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Dubai’s PRYPCO Mint Is MENA’s First Tokenized Real Estate Project
Dubai Land Department has partnered with PRYPCO to launch the tokenization platform offering fractional property investment starting from AED 2,000.
Dubai has taken a major leap in real estate innovation with the launch of the MENA region’s first tokenized property investment project, initiated by the Dubai Land Department (DLD) in collaboration with PRYPCO. The platform, known as PRYPCO Mint, was unveiled as part of a pilot program that enables fractional investment in prime Dubai real estate, with participation starting from just AED 2,000.
This pioneering move is supported by the Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE, and the Dubai Future Foundation. The initiative reflects the UAE’s growing focus on digital infrastructure and regulatory innovation, with Zand Digital Bank appointed as the banking partner for the pilot phase.
Accessible at mint.prypco.com, the platform currently accepts only UAE ID holders and transacts exclusively in UAE Dirhams, with no cryptocurrencies involved during the pilot. Investors can view detailed property data including pricing, technical specifications, risk profiles, and expected returns. Each investment is backed by legally documented ownership issued by the DLD, offering a transparent, secure, and hassle-free entry into the real estate market.
The project stems from a strategic alliance between DLD, PRYPCO, and Ctrl Alt Solutions, aiming to create a clear legal and operational framework for asset tokenization. Tokenized assets are expected to make up up to 7% of Dubai’s real estate market by 2033, potentially representing AED 60 billion (USD 16 billion) in value.
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Oversight is shared between the DLD and VARA, ensuring coordination between physical and digital asset regulation. The Central Bank adds an extra layer of protection through its Client Money Account (CMA) system, where investor funds are held in escrow until purchases are finalized, ensuring full transactional transparency.
In its pilot phase, the project is restricted to ready-to-own properties and limited to licensed tokenization firms — currently PRYPCO and Ctrl Alt — with plans to onboard more as the framework matures. Investors benefit from both rental income and capital appreciation, without the traditional burdens of property management.
The initiative signals a new chapter for real estate investment in the region, combining digital efficiency with regulatory rigor to unlock broader access and long-term economic value.
News
UAE-Built Falcon-H1 Arabic Leads LLM Benchmarks
The lean Emirati-built language model beats larger global systems and puts Arabic at the center of training.
Abu Dhabi’s Technology Innovation Institute has released an Arabic-first large language model that tops global test boards, an uncommon edge for a region long served by English-centric systems.
Falcon-H1 Arabic comes in 3B, 7B and 34B versions. The flagship posts 75.36% accuracy on comprehensive Arabic tasks and ranks first on the Open Arabic LLM Leaderboard. It also outperforms Meta’s Llama-70B and Alibaba’s Qwen-72B while using less than half their parameters. The smallest model beats Microsoft’s Phi-4 Mini by ten percentage points on equivalent benchmarks.
Arabic remains hard territory for AI. Flexible word order, dense morphology and constant switching between regional dialects and Modern Standard Arabic leave many global models missing context or tone. Academic research has pointed to a shortage of annotated datasets for dialect and informal speech. The impact shows up in classrooms, call centers and government portals where Arabic chatbots lag their English counterparts.
TII trained Falcon-H1 Arabic on formal writing, dialects and culturally grounded content. Beyond scores, it handles practical use: long conversations, reasoning rather than literal translation, and inputs of up to 192,000 words — enough for medical records or legal filings.
“The aim is innovation that is accessible, relevant, and impactful,” said Faisal Al Bannai, Adviser to the UAE President and Secretary-General of the Advanced Technology Research Council.
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Arabic is spoken by more than 450 million people across over 20 countries, yet has often been treated as a secondary language for foundation models. The UAE move signals a push to flip that logic and build Arabic-native stacks rather than wait for global systems to improve.
Falcon models have led their categories since 2023. With H1 Arabic, TII is offering free access via chat.falconllm.tii.ae for developers, media, healthcare and public-sector users looking to automate in natural Arabic.
As the region continues to invest in sovereign computing and data localization, the addition of Falcon-H1 Arabic adds a powerful tool built for the native language, instead of an afterthought attached to an English-trained system.
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