Dubai Launches First Blockchain-Based Property Investment Platform In The Middle East

JAKARTA - The Dubai Land Department (Dubai Land Department/DLD) has launched its first tokenization property investment platform in the Middle East region, named Prypto Mint.

This property tokenization will convert physical assets into blockchain technology-based digital tokens. Each token represents a fractional part of the property, allowing anyone to invest according to their financial capacity, without the need to buy entire property.

According to a Gulf News report on May 25, this pilot project allows individuals to start investing in properties with capital ranging from 2,000 Dirhams (approximately IDR 8 million), and is currently only available to UAE citizens with legal Emirates ID.

This initiative is carried out in collaboration with Prypto and Ctrl Alt, and is supported by the Virtual Asset Regulatory Authority (VARA), the Central Bank of the UAE, and the Dubai Future Foundation. The Zand Digital Bank was appointed as a banking partner for the initial phase.

Users can buy fractional ownership of ready-to-live properties in Dubai through the digital platform mint.prypto.com. At this early stage, transactions only use the UAE Dirham, without involving crypto payments.

Investor funds will be stored in a special account directly supervised by DLD, VARA, and Central Bank, and will only be disbursed after the entire transaction process is complete.

While currently limited to UAE citizens, global expansion and support for more platforms have been planned for the upcoming phase.

In contrast to traditional crowdfunding models, tokenization offers a more transparent, regulated, and technology-based approach, expanding access to property investment for small and novice investors.