Dubai Land Division (DLD), which oversees the emirate’s actual property market, has initiated the second section of the Actual Property Tokenization Challenge, enabling secondary-market buying and selling of roughly 7.8 million property tokens starting February 20, in line with a current announcement.
The transfer transitions this system from its pilot stage into an operational framework designed to judge market effectivity, transaction integrity, and investor safeguards underneath regulatory oversight.
DLD developed the challenge alongside the Digital Belongings Regulatory Authority, Dubai’s digital asset regulator, and different authorities our bodies, together with the Dubai Future Basis and the Central Financial institution of the UAE.
The pilot section, launched in March 2025 underneath the “REES Actual Property Innovation Initiative,” examined authorized, technical, and regulatory frameworks for tokenizing property title deeds.
In Might 2025, Prypco Mint facilitated the primary tokenized property transaction denominated in UAE dirhams.
The division confirmed that future growth will rely upon efficiency assessments and coordination with regulators earlier than further buying and selling platforms can take part.
Tokens in this system characterize fractional stakes in registered properties and are denominated in dirhams quite than crypto belongings, maintaining transactions throughout the typical monetary system whereas leveraging distributed-ledger know-how.
The initiative helps the Dubai Actual Property Sector Technique 2033, which seeks to extend actual property’s contribution to the emirate’s financial output by enhancing transparency, adopting digital instruments, and attracting international capital.
It additionally aligns with the Dubai City Plan 2040, a framework prioritizing sensible city improvement and environment friendly land use to accommodate projected inhabitants progress.
DLD described the tokenization effort as a long-term strategic challenge supposed to place the emirate as a testing floor for superior property-market applied sciences.