From government-backed platforms to billion-dollar developer deals — every major entity building Dubai's tokenized property ecosystem.
MENA's first licensed real estate tokenization platform. Government-backed partnership with DLD. Founded by Amira Sajwani. Backed by General Catalyst. Phase 1: 5 properties funded, 1,025 investors from 69 nationalities, AED 18.5M invested. One property funded in 1 minute 58 seconds.
DLD's designated tokenization infrastructure provider. $295M+ in tokenized assets across real estate, private credit, funds, and litigation finance. Built on XRP Ledger with direct DLD system integration for blockchain-to-registry synchronization.
Digital real estate investment platform with VARA in-principle approval (January 2026) for virtual asset broker-dealer services. Focus on tokenized real estate investment opportunities. Expected to be added as additional DLD-approved platform.
Hussain Sajwani's multi-billion dollar conglomerate tokenizing RE, hospitality, and data center assets on MANTRA Chain (Layer 1 for RWAs, VARA VASP licensed). DAMAC accepted crypto payments since 2022.
Upgraded from initial $500M MANTRA deal to $10B mandate with Mavryk Network and MultiBank Group. Properties include The Ritz-Carlton Residences Dubai Creekside and Keturah Reserve (Meydan). Exclusive GCC blockchain partner.
Government-backed initiative targeting 7% of Dubai's RE market by 2033. Phase 1 complete. Phase 2 secondary market live Feb 20, 2026. DLD plans to onboard additional platforms beyond PRYPCO.
Layer 1 for RWAs. VARA VASP license. $1.5B+ in announced deals. EVM-compatible.
Purpose-built L1. MAG's exclusive GCC partner. $10B pipeline. Institutional-grade.
ERC-3643 standard. Apex Group partnership. Institutional fund tokenization.
Banking partner for PRYPCO Mint pilot. AED-denominated transactions.
5 properties funded via PRYPCO Mint in Phase 1. AED 18.5M total investment. 1,025 investors. 69 nationalities. 68% first-time real estate buyers.
Dubai stands at the intersection of three converging forces: the world's most dynamic luxury real estate market, the first purpose-built virtual asset regulatory framework (VARA), and a government land registry actively piloting blockchain-based title transfers.
This convergence positions Dubai as the global epicenter for institutional-grade tokenized real estate — a market Deloitte projects will reach $4 trillion globally by 2035, with Dubai capturing a disproportionate share due to its regulatory clarity, tax advantages, and Gulf mega-project capital flows.
VARA + ADGM + DLD blockchain registry = the world's most complete tokenized RE governance stack.
UAE's 0% capital gains tax on property + no income tax creates the highest net-yield environment globally for tokenized RE investors. See UAE Government portal.
Dubai's 2025 property market hit AED 761B in transactions — the liquidity base that makes tokenized fractional ownership commercially viable at scale.
AED 2M property investment = 10-year Golden Visa. Tokenized ownership structures are under review for visa qualification — a potential 10x demand catalyst.
The world's first independent virtual asset regulator. Governs tokenization platforms, custodians, and exchanges operating in Dubai through 7 licensed activity categories.
Dubai's official property registry has launched a blockchain-based title transfer pilot. This creates the legal bridge between on-chain token ownership and off-chain property rights.
Complementary framework through the Financial Services Regulatory Authority. Particularly relevant for tokenized fund structures, institutional vehicles, and SPV-based property tokenization.
Cross-reference governance with our sister platforms:
On May 19, 2025, VARA updated all twelve of its Rulebooks, formally creating the Asset-Referenced Virtual Assets (ARVA) classification — the world's first purpose-built regulatory framework for tokenized real-world assets including real estate.
ARVAs are classified as Category 1 — the highest regulatory oversight level. Requires full VARA licensing, mandatory whitepaper, risk disclosure, and prior VARA approval before issuance. Applies to any token representing direct or indirect ownership of real-world assets.
VA Issuance Rulebook →ARVA tokens require continuous reserve verification with licensed custodians. Reserves must be segregated from issuer's assets, subject to quarterly audits, and maintain documentation for 8+ years. Redemption rights must be clearly stated in whitepaper.
ARVA Issuance Rules →30-day transition period from May 19 publication. All licensed VASPs required full compliance by June 19, 2025. Non-compliance: fines and license suspension. Enhanced AML/CTF with quarterly client risk assessments.
VARA Official →| JURISDICTION | FRAMEWORK | RE TOKENIZATION | STATUS |
|---|---|---|---|
| Dubai (VARA) | ARVA Rules (May 2025) | Title deed tokenization on DLD registry | Live · Phase 2 |
| Abu Dhabi (ADGM) | FSRA Fund Framework | SPV-based fund tokenization | Active |
| EU | MiCA (Jan 2025) | ART classification — limited RE-specific rules | Framework Only |
| Switzerland | DLT Act / FINMA | Blockimmo pioneer — limited scale | Pilot |
| Singapore | MAS Digital Asset Framework | Project Guardian — institutional focus | Sandbox |
| United States | SEC / Reg D exemptions | Aspen St. Regis tokenization (2018) | Fragmented |
Dubai is the only jurisdiction globally with government-backed title deed tokenization live on a public blockchain. Sources: VARA, ESMA, MAS, SEC
Hussain Sajwani's conglomerate signs landmark agreement with MANTRA Chain to tokenize RE, hospitality, and data center assets.
Real Estate Evolution Space Initiative launches, testing regulatory, legislative, and technical frameworks for title deed tokenization. First RE registration authority in the Middle East to use blockchain.
May 19: VARA 2.0 launches ARVA framework across all 12 rulebooks.
May 25: PRYPCO Mint goes live — first tokenized property funded in 24 hours by 224 investors from 40+ nationalities.
May 26: Ctrl Alt confirmed as DLD's tokenization infrastructure partner. First property token ownership certificate issued.
MAG Group switches from MANTRA to Mavryk Network + MultiBank Group. Deal expanded 20× to $10B. Ritz-Carlton Residences Dubai and Keturah Reserve as anchor properties.
Dubai Hills property ($653K) attracts 326 investors from 51 nationalities, ~50% returning. 14.39% instant appreciation. Highest investor count for single tokenized property.
Stake RWA FZE secures VARA IPA for virtual asset broker-dealer services. Expected as additional DLD-approved tokenization platform.
7.8 million real estate tokens tradeable on PRYPCO Mint marketplace. Regulated resale under VARA. First secondary market for tokenized property in MENA.
Transaction data, regulatory updates, and institutional deal flow — delivered every Tuesday. Sourced from DLD, VARA, Deloitte, and S&P Global.
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