Dubai is advancing its blockchain-based tokenization project to democratize real estate access and boost global investor participation.
The Real Estate Tokenization Project aims to convert physical assets into digital tokens on blockchain platforms, enabling fractional ownership and attracting smaller stakeholders.
The project is part of Dubai's Real Estate Strategy 2033, and the pilot phase is being carried out by the Dubai Land Department, Virtual Assets Regulatory Authority, and Dubai Future Foundation.
Private sector entities like DAMAC Group are also embracing real estate tokenization in Dubai.