Dubai has launched the region’s first regulated tokenised real estate investment platform through the Prypco Mint project in collaboration with Prypco, the Dubai Land Department (DLD), and the Virtual Assets Regulatory Authority (VARA).
The pilot, available to UAE ID holders, enables investors to buy fractional ownership in physical Dubai real estate starting from Dh2,000, with all transactions conducted in UAE dirhams. The platform, mint.prypco.com, is licensed by VARA and supervised by the Central Bank of the UAE through the Client Money Account (CMA) system, which safeguards investor funds until property purchases are complete.
Zand Digital Bank has been appointed as a banking partner for the pilot. The initiative is supported by the Dubai Future Foundation through the Real Estate Sandbox programme. Additional licensed companies may be added in future phases, with the project currently run by Prypco and Ctrl Alt Solutions.
The platform gives users detailed property information, including pricing, risk factors, and legal documentation. All properties are vetted by the Dubai Land Department, which oversees the fairness of property valuations and manages the issuance of ownership documentation.
This initiative forms part of the Dubai Real Estate Sector Strategy 2033 and aligns with the Dubai Economic Agenda D33. Tokenised assets are projected to make up 7% of Dubai’s real estate market by 2033, with a projected value of Dh60 billion ($16 billion), according to DLD estimates.
The project is intended to expand globally, offering retail investors an alternative to traditional real estate ownership models and supporting the emirate’s broader goals to digitise investment infrastructure and attract PropTech innovation.
