Glossary
Comprehensive glossary of terms used in tokenized real estate market intelligence — from blockchain concepts to Dubai property terminology.
Capitalization Rate (Cap Rate)
Net operating income divided by property value, the fundamental valuation metric for real estate investments including tokenized positions.
Distributed Asset Value
The total value of tokenized real-world assets actively circulating on blockchain networks, measured at $27.14 billion as of March 2026.
ERC-1404 Restricted Token Standard
An Ethereum token standard that enables programmable transfer restrictions, used for compliant securities including tokenized real estate.
Fractional Ownership Through Tokenization
The division of property ownership into small, affordable token units that can be purchased independently, enabling investment from as low as $50.
Net Asset Value (NAV) in Tokenized RE
The per-token value calculated by dividing total property value minus liabilities by the total number of outstanding tokens.
Secondary Market for Tokenized RE
The marketplace where previously issued tokenized property tokens trade between investors, enabled by DLD Phase II from February 2026.
Smart Contracts in Real Estate
Self-executing programs on blockchain networks that automate property token issuance, rental distribution, transfer compliance, and secondary market trading.
Stablecoin Settlement
The use of dollar-pegged digital currencies (USDT, USDC) as the settlement medium for tokenized real estate transactions.
Tokenized Real Estate
The process of representing ownership interests in real property as digital tokens on a blockchain network, enabling fractional ownership, programmable compliance, and on-chain settlement.
Tokenized Risk-Free Rate
The yield on treasury-backed tokens (BUIDL at 3.46%, USDY at 3.55%) that serves as the benchmark for evaluating all tokenized investment returns.