In a groundbreaking move that cements Dubai’s position as a global leader in property innovation, the Dubai Land Department (DLD) has officially launched the region’s first licensed tokenized real estate investment platform, Prypco Mint.
The pilot project, developed in collaboration with fintech firm Prypco and in partnership with the Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE, and the Dubai Future Foundation (DFF), marks a significant milestone in the digital transformation of the real estate sector.
Zand Digital Bank has been appointed the exclusive banking partner for the pilot phase, further reinforcing Dubai’s commitment to integrating advanced financial infrastructure into property investment.
The initiative is hosted within the DFF’s Real Estate Sandbox, a regulatory and innovation testbed that supports the development of next-generation property technologies.
A new era of real estate investment
The newly launched digital platform, available at mint.prypco.com, enables individual investors to purchase tokenized shares in premium, ready-to-own properties in Dubai.
With a minimum investment starting from just AED 2,000, the initiative aims to democratize access to the emirate’s booming real estate market. Initially available only to UAE ID holders, the platform is expected to expand globally in future phases.
All transactions in the pilot phase are conducted exclusively in UAE Dirhams, with no use of cryptocurrencies, ensuring compliance and stability during the platform’s rollout.
Investors receive detailed property data — including pricing, risk assessments, and technical specifications — before committing funds, fostering transparency and informed decision-making.
Transforming regulation and market access
This landmark project is the result of a strategic alliance between DLD, Prypco, and Ctrl Alt Solutions, with a shared goal of developing a robust regulatory and operational framework for real estate tokenization.
By integrating the oversight of both DLD and VARA, the initiative ensures a secure, transparent investment environment that protects investor rights while promoting market innovation.
To safeguard investor funds, the Central Bank of the UAE oversees the use of Client Money Accounts (CMAs). This structure ensures that investments are held securely and only transferred upon successful transaction completion, enhancing financial integrity and investor confidence.
Supporting Dubai’s long-term vision
The tokenized real estate initiative aligns closely with the Dubai Real Estate Strategy 2033 and the broader Dubai Economic Agenda D33, both of which aim to strengthen Dubai’s role as a global economic powerhouse.
By attracting cutting-edge international firms and supporting innovation in smart real estate solutions, the project contributes to Dubai’s ambition of becoming the world’s best city to live and work.
The platform is currently limited to tokenized investment in completed residential properties, with participation restricted to companies licensed by VARA.
The DLD also ensures fair property pricing before listing, maintaining high standards of transparency. The pilot phase includes authorized firms Prypco and Ctrl Alt, with plans to onboard more qualified players as the market matures.
Dual returns and legal ownership
Investors will benefit from both rental yields and long-term capital appreciation, backed by legally documented fractional ownership certified by the Dubai Land Department. This structure offers all the financial benefits of real estate investment without the complexities of direct property management.
The initiative forms a key part of the DLD’s Real Estate Evolution Space (REES), which aims to position Dubai as a global hub for proptech and artificial intelligence (AI) in real estate.
Through REES, Dubai is fostering a dynamic, digitally integrated property ecosystem that attracts top talent, cutting-edge startups, and forward-looking investors.
Looking ahead
With tokenized assets expected to account for up to 7 percent of Dubai’s real estate market —valued at AED 60 billion ($16 billion) — by 2033, the Prypco Mint platform is poised to play a central role in this transformation.
As the pilot progresses, Dubai is not just embracing digital innovation — it is actively defining the future of real estate investment.
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