Dubai has officially moved beyond pilot testing, with secondary market trading of 7.8 million real estate tokens going live on February 20, 2026, via PRYPCO Mint’s regulated framework.
The Dubai Land Department (DLD) has officially launched Phase 2 of its Real Estate Tokenization Project. For the first time, investors holding fractional ownership in properties can buy, sell, and transfer their shares on a live secondary market through the PRYPCO Mint App, available 24/7.
Trading is now operating under a regulated framework developed in collaboration with the Virtual Assets Regulatory Authority (VARA), the Dubai Future Foundation, and the Central Bank of the UAE.
Each token is directly linked to a DLD-registered title deed and denominated in UAE dirhams — not cryptocurrency — ensuring transparency and regulatory clarity. Sellers may list their holdings within a ±15% range of the property’s current valuation as displayed in the app.
The DLD’s move to activate secondary trading comes after nine months of pilot testing, conducted from March 2025 to February 2026.
The record-breaking 1 minute 58 second sell-out involved a 1-bedroom apartment in Kensington Waters, valued at AED 1.5 million. The listing attracted 149 investors from 35 nationalities, with more than 10,700 additional investors on the waitlist.
Previously, PRYPCO Mint’s inaugural listing — a 2-bedroom apartment in Damac Prive Tower, Business Bay, priced at AED 2.4 million — drew 224 investors from 44 nationalities and sold out within 24 hours.
Just three days ahead of the secondary market launch, Dubai-based fractional real estate platform Stake closed a $31 million Series B round, led by Emirates NBD, with participation from Mubadala Investment Company, Property Finder, and Ellington Properties.
The platform has received in-principle approval from VARA and continues to advance regulated real estate tokenization. With this latest round, Stake’s total funding now stands at $58 million.
WHY IT MATTERS
Phase 2 is open to UAE residents aged 18 and above with a valid Emirates ID. The minimum investment starts from AED 2,000, and the PRYPCO Mint App is currently the only authorized platform for trading. Access for international investors is planned for a future phase, though no official timeline has been announced.
The initiative aims to tokenize assets equivalent to 7% of Dubai’s total real estate market by 2033 — approximately USD 16 billion — aligning with the Dubai Real Estate Sector Strategy 2033 and UAE Vision 2071.
Leave a Request and We'll Get Back to You Soon!
1
Loading...