The Dubai Land Department has launched the second phase of the “Real Estate Tokenization” project, focusing on enabling resale in the secondary market by making approximately 7.8 million real estate tokens available starting February 20, in a move aimed at boosting digital investment and liquidity in the real estate market.
This comes after the success of the pilot phase, which tested operational and legislative systems, confirming Dubai’s role as a regional leader in integrating technology with the real estate sector to enhance transparency, market governance, and investor protection.
Real estate experts confirmed that the project provides new investment tools and makes the market more flexible and open to innovation. It also helps simplify traditional buying and selling procedures and strengthens the confidence of local and international investors.
It is worth noting that the pilot phase introduced 10 tokenized properties valued at AED 18.51 million, which were sold at record speed with the participation of more than 2,000 investors, making Dubai the first city globally to fully tokenize property ownership within an approved legal and regulatory framework.
