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Posted: 2025-04-26 22:39:52 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-04-26 22:40:35 UTC
Verified By
Rollup News
Dubai is pioneering the tokenization of real estate assets, with the Dubai Land Department leading the initiative in partnership with VARA and Dubai Future Foundation. This move aims to integrate legal title management with on-chain records, expecting the tokenized real estate market to exceed $16 billion by 2033, representing 7% of Dubai's property transactions. The initiative seeks to broaden global participation in Dubai's thriving real estate market, which saw a 36% year-over-year increase in transactions in 2024, reaching AED 760B.
Dubai's real estate is being restructured into tokenized, on-chain assets.
Dubai Land Department launched a pilot phase for real estate tokenization.
Tokenized real estate is expected to exceed $16 billion in value by 2033.
Formal agreement between DLD and VARA to align property registries with tokenized assets.
Dubai recorded AED 760B in real estate transactions in 2024, up 36% year over year.
Integrating legal title management with on-chain records.
Ensuring governance model aligns with legal and smart contract requirements.
Gatekeeping in traditional real estate markets.