- Investors can fractionally own property in Dubai from as low as AED 2,000 or $544.
- The tokenization is expected to unlock up to AED 60 billion or $16 billion in property value by 2033..
The Dubai Land Department (DLD) has partnered with Ctrl Alt to introduce tokenized real estate using the XRP ledger. The initiative aims to facilitate digital property ownership via the PRYPCO mint platform, from as little as $544, and ensure full regulatory compliance.
With DLD’s involvement, this project is projected to tokenize AED 60 billion in property value by 2033, accounting for about 7% of all real estate transactions in Dubai.
Matt Ong, Ctrl Alt’s Chief Executive Officer, said in a statement, “We’ve been working closely with the DLD on this project for some time, and we’re delighted to be taking this major step together to bring real estate investment to a wider audience. As experts in the space, we are proud to create the tokenization infrastructure that enables DLD’s partners to offer fractional real estate to investors. Dubai’s leadership in embracing next-generation financial technologies is truly world-class, and this project is a powerful signal of what’s to come.”
According to Ctrl Alt, this move will boost market liquidity and create more opportunities for smaller investors by allowing them to access high-value assets.
See Related: Switzerland’s Central Bank Pilots Tokenization To Modernize Finance
Dubai Positioning Itself For Real Estate Revolution
The real estate tokenization happens when Dubai is positioning itself as a global leader in blockchain technology. The tokenization began in 2025, when DLD, in collaboration with Virtual Assets Regulatory Authority (VARA) and Dubai Future Foundation (DFF), launched a pilot program to tokenize property.
Once successful, the fractional ownership is expected to reduce entry barriers into Dubai’s real estate, while providing a regulatory backing.
