The Dubai Land Department has integrated blockchain technology into real estate through its latest pilot launch of the “Real Estate Tokenization” project. This allows investors to have fractional ownership of properties through tokenized assets, diversifying property ownership.
The DLD anticipates the tokenization market for real estate will reach AED 60 billion by 2033, accounting for 7% of all real estate transactions in Dubai.
Following the pilot launch this year, the DLD will evaluate the project’s outcomes and strive to refine it before full-scale implementation.
