In a pioneering step that cements Dubai’s leadership in real estate innovation, the Dubai Land Department (DLD) has unveiled the region’s first tokenized property investment initiative through the newly launched Prypco Mint platform. This landmark project is being executed in collaboration with Prypco, and under the strategic oversight of the Virtual Assets Regulatory Authority (VARA), the UAE Central Bank, and the Dubai Future Foundation (DFF) through its Real Estate Sandbox. Zand Digital Bank has been named the official banking partner for the pilot stage, making Dubai the first city in the MENA region to adopt a licensed tokenization platform for property investment.
The pilot phase of the initiative is now live via mint.prypco.com, allowing UAE ID holders to invest in premium Dubai real estate through digital tokens. With plans to expand access globally, this innovative platform opens the door to fractional real estate ownership, solidifying Dubai’s position as a global hub for tokenized assets.
Accessible Property Investment for All
The platform enables individual investors to purchase shares in completed, income-generating properties in Dubai starting from as little as AED 2,000. Transactions are conducted entirely in UAE Dirhams, with no involvement of cryptocurrencies during the pilot rollout. The portal provides investors with a transparent overview of each opportunity, including detailed property information, pricing, associated risks, and investment thresholds—ensuring well-informed decision-making.
This initiative is the result of a strategic alliance between DLD, Prypco, and Ctrl Alt Solutions, focused on creating a robust regulatory and operational foundation for asset tokenization in real estate. The collaboration aims to modernize legal frameworks, attract global tokenization firms, foster innovation, and protect investor interests.
As tokenization gains momentum, it’s projected that digital assets could comprise up to 7% of Dubai’s real estate market by 2033—an estimated AED 60 billion (USD 16 billion). The Prypco Mint platform is positioned to lead this transformation, reshaping how property investment is accessed and managed in the UAE and beyond.
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