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.

Also Read: ExecuJet Middle East Expands Ultra-Long-Range Jet Fleet

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.