Following the rapid sellout of its first tokenized real estate project on the Prypco Mint platform, the Dubai Land Department (DLD) has launched the world’s first Property Token Ownership Certificate.

The debut project, part of the broader Real Estate Tokenization Initiative, attracted 224 investors within a single day of launch.

Notably, 70% of participants were first-time investors in Dubai’s property market, highlighting the growing appeal and accessibility of fractional digital ownership. Investors from 44 nationalities contributed, with the average investment totaling $2,917.

The initiative, the first of its kind in the region, has garnered overwhelming interest, with over 6,000 individuals now on the platform’s waitlist. This signals Dubai’s expanding influence among global investors seeking innovative, lower-barrier models of property ownership.

The project, which was developed in collaboration with VARA, the Central Bank of the UAE, and the Dubai Future Foundation via the Real Estate Sandbox, is being executed through the Prypco Mint platform.

It aims to democratize access to property ownership, streamline transactions, and enhance transparency, aligning with the Dubai Real Estate Strategy 2033 and the Dubai Economic Agenda D33.

The Dubai Land Department is now working to onboard real estate developers, paving the way for a broader rollout of tokenized assets and ushering in a new era of digital real estate investment.