Dubai Land Department (DLD) is tokenizing property for the first time in the Middle East and integrating blockchain technology with traditional property deeds.
The project aims to simplify and enhance buying, selling, and investment processes, making real estate investing easier for people to do.
The use of digital tokens will allow fractional ownership, increasing asset liquidity and democratizing access to the real estate market.
Dubai's initiative aims to attract technology firms, promote transparency, and enable a wider pool of investors to participate in large-scale real estate projects.