DLD launches the MENA's first tokenized real estate project through the ‘Prypco Mint' platform

In a landmark move that reinforces Dubai's leadership in the real estate sector and harnesses cutting-edge technologies to advance property investment, Dubai Land Department (DLD) has launched the region's first tokenized real estate investment project through the 'Prypco Mint' platform. The initiative is being implemented in partnership with Prypco, in collaboration with the Virtual Assets Regulatory Authority (VARA), the Central Bank of the United Arab Emirates, and the Dubai Future Foundation (DFF) through the Real Estate Sandbox. Zand Digital Bank has been appointed as the banking partner for the project's pilot phase, positioning Dubai as the first city in the MENA region to adopt a licensed platform for real estate tokenization.
Dubai Land Department has officially launched the pilot phase of investment in tokenized real estate, marking the activation of the digital platform mint.prypco.com. The platform enables users to generate returns and own a share in a prime real estate project in Dubai. Currently available exclusively to UAE ID holders, the platform is set to expand globally in the near future, with additional platforms to be integrated in later phases, further reinforcing Dubai's position as a global hub for innovation in tokenized real estate.
Innovative Investment Opportunities for Individuals
The project offers individuals innovative investment opportunities through the purchase of tokenized shares in ready-to-own properties in Dubai, starting from just AED 2,000. All transactions are carried out exclusively in UAE Dirhams, with no use of cryptocurrencies during the pilot phase. Through the platform, investors can access comprehensive property details, ranging from pricing, risk factors, and technical specifications to the minimum investment required, ensuring full transparency and informed decision-making.
This initiative stems from a strategic partnership agreement between Dubai Land Department, Prypco, and Ctrl Alt Solutions, aimed at developing an innovative regulatory and operational framework for real estate tokenization. The partnership focuses on strengthening legislation, promoting knowledge, attracting specialised asset tokenization companies, and supporting innovation while safeguarding investor rights. As the market continues to evolve, tokenized assets are projected to represent up to 7% of Dubai's real estate market by 2033, equating to a value of AED 60 billion (USD 16 billion). Prypco Mint is poised to be the cornerstone of this transformation.
Ensuring Integrated and Transparent Regulation
The real estate tokenization project is jointly managed by Dubai Land Department, as the regulator of physical real estate assets, and the Virtual Assets Regulatory Authority (VARA), as the regulatory body for digital assets. This collaboration ensures an integrated and transparent regulatory framework for this new and innovative model of property investment.
In the current phase, the Central Bank of the United Arab Emirates plays a pivotal role in overseeing the opening of corporate accounts linked to real estate tokenization through the Client Money Account (CMA) system. This dedicated banking structure is designed to safeguard investor funds. Under this system, investors' funds are deposited into the CMA and are not transferred to the tokenization company until the purchase process is fully completed, enhancing security and ensuring maximum transparency.
Facilitating individual investors' access to the market
This project comes as part of the DLD's efforts to achieve the objectives of the Dubai Real Estate Sector Strategy 2033, which aims to reinforce Dubai's global leadership in this vital sector by strengthening partnerships with the private sector and attracting innovative international companies. It is also aligned with the goals of the Dubai Economic Agenda D33, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, which seeks to drive transformational projects that position Dubai as the world's best city to live and work in, through a fully integrated digital economy that enhances the emirate's position as a global hub for smart real estate investment.
The project's initial phase is exclusively limited to ready-to-own properties, and tokenization is permitted only through companies licensed by the Virtual Assets Regulatory Authority. Dubai Land Department is responsible for reviewing and validating the fairness of property pricing before any listing is approved on the platform. The pilot phase includes two authorized companies, Prypco and Ctrl Alt with plans to open the market to additional qualified firms in the future, supporting the growth of this emerging sector.
Rental and Capital Returns
Investors will benefit from both rental income and capital appreciation resulting from the property's appreciation, while holding a legally documented ownership share issued by Dubai Land Department—ensuring a transparent and secure investment experience without the complexities of traditional property management.
This project is part of the Real Estate Evolution Space Initiative (REES) previously launched by Dubai Land Department, which aims to position Dubai on the global map for PropTech and artificial intelligence. The initiative fosters a flexible legislative environment and encourages the attraction of talent and startups in this vital sector, further enhancing Dubai's global competitiveness.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Al Bawaba

21 hours ago

• Al Bawaba

Ajman Department of Land and Real Estate Regulation and Ajman Bank Sign Strategic MoU to Enhance Financial Integration

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 agreement was signed by H.E. Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, and H.E. Mustafa Al Khalfawi, Chief Executive Officer of Ajman on the signing, H.E. 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.H.E. 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.

Al Bawaba

3 days ago

• Al Bawaba

University of Birmingham Dubai students win fifth edition of the ADNOC-Bloomberg Trading Challenge

Students from University of Birmingham Dubai have won the 2025 edition of the ADNOC-Bloomberg Trading Challenge, marking the fifth edition of the unique commodities-focused competition designed to help students in the UAE showcase their skills in data analytics and Rania Guinomla and Malishka Kaur Bhasin from 'Fortune Traders' team were named the winners for their strategy, which which stood out for its disciplined "hold and watch" investment approach. The winners are eligible for training placements with ADNOC Global challenge forms part of the ADNOC-Bloomberg for Education Initiative, a long-term collaboration between ADNOC, the Ministry of Higher Education and Scientific Research, and Bloomberg aimed at supporting the UAE's next generation of graduates. Over the years, it has become a key platform for students from competing universities to gain hands-on experience using Bloomberg Terminals, guided by Bloomberg analysts from various sectors. Throughout the challenge, teams from participating universities simulate analyst workflows and develop commodities trading strategies, which they present as a research report to a jury of financial sector experts. Saif Al Falahi, ADNOC Director of Group Business Support & Special Tasks, said: 'We warmly congratulate the winners of this year's ADNOC-Bloomberg Trading Challenge on their exceptional performance in a competition that we are proud to have championed since its launch. The challenge offers a valuable platform for the next generation of UAE trading professionals to build the skills and hands-on experience needed to lead the fast-evolving world of global energy trading and drive the UAE's continued economic success.'In 2025, more than 450 students from nine universities took part in the challenge. Five teams were shortlisted as finalists, each presenting their approach to Massias, Head of Market Specialists - Middle East & Africa, Bloomberg LP said: 'What stands out most to me is how collaborative and committed these students are. They come in eager to learn and they leave with a real understanding of how to work with data, how to think critically, and perhaps most importantly, how to make informed decisions. This year's teams were impressive, and it's great to see such consistently strong talent in the UAE, especially at a time when the country is investing so much in innovation and digital skills.' Launched in 2019 following the signing of a Memorandum of Understanding (MoU) between ADNOC, Bloomberg, and the Ministry of Education, the initiative was created to equip future generations of UAE students with the financial skills needed to thrive in today's dynamic and globally connected world. Since then, it has continued to grow in scale and impact, supporting over 9,000 students and installing 100 Bloomberg Terminals across five of the UAE's leading universities: Khalifa University, Abu Dhabi University, UAE University, New York University Abu Dhabi, and the Higher Colleges of Technology. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.

Al Bawaba

3 days ago

• Al Bawaba

Nissan to Livestream World Premiere of All-New Patrol NISMO From the Middle East

Nissan is set to strengthen its performance-focused lineup in the Middle East with the highly anticipated NISMO event, taking place in Dubai on 24 June media, influencers and automotive enthusiasts are invited to join the live global streaming of the event: unveiling the all-new Patrol NISMO - marking its world premiere, and the new Nissan Z NISMO - making its regional debut.• Date: Tuesday, 24th June 2025• Time: 7:30PM GST (GMT +4) • Worldwide Livestream Link on YouTube: The livestream will showcase Nissan's latest NISMO icons in the Middle East, spearheading the Red Ring Society and offering viewers a first look at Nissan's next generation of bold design and motorsport-inspired innovation. Don't miss out this exclusive opportunity to celebrate the passion and precision of NISMO. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.