Revolutionizing property ownership with regulated, accessible, and transparent tokenised investments for UAE investors
Dubai’s real estate market has taken a groundbreaking leap into the future with the launch of the Middle East and North Africa’s first tokenised real estate investment project through the ‘Prypco Mint’ platform. Spearheaded by the Dubai Land Department (DLD), this pioneering initiative marks a major milestone in the region’s digital asset and property sectors, positioning Dubai at the forefront of innovative real estate investment solutions.
The Prypco Mint platform, developed in collaboration with Prypco and supported by key regulatory and financial entities—including the Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE, and the Dubai Future Foundation—enables investors to purchase tokenised shares of ready-to-own properties in Dubai. The minimum investment entry point is set at an accessible AED 2,000, opening doors for small-scale investors to enter the lucrative real estate market without the need for full property ownership capital.
Zand Digital Bank has been appointed as the official banking partner for the pilot phase of the project, further cementing the initiative’s foundation within Dubai’s financial ecosystem. Currently, investments on the platform are accepted exclusively in UAE dirhams, with cryptocurrencies not permitted during this initial stage.
For now, the offering is available solely to UAE ID holders, though plans are underway to expand the platform’s accessibility to global investors in future phases. Investor funds will be closely monitored and safeguarded by DLD, VARA, and the Central Bank of the UAE, ensuring a highly regulated and secure investment environment.
“This initiative is designed to open the market to small-scale investors by providing access through a regulated and transparent investment framework,” said the Dubai Land Department in an official statement. By fractionalizing property ownership into tokenised shares, the platform allows investors to enjoy the benefits of real estate investment—including rental income and capital appreciation—without the burdensome full capital outlay traditionally required.
In addition to financial inclusivity, the platform offers comprehensive information on each property, including pricing details, risk assessments, and technical specifications, empowering investors to make well-informed decisions. Legal documentation of ownership will be officially issued by DLD, reinforcing transparency and trust.
The project arises from a strategic partnership between DLD, Prypco, and Ctrl Alt Solutions, which has worked to establish a robust regulatory and operational framework that balances innovation with investor protection. Two companies—Prypco and Ctrl Alt—are currently authorised to offer tokenised assets under VARA’s supervision.
Looking ahead, tokenised real estate is projected to constitute 7 percent of Dubai’s property market by 2033, translating to an estimated AED 60 billion (approximately USD 16 billion) in value. The initiative aligns closely with the Dubai Real Estate Sector Strategy 2033 and the Dubai Economic Agenda D33, which collectively aim to transform Dubai into the world’s leading smart city and investment hub for real estate.
Investor funds are further protected by a dedicated Client Money Account (CMA) system overseen by the Central Bank, which securely holds funds until the completion of property purchases, enhancing transactional integrity and safeguarding investor interests.
The launch of the Prypco Mint platform is a vital component of DLD’s broader Real Estate Evolution Space Initiative (REES), which seeks to integrate cutting-edge proptech and artificial intelligence technologies into Dubai’s real estate sector. By leveraging tokenisation and blockchain technology, Dubai is revolutionizing property ownership and investment, making it more inclusive, transparent, and efficient than ever before.
This initiative not only paves the way for a new era of property investment but also reaffirms Dubai’s commitment to innovation and leadership in global capital markets and real estate development.
