Dubai’s First Tokenised Property Fully Funded Within 24 Hours
In a landmark achievement for digital real estate investment, Dubai’s first tokenised property was fully funded within just one day of its launch. The project drew the attention of 224 investors from over 40 different nationalities, with the average individual investment amounting to Dh10,714.
The breakthrough initiative was launched on May 25 by the Dubai Land Department (DLD) in partnership with the Virtual Assets Regulatory Authority (VARA), Central Bank of the UAE, and Dubai Future Foundation (DFF), under the umbrella of the Real Estate Sandbox. The investment was facilitated through Prypco Mint, a blockchain-based platform by Prypco, which enables fractional ownership of premium Dubai properties via digital tokens.
Amira Sajwani, founder and CEO of Prypco, hailed the rapid funding as a clear indicator of strong market appetite:
“To see our first property fully funded in just a day reflects not only the strength of the concept but also a clear market demand for smarter, more accessible investment solutions. It’s a strong step forward in enabling Real Estate Freedom for all.”
The platform operates on Ctrl Alt’s Web3 infrastructure, converting physical property into secure digital tokens. Each token is backed by a legally recognized Property Token Ownership Certificate issued by the DLD, granting holders rights similar to traditional property ownership. These rights include access to rental income, potential capital appreciation, and enhanced liquidity, while removing the administrative complexities typically associated with real estate.
At present, only individuals holding an Emirates ID are eligible to invest in tokenised real estate through the platform. However, Prypco has confirmed that the opportunity will soon be opened to global investors.
The tokenised model offers a low entry point for real estate investment, with token purchases starting from Dh2,000, significantly broadening access to Dubai’s lucrative property market.
According to market projections, tokenised assets are expected to represent up to 7% of Dubai’s real estate market by 2033, translating into a market value of Dh60 billion.
This move is part of a broader initiative by Dubai to position itself as a global leader in blockchain integration, fintech innovation, and digitally accessible investment ecosystems.
