7% of Dubai’s total real estate transactions.
DLD Director-General Marwan Ahmed Bin Ghalita said in the announcement that real estate tokenization drives a fundamental change in the sector.
“By converting real estate assets into digital tokens recorded on blockchain technology, tokenization simplifies and enhances buying, selling, and investment processes,” he said.
The official said this aligns with the DLD’s vision to become a global leader in real estate investment and use technology to develop innovative real estate products.
Related: Mantra and Damac sign $1B deal to tokenize Middle Eastern assets
Tokenization to open up Dubai real estate to global investors
Tokinvest co-founder and CEO Scott Thiel said the initiative is a “transformative moment” for the sector. Thiel told Cointelegraph:
“The initiative not only reinforces Dubai’s leadership in blockchain adoption but also paves the way for a more inclusive, liquid, and efficient real estate market.”
The executive working in a VARA-regulated RWA platform told Cointelegraph that DLD’s new project would open Dubai’s real estate market to a global pool of investors.
“Tokenisation is no longer a concept. It’s a reality that will open up Dubai’s real estate market to a global pool of investors like never before,” Thiel told Cointelegraph.
In a previous interview, Thiel told Cointelegraph that the UAE’s proactive regulations paved the way for the country’s real-world asset (RWA) tokenization boom. The executive said there was a genuine desire from government agencies to develop clear guidelines for the sector.
Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why
Bitcoin (BTC) $ 119,889.00
Ethereum (ETH) $ 2,996.50
XRP (XRP) $ 2.89
Tether (USDT) $ 1.00
BNB (BNB) $ 688.18
Solana (SOL) $ 163.01
USDC (USDC) $ 0.999905
Dogecoin (DOGE) $ 0.196190
TRON (TRX) $ 0.301100
Lido Staked Ether (STETH) $ 2,998.33
Cardano (ADA) $ 0.727402
Hyperliquid (HYPE) $ 46.83
Wrapped Bitcoin (WBTC) $ 119,660.00
Stellar (XLM) $ 0.440930
Sui (SUI) $ 3.84
Wrapped stETH (WSTETH) $ 3,613.61
Chainlink (LINK) $ 15.71
Hedera (HBAR) $ 0.235159
Bitcoin Cash (BCH) $ 501.35
Avalanche (AVAX) $ 21.14
LEO Token (LEO) $ 9.00
Wrapped eETH (WEETH) $ 3,210.38
Shiba Inu (SHIB) $ 0.000013
Toncoin (TON) $ 3.01
WETH (WETH) $ 2,997.87
Litecoin (LTC) $ 94.64
USDS (USDS) $ 0.999854
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
WhiteBIT Coin (WBT) $ 45.84
Monero (XMR) $ 342.75
Polkadot (DOT) $ 3.93
Coinbase Wrapped BTC (CBBTC) $ 119,931.00
Uniswap (UNI) $ 9.07
Ethena USDe (USDE) $ 1.00
Bitget Token (BGB) $ 4.44
Pepe (PEPE) $ 0.000012
Aave (AAVE) $ 312.95
Bittensor (TAO) $ 405.98
Dai (DAI) $ 1.00
Pi Network (PI) $ 0.457669
Cronos (CRO) $ 0.106303
Aptos (APT) $ 4.94
NEAR Protocol (NEAR) $ 2.56
Ethena Staked USDe (SUSDE) $ 1.18
OKB (OKB) $ 47.89
Internet Computer (ICP) $ 5.37
Jito Staked SOL (JITOSOL) $ 198.11
Ondo (ONDO) $ 0.895814
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
Ethereum Classic (ETC) $ 18.42
Algorand (ALGO) $ 0.279529
Mantle (MNT) $ 0.717179
Kaspa (KAS) $ 0.084651
USD1 (USD1) $ 0.999864
Ethena (ENA) $ 0.333787
Bonk (BONK) $ 0.000027
VeChain (VET) $ 0.024172
Cosmos Hub (ATOM) $ 4.52
POL (ex-MATIC) (POL) $ 0.228380
Arbitrum (ARB) $ 0.402106
sUSDS (SUSDS) $ 1.06
Fasttoken (FTN) $ 4.51
Render (RENDER) $ 3.71
Gate (GT) $ 15.77
Official Trump (TRUMP) $ 9.30
Artificial Superintelligence Alliance (FET) $ 0.710752
Sei (SEI) $ 0.330488
Pump.fun (PUMP) $ 0.005142
Binance-Peg WETH (WETH) $ 3,001.69
Pudgy Penguins (PENGU) $ 0.028731
Worldcoin (WLD) $ 1.03
Lombard Staked BTC (LBTC) $ 119,634.00
Filecoin (FIL) $ 2.54
Sky (SKY) $ 0.076999
Binance Staked SOL (BNSOL) $ 173.26
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.75
Jupiter (JUP) $ 0.493450
KuCoin (KCS) $ 11.46
First Digital USD (FDUSD) $ 0.999323
USDtb (USDTB) $ 0.999677
Kelp DAO Restaked ETH (RSETH) $ 3,143.22
Rocket Pool ETH (RETH) $ 3,414.80
SPX6900 (SPX) $ 1.51
USDT0 (USDT0) $ 0.999638
Celestia (TIA) $ 1.86
NEXO (NEXO) $ 1.31
Fartcoin (FARTCOIN) $ 1.30
XDC Network (XDC) $ 0.078626
Story (IP) $ 4.29
Flare (FLR) $ 0.017416
Stacks (STX) $ 0.780305
Injective (INJ) $ 12.21
Solv Protocol BTC (SOLVBTC) $ 119,664.00
Optimism (OP) $ 0.650103
Mantle Staked Ether (METH) $ 3,211.42
StakeWise Staked ETH (OSETH) $ 3,150.79
Sonic (S) $ 0.344060
Polygon Bridged USDT (Polygon) (USDT) $ 1.00
Virtuals Protocol (VIRTUAL) $ 1.67
Renzo Restaked ETH (EZETH) $ 3,146.19