Dubai advances real estate tokenization project, activates secondary trading for 7.8 million property tokens
Dubai's Land Department activated secondary trading for 7.8 million real estate tokens on February 20 as part of Phase II of its tokenization project.Summary
The Dubai Land Department (DLD) has launched Phase II of its Real Estate Tokenization Project, enabling the secondary market resale of approximately 7.8 million property tokens starting February 20. This phase moves the project beyond the pilot stage into an operational framework to assess market efficiency, transaction integrity, and investor protection under regulatory supervision. Developed in collaboration with the Virtual Assets Regulatory Authority and other bodies, the initiative tokenizes fractional stakes in properties, denominated in UAE dirhams rather than cryptocurrencies, to maintain alignment with the conventional financial system while using distributed-ledger technology. The DLD views this as a long-term strategic effort to position Dubai as a hub for advanced property-market technologies, supporting the Dubai Real Estate Sector Strategy 2033 and the Dubai Urban Plan 2040.
(Source：Crypto Briefing)