Marketplace Launches for Property Stake Trading in Dubai

Dubai is launching a regulated marketplace on February 20th for the secondary trading of tokenized real estate, marking a significant step in its real estate tokenization initiative. This platform, built on the PRYPCO Mint App, allows investors to buy, sell, and transfer digital property stakes, offering 24/7 trading within a regulated environment. The move follows a successful pilot phase and introduces live buy-and-sell functionality for fractional real estate ownership.

The marketplace, developed in partnership with the Dubai Land Department and under the supervision of the Virtual Assets Regulatory Authority (VARA), aims to address liquidity challenges in real estate investment. Tokenization divides a property into digital tokens, representing proportional economic interests linked to the title deed. This allows for the transfer of fractional property stakes without selling the entire asset, providing potential exit routes for investors. The platform's launch follows a pilot phase that attracted investors from over 50 nationalities and facilitated over Dh18.5 million in tokenized property investments.

Access to the marketplace is currently limited to UAE residents aged 18 and above with a valid Emirates ID, ensuring compliance with local property ownership rules. The secondary market is designed to allow regulators to monitor pricing, transaction volumes, and investor behavior in real-time. This controlled environment will inform future decisions on expanding tokenized property trading to additional assets or investor categories.

This initiative represents a key milestone in Dubai's real estate innovation roadmap. The focus remains on measured execution, regulatory oversight, and data-driven assessment to evaluate how tokenized real estate functions beyond the pilot stage. The platform serves as an additional infrastructure layer, integrating land registration, digital assets, and transaction governance, with the potential to improve transparency and efficiency in property transactions.