The Dubai Land Department (DLD), in collaboration with Prypco, has launched the region’s first tokenized real estate investment platform, Prypco Mint. Introduced under Dubai’s Real Estate Sandbox, the initiative enables UAE ID holders to invest in digital shares of ready-to-own properties, starting from just $544.

Developed with the support of the Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE (CBUAE), and the Dubai Future Foundation (DFF), the platform aims to transform property investment by facilitating fractional ownership through blockchain technology. Zand Digital Bank has been named the official banking partner for the pilot phase.

Accessible through the Prypco Mint website, the platform is available exclusively to UAE residents, with plans to expand globally and introduce broader integrations in future phases. All transactions are conducted in UAE Dirhams, with cryptocurrencies excluded during the pilot phase.

Each listed property includes comprehensive documentation covering pricing, technical specifications, risk disclosures, and minimum investment requirements.

The initiative supports the Dubai Real Estate Sector Strategy 2033 and the Dubai Economic Agenda D33, both of which aim to position the emirate as a global hub for smart, tech-driven real estate investment.

According to projections, tokenised assets could represent up to 7% of Dubai’s real estate market, worth an estimated $16 billion, by 2033, with Prypco Mint expected to play a pivotal role in this transformation.

The platform is part of a broader strategic agreement between the Dubai Land Department (DLD), Prypco, and Ctrl Alt Solutions to create a regulatory and operational framework for real estate tokenization. This agreement encompasses legislative development, investor protection measures, and initiatives to attract tokenization firms to Dubai.

Investor protections are embedded into the platform via the Central Bank’s Client Money Account (CMA) system, which safeguards funds until transactions are completed. Regulatory oversight is shared between DLD for the physical assets and the Virtual Assets Regulatory Authority (VARA) for the digital components, ensuring transparency and compliance on both fronts.

Investors gain legally registered ownership without the responsibilities of property management, and returns are generated through rental income and capital appreciation.

Currently, the pilot is limited to ready-to-own units, and tokenisation is permitted only through firms licensed by VARA. The Dubai Land Department (DLD) also independently verifies property pricing to ensure fairness before listings go live.

The initiative forms part of DLD’s broader Real Estate Evolution Space (REES) strategy, which aims to attract PropTech and AI innovation by fostering a progressive legislative and investment environment within Dubai’s property sector.