Dubai’s second tokenised property offering on the Prypco Mint platform was fully subscribed in one minute and 58 seconds, according to the Dubai Land Department. The offering attracted 149 investors from 35 nationalities, highlighting rising interest in fractional real estate ownership.
More than 10,700 investors were on the waiting list at the close of the offer, signalling a growing appetite for tokenised property in the emirate. Prypco Mint, an accredited platform under the Dubai Land Department’s Property Tokenisation Initiative, allows investors to purchase shares in ready properties with lower capital barriers and simplified processes.
The initiative is part of a broader strategy to digitise and expand access to the real estate sector. According to a recent Citi report, tokenised real-world assets could reach $5 trillion in global market size by 2030, with real estate as the leading segment.
Tokenisation platforms are gaining traction in Dubai amid the increasing adoption of blockchain across sectors. The Dubai Land Department has partnered with multiple private firms to accelerate the adoption of digital asset infrastructure, aiming to increase transparency, liquidity, and investor participation in the property market.
The department said additional projects are in the pipeline and encouraged prospective investors to pre-register to secure access before future offerings reach capacity.
Prypco Mint’s initial offering, which took place earlier this year, was also oversubscribed within minutes, indicating sustained demand for tokenised property assets in Dubai’s maturing digital investment ecosystem.
