Property Stake Resales Permitted in New Project Phase

Dubai is launching Phase II of its Real Estate Tokenisation Project, enabling secondary market trading of digital assets starting February 20. This move marks a shift from pilot testing to operational execution, aiming to integrate digital assets into the property market. The initiative seeks to prepare the market for wider adoption of advanced digital solutions while maintaining oversight, transparency, and investor protection.

Phase II will facilitate resale activity with approximately 7.8 million real estate tokens available for trading under a controlled pilot framework. The primary goal is to assess market efficiency, operational readiness, transparency, governance standards, and investor rights protection. Data gathered from this phase will inform future decisions regarding project expansion, ensuring alignment with existing laws and regulations.

The Real Estate Tokenisation Project aligns with Dubai's Real Estate Sector Strategy 2033, focusing on market balance, digital enablement, and enhancing the investor experience. Tokenization is expected to broaden access to real estate investment and boost the sector's contribution to Dubai's GDP, reinforcing its position as a global real estate investment hub. It also supports the UAE Vision 2071, fostering a diversified, sustainable economy driven by innovation.

The Dubai Land Department is collaborating with VARA and technical partners to develop regulatory and technical standards for future phases. The department is also exploring expanding participation and onboarding additional platforms, subject to regulatory approval. The long-term objective is to create an integrated digital real estate ecosystem that supports market efficiency, investor confidence, and Dubai's status as a testing ground for advanced real estate technologies.