Dubai Activates Secondary Market for Tokenized Real Estate with Legal Backing - Crypto Economy

TL;DR

• Dubai Land Department moves real estate tokenization into operational phase two.
• Investors can resell fractional ownership stakes without selling the underlying property.
• Approximately 7.8 million tokens represent nearly $2.12 billion in property value.

The Dubai Land Department moved its real estate tokenization initiative into operational phase two, enabling a regulated secondary market for trading property-backed digital assets. The project, developed alongside infrastructure provider Ctrl Alt, transitions from pilot testing to live commercial activity.

For the first time, investors can resell fractional ownership stakes in tokenized Dubai properties without waiting for a complete property sale. The measure addresses the real estate sector’s historical illiquidity problem, allowing participants to exit positions through direct token trading on the secondary market.

Blockchain Infrastructure and Legal Backing

Approximately 7.8 million real estate tokens entered circulation for secondary trading. The collection represents underlying property value of nearly 7.8 billion dirhams (approximately $2.12 billion). Minimum investment starts at 2,000 dirhams, providing retail investors access to fractional stakes in high-value assets. Participation currently limits to Emirates ID holders as part of a controlled deployment strategy.

The platform operates on XRP Ledger, selected for processing speed and low transaction costs. Digital property titles mint and manage directly on the blockchain, maintaining legal synchronization with Dubai’s traditional real estate registry.

PRYPCO Mint and Ctrl Alt platforms, both regulated by the Virtual Assets Regulatory Authority (VARA), handle token issuance and trading. Blockchain-based ownership records integrate with the Dubai Land Department’s official title system, ensuring each token carries recognized legal backing.


The initiative forms part of Dubai’s Real Estate Sector Strategy 2033. Authorities project tokenized assets to represent 7% of the emirate’s property market by 2033, equivalent to approximately $16 billion in tokenized real estate value.

Market access remains restricted to local participants during this phase. Officials indicated future stages may open the platform to international investors, once sufficient operational data and consolidated stability metrics become available.