
Dubai's second tokenised property fully funded in under 2 minutes
Image credit: WAM/Website
In a record-setting move that highlights Dubai's growing leadership in digital real estate, the Dubai Land Department announced that its second tokenised property project on the 'PRYPCO Mint' platform was fully funded in just one minute and 58 seconds.
Read-
The project is part of Dubai Land Department's Property Tokenisation Initiative, under which PRYPCO Mint enables investors to purchase fractional shares in ready-to-own properties through a seamless and cost-effective digital platform.
Officials say the success of the platform signals a broader shift toward tokenised assets playing a central role in Dubai's property market by 2033. As the initiative expands with more projects and partnerships, the department is encouraging early registration to access future offerings before they sell out.
Dubai continues to position itself as a global leader in innovative and accessible real estate investment.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Gulf Today
an hour ago
- Gulf Today
UAE, Canada leaders explore ways to boost bilateral ties
Sheikh Abdullah Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, met Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, during his working visit to Canada. During the meeting, Sheikh Abdullah discussed the close friendship between the UAE and Canada, explored frameworks for cooperation, and ways to enhance it in a manner that serves mutual interests and contributes to the prosperity and well-being of both nations. The two sides reviewed prospects for cooperation across various sectors, particularly in industry, trade, investment, technology, and renewable energy. During the meeting, Sheikh Abdullah highlighted the importance of joint efforts between the two friendly nations to strengthen cooperation in the industrial sector, building on the strong UAE-Canada ties and the sector's diverse and attractive opportunities that align with both countries' ambitions for sustainable economic development. The meeting was also attended by Reem Bint Ebrahim Al Hashimy, Minister of State for International Cooperation; Dr Thani Bin Ahmed Al Zeyoudi, Minister of Foreign Trade; Sultan Al Mansoori, Envoy of the Minister of Foreign Affairs; Saeed Mubarak Al Hajeri, Assistant Minister for Economic and Trade Affairs, and Abdulrahman Ali Al Neyadi, the UAE Ambassador to Canada. On Friday, Sheikh Abdullah had met Anita Anand, Minister of Foreign Affairs of Canada. During the meeting, Sheikh Abdullah and the Canadian Foreign Minister discussed bilateral relations and means to further develop them across various fields. Sheikh Abdullah and Anita Anand also reviewed opportunities to enhance cooperation in several key sectors, including the economic, educational, investment, trade, technology and energy fields. Sheikh Abdullah reiterated the deep and long-standing friendship between the UAE and Canada, and highlighted the UAE's commitment to further advancing this distinguished relationship, which holds promising opportunities for growth and development in line with the aspirations of both nations for a more prosperous future. Discussions also touched on the latest regional and international developments, with a focus on their repercussions for global peace and security. Also on Friday, Sheikh Abdullah had met François-Philippe Champagne, Canada's Minister of Finance and National Revenue. Sheikh Abdullah and Champagne discussed the distinguished bilateral relations between the UAE and Canada and explored ways to promote them to serve both countries' shared interests and developmental priorities. WAM


Tahawul Tech
3 hours ago
- Tahawul Tech
Nedaa participates in CCW 2025 to boost partnerships in critical communications
Dubai — Professional Communication Corporation – Nedaa's participation in Critical Communications World (CCW) 2025 underscores the UAE's commitment to drive innovation in mission-critical telecommunications. The high-level delegation was led by H.E. Mansoor Bu Osaiba, CEO of Nedaa, at Critical Communications World (CCW) 2025, in Brussels, Belgium from June 17 to 19, 2025, along with senior executives and technical experts. Nedaa's attendance at CCW 2025 highlights its ongoing commitment to advancing mission-critical communication solutions and building strategic international partnerships. The delegation aimed to explore the integration of innovative technologies, including Artificial Intelligence (AI) and the Internet of Things (IoT), to enhance the security, resilience and efficiency of communication networks. 'Our participation at CCW 2025 underscores our commitment to driving innovation in mission-critical telecommunications,' said Osaiba. 'Through active engagement with international industry leaders and innovators, we aim to bring advanced communication solutions back to Dubai, further solidifying its position as a leading global smart city.' During the three-day event, Nedaa showcased its latest developments, explored potential collaborations and engaged in key industry discussions and presentations. The CCW platform provides an ideal setting for exchanging insights on global trends, challenges and opportunities in the critical communications sector. Nedaa's active presence at CCW 2025 reinforces its leadership in enhancing public safety and security through robust and future-ready communication infrastructures. Leveraging cutting-edge technologies, Nedaa continues to set the standard for high-quality critical communication services, playing an essential role in Dubai's ongoing evolution as an innovative, secure, and smart city.


Khaleej Times
5 hours ago
- Khaleej Times
Ajman Department of Land and Real Estate Regulation and Ajman Bank sign strategic MoU
The Ajman Department of Land and Real Estate Regulation has signed a Memorandum of Understanding (MoU) with Ajman Bank, marking a new chapter of collaboration aimed at advancing financial integration and enhancing banking services through innovative and digital-first solutions. The agreement was signed by Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, and Mustafa Al Khalfawi, Chief Executive Officer of Ajman Bank. Commenting on the signing, Eng. Omar bin Omair Al Muhairi stated: 'This strategic partnership with Ajman Bank reflects our commitment to advancing the department's digital capabilities and streamlining financial performance. Ajman Bank plays a vital role in supporting our ongoing efforts to build an agile, tech-enabled regulatory environment that responds effectively to the needs of real estate developers and investors.' He further added that through this collaboration, the department will gain access to comprehensive, periodic reports on escrow accounts, enabling greater oversight of real estate development performance. The partnership also paves the way for more seamless financial transactions across stakeholder groups, reducing procedural complexity and delivering future-ready services grounded in speed, privacy, and operational excellence. Mustafa Al Khalfawi, CEO of Ajman Bank, commented: 'At Ajman Bank, we believe in the power of institutional collaboration to elevate the quality of financial services. This agreement reflects our shared vision of trust, integration, and efficiency, and supports Ajman's positioning as a competitive and investment-friendly emirate.' This partnership serves as a model for effective synergy between regulatory bodies and the financial sector, setting the stage for a more stable, transparent, and investor-centric real estate ecosystem in Ajman.