Backed by DLD, VARA, and the UAE Central Bank, the pilot project opens doors to fractional property investment starting at just Dhs2,000
In a groundbreaking move for the region’s property and fintech sectors, the Dubai Land Department (DLD) has officially launched the Middle East and North Africa’s first tokenised real estate investment platform, ‘Prypco Mint’. The initiative, introduced under the emirate’s Real Estate Sandbox programme, marks a transformative step toward democratising property ownership through innovative financial technology.
Developed in collaboration with Prypco, and supported by the Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE, and the Dubai Future Foundation, the platform aims to redefine real estate accessibility, especially for smaller investors. Zand Digital Bank has been appointed as the official banking partner for the pilot phase.
A New Era of Accessible Real Estate Investment
Prypco Mint enables users to invest in tokenised shares of ready-to-own properties in Dubai, with a minimum investment threshold of just Dhs2,000. These digital tokens represent fractional ownership of real estate assets, allowing individuals to reap the benefits of rental income and capital appreciation without the need for full property acquisition.
Currently, investments are accepted exclusively in UAE dirhams, and cryptocurrencies are not permitted during the pilot phase. Participation is also limited to UAE ID holders, though future phases will expand to global investors.
DLD, along with VARA and the Central Bank, will oversee investor funds and ensure full regulatory compliance, fostering a secure and transparent environment for tokenised asset transactions.
Built on Trust, Technology, and Regulation
“This initiative is designed to open the market to small-scale investors by providing access through a regulated and transparent investment framework,” said DLD in a statement.
All tokenised offerings must originate from companies licensed by VARA. As of now, Prypco and Ctrl Alt Solutions are the two authorised firms permitted to offer tokenised properties during the pilot.
A dedicated Client Money Account (CMA), regulated by the Central Bank of the UAE, is being used to safeguard investor funds until transactions are completed, further bolstering investor protection.
Detailed Property Insights for Informed Decisions
The platform not only facilitates investment but also empowers users with comprehensive data. Investors can access detailed property profiles, including pricing, technical specifications, and risk assessments, helping them make fully informed decisions.
This initiative is the result of a strategic partnership between DLD, Prypco, and Ctrl Alt Solutions, with a shared mission to create a regulatory and operational framework that nurtures innovation while preserving investor rights.
A Vision for the Future of Real Estate
Tokenised real estate is projected to represent 7 per cent of Dubai’s property market by 2033, amounting to a market value of approximately Dhs60 billion ($16 billion). The move supports the long-term objectives of both the Dubai Real Estate Sector Strategy 2033 and the Dubai Economic Agenda D33, which aim to solidify Dubai’s position as the world’s smartest city for real estate investment.
This project also falls under the Real Estate Evolution Space Initiative (REES), which is advancing the integration of proptech and artificial intelligence in real estate services.
As Dubai continues to pioneer the future of property technology, ‘Prypco Mint’ stands as a testament to the city’s unwavering drive toward innovation, accessibility, and global investment leadership — making property ownership not just a dream for the few, but an opportunity for the many.
