DLD Launches MENA's First Tokenized Real Estate Project via Prypco Mint

In a pioneering step that places Dubai at the forefront of real estate innovation, the Dubai Land Department (DLD) has unveiled the region’s first tokenized property investment platform—Prypco Mint. Developed in partnership with Prypco, this initiative is supported by the Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE, and the Dubai Future Foundation, as part of the Real Estate Sandbox. Zand Digital Bank has been named as the banking partner for the pilot phase, making Dubai the first city in the MENA region to implement a licensed system for real estate tokenization.

A New Era for Property Investment Begins

The DLD has kicked off the pilot phase by launching the digital platform mint.prypco.com, allowing users to invest in premium Dubai real estate through fractional ownership. Initially open to UAE ID holders, the platform enables individuals to generate returns from high-quality assets. Plans are already underway to expand the platform internationally, further cementing Dubai’s role as a global innovator in digital real estate investment.

Affordable Entry Point for Individual Investors

This initiative allows individual investors to enter the property market with tokenized ownership starting at just AED 2,000. All transactions are conducted in UAE Dirhams, with no cryptocurrency involvement during the initial stage. Investors can access detailed information on properties, covering pricing, risks, technical specifications, and minimum contributions, ensuring a transparent and informed investment experience.

Strategic Partnerships Driving Tokenization Framework

At the core of this project is a strategic collaboration between DLD, Prypco, and Ctrl Alt Solutions. The partnership is designed to create a robust legal and operational framework for real estate tokenization in Dubai. Together, they aim to attract asset tokenization firms, promote awareness, enhance regulations, and safeguard investor interests. By 2033, tokenized assets could account for up to 7% of Dubai’s real estate market, potentially reaching AED 60 billion (USD 16 billion), with Prypco Mint leading the transformation.

Dual Regulation Ensures Trust and Transparency

The tokenization model is jointly regulated by the DLD, which oversees physical real estate, and VARA, which supervises digital assets. This coordinated regulatory model guarantees a secure, transparent, and integrated investment environment for all stakeholders.

Secure Banking Through the Client Money Account (CMA) System

To ensure investor protection, the Central Bank of the UAE oversees the banking framework tied to real estate tokenization. Funds are held in a Client Money Account and are only released once the token purchase is completed. This system enhances investor trust by safeguarding funds and enforcing clear transaction protocols.

Supporting Broader Strategic Visions for Dubai

This project aligns with the objectives of the Dubai Real Estate Strategy 2033 and the Dubai Economic Agenda D33, spearheaded by His Highness Sheikh Mohammed bin Rashid Al Maktoum. The goal is to solidify Dubai’s status as a global centre for innovation, investment, and digital economic transformation, making it the world’s premier city to live and work in.

Pilot Phase Focuses on Ready-to-Own Properties

The initial rollout is limited to fully developed properties, and only companies licensed by VARA are authorized to tokenize real estate assets. DLD is responsible for validating fair property pricing before listings go live. Currently, Prypco and Ctrl Alt Solutions are the approved entities, with plans to onboard more qualified players as the market matures.

Rental Yields and Long-Term Capital Gains

Investors will benefit from dual income streams—regular rental earnings and capital appreciation. Each tokenized stake is backed by a legal ownership certificate issued by the DLD, offering a hassle-free alternative to traditional property management while ensuring security and transparency.

Strengthening Dubai’s Position in PropTech Innovation

This tokenization initiative is part of the Real Estate Evolution Space Initiative (REES), introduced by DLD to elevate Dubai’s global standing in PropTech and AI. By fostering a supportive legislative environment and encouraging startups and talent to thrive, Dubai continues to lead the way in smart property investment and digital innovation.