Dubai continues its commitment in the digitization of its land market by launching an ambitious project for the tokenization of real estate. This initiative, carried by the Dubai Land Department, aims to integrate blockchain technology into the property and real estate transaction processes.
Dubai Tokenise Real Estate Property
The Dubai Land Department (DLD) announced The launch of the pilot phase of its real estate tokenization projectan unprecedented initiative in the region which aims to put the blockchain at the heart of the real estate market.
In partnership with the Dubai Future Foundation (DFF) and the Virtual Assets Regulatory Authority (Vara), the DLD thus becomes the first land regulation organization in the Middle East in Use the blockchain to record property titles.
👉🏻 What is token and what sectors transform?
According to the projections of the DLD, the tokenized real estate market could reach 60 billion dirhams (about 15 billion euros) by 2033representing 7 % of the real estate transactions of the emirate.
Among the major objectives of the project, We find the attraction of specialized technological companies on blockchainthe diversification of forms of ownership by co -detention, the strengthening of Dubai's international competitiveness, as well as the promotion of greater transparency and a culture of innovation in a sector hitherto relatively closed.
The tokenization fundamentally transforms the methods of purchase, sales and investment in real estate.
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A project in line with Dubai's economic ambitions
The Tokenization project is fully integrated into the objectives of the Dubai Economic Agenda D33, which aims to make the region a global pole of the digital economy. The adoption of major real estate technologies, such as blockchain or artificial intelligence, allows Dubai to build a long -term sustainable and competitive economy.
The pilot phase launched in 2025 will test the model, identify any operational obstacles And adjust technological tools before a global deployment. The DLD already plans to capitalize on experience feedback to refine the process and guarantee fluid adoption by all market players.
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Although the tokenization of tangible assets is still in the growth phase, several analysts, including those of McKinsey, believe that it could prove slower than expectedespecially for the real estate sector.
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Source : DLD
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Maxime discovered the world of finance and very young investment before launching from the age of 18 years. His passion for financial assets and new opportunities offers him a good vision of the current economy as well as emerging trends.
Maxime Montlet
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