: In a milestone movement that strengthens the leadership of Dubai in the real estate sector and the advanced technologies of the real estate is used to promote real estate investments, Dubai Land Department (DLD) your platform. The initiative is implemented in collaboration with PRYPCO, in collaboration with the Virtual Assets Regulatory Authority (ROD), the central bank of the United Arab Emirates and the Dubai Future Foundation (DFF) via the Sandbox in Real Estate. Zand Digital Bank has been appointed as the banking partner for the pilot phase of the project and positions Dubai as the first city in the Mena region that takes on a permit platform for real estate tokenization.
Dubai Land Department has officially launched the pilot phase of investments in tokenized real estate, so that the activation of the digital platform is marked mint.prypco.com. The platform enables users to generate returns and to possess a share in a prime real estate project in Dubai. Currently available exclusively for holders of the VAE ID, the platform will expand worldwide in the near future, with additional platforms that have to be integrated into later Fazes, so that Dubai’s position as a global hub for innovation in Tokenized real estate is continuing.
Innovative investment options for individuals
The project offers individual innovative investment options through the purchase of Tokenized shares in ready-made property in Dubai, starting with only 2,000 AED. All transactions are executed exclusively in the VAE Dirhams, without the use of cryptocurrencies during the pilot phase. Through the platform, investors have access to extensive real estate details, ranging from prices, risk factors and technical specifications to the required minimum investment, thereby making full transparency and reported decision -making.
This initiative stems from a strategic partnership agreement between Dubai Land Department, PRYPCO and Ctrl Alt solutions, aimed at developing an innovative regulatory and operational framework for tokenization of real estate. The partnership focuses on strengthening legislation, promoting knowledge, attracting specialized assets to -kenization companies and supporting innovation, while the rights of investors are safe. As the market continues to evolve, tokenized assets are a project for 7% of Dubai’s real estate market by 2033, which corresponds to a value of AED 60 billion (USD 16 billion). PRYPCO MINT is ready as the cornerstone of this transformion.
Ensuring integrated and transparent regulation
The real estate sizing project is jointly managed by the Dubai Land Department, as a regulator of physical real estate activa and the Virtual Assets Regulatory Authority (VARA), as the regulatory body for digital assets. This collaboration introduces an integrated and transparent regulatory framework for this new and innovative model of real estate investments.
In the current phase, the Central Bank of the United Arab Emirates plays a crucial role in the supervision of the opening of business accounts related to real estate disease This is the client account (CMA) system. This special bank structure is designed to protect investor funds. According to this system, the funds of investors are deposited in the CMA and are not transferred to the tokenization company that the purchasing process has been fully completed, thereby improving security and maximum transparency is increased.
Individual access to the market from investors to the market
This project comes as part of the DLD’s efforts to achieve the objectives of the Dubai Real Estate Strategy Sector 2033, which aims to strengthen the global leadership of Dubai in this vital sector by strengthening partnerships with the private sector the private sector and the dudative of the dubai international companies, his Excite with the delay’s elemente. High -Mohammed binhammed binhammed binhammed binhammed binhammed bin Rashham. President and Prime Minister of the VAE, and ruler of Dubai, who wants to stimulate a transformational projection projection. The world’s best city to live and work, through a fully integrated digital economy that improves the position of the emirate as a global hub for smart real estate investments.
The first phase of the project is exclusively limited to ready-made property and tokenization is only permitted on Ony Throch companies with a permit from the Virtual Assets Regulatory Authority. Dubai Land Department is responsible for revising and validating the fairness of the prices of real estate before a list on the platform is approved. The pilot phase includes two authorized companies, PRYPCO and Ctrl Alt with plans to open the market for extra qualified companies in the future, to support the growth of this emerging sector.
Rental and capital returns
Investors will benefit from both the rent and capital valuation as a result of the valuation of the property, while they have issued a legal documed property share by the Dubai Land Department – which invades a transparent and safe investment experience without the complexity of traditional real estate management.
This project is part of the Real Estate Evolution Space Initiative (Rees) previously launched by Dubai Land Department, which wants to position Dubai on the global map for proptech and artificial intelligence. The initiative promotes a flexible legislative environment and finds the attraction of talent and startups in this vital sector, which further improves the worldwide competitiveness of Dubai.
