- Dubai Land Department has partnered with Crypto.com to launch a blockchain-based real estate tokenization initiative, enabling fractional ownership and crypto payments for property transactions.
- The move aligns with Dubai’s economic vision and positions the city as a global leader in smart real estate innovation.
Dubai has taken a bold step toward transforming its property market by partnering with global digital asset platform Crypto.com to tokenize real estate. Announced on July 7, 2025, the Dubai Land Department (DLD) signed a Memorandum of Cooperation with Crypto.com to establish a blockchain-based framework for property ownership, digital transactions, and tokenized assets.
This initiative aligns with Dubai’s Real Estate Strategy 2033 and the Dubai Economic Agenda D33, both designed to position the city as a global economic leader. The goal is to make real estate investment more accessible, transparent, and efficient, while contributing to Dubai’s ambitious AED 1 trillion real estate transaction volume target over the next decade.
Real Estate Tokenization and Crypto Payments
The partnership enables the tokenization and fractionalization of real estate assets, meaning property ownership can be split into digital tokens. These tokens allow investors—both retail and institutional, to buy fractional shares of properties without relying on traditional intermediaries.
Ownership is recorded and transferred securely on the blockchain, significantly reducing transaction friction and increasing transparency.
Key features of the agreement include:
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Tokenized property listings enabling fractional ownership
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Secure digital custody and investor identity verification
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Cryptocurrency payments for real estate purchases, convertible into UAE dirhams
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Crypto-based payments for real estate-related government services
Crypto.com will act as the technical backbone of the project, supplying the infrastructure for token issuance, blockchain-based payments, transaction processing, and analytics. The DLD will retain regulatory oversight and ensure compliance with legal frameworks.
Building on Dubai’s Blockchain Momentum
This partnership builds on the DLD’s prior success with PRYPCO, which launched Prypco Mint—the MENA region’s first tokenized real estate platform under regulatory supervision. That pilot program demonstrated the feasibility of tokenized real estate, with two successfully listed assets, and now sets the stage for broader implementation.
By integrating blockchain and crypto payments into the real estate sector, Dubai is setting new global benchmarks for smart city innovation. The benefits are far-reaching: lower costs, reduced fraud, faster transactions, and enhanced investor access to traditionally exclusive markets.
This marks the first time a real estate registration authority in the Middle East has committed to full-scale tokenization and crypto integration. It reflects Dubai’s commitment to progressive regulatory policy and its readiness to lead on emerging technologies.
As global real estate markets begin to embrace digital transformation, Dubai’s model, combining government leadership with cutting-edge tech from partners like Crypto.com, offers a roadmap for how cities can modernize property investment and ownership in the digital age.