Dubai is planning to enhance its real estate market by launching a blockchain-based platform that allows residents to invest in property through fractional ownership.

Backed by a government agency, the new system promises to digitize a significant share of the city’s booming property sector, potentially reshaping how real estate is bought and sold, the announcement by the Dubai government noted.

Fractional Ownership Starting at $540

The Dubai Land Department (DLD) unveiled the Prypco Mint platform, which was developed in collaboration with fintech startup Prypco and infrastructure provider Ctrl Alt.

The project uses blockchain technology to tokenize property title deeds and record them on the XRP Ledger, with full integration into official government property records.

In the platform’s initial phase, only UAE ID cardholders can invest, using dirhams. Entry costs begin at 2,000 AED, roughly $540, making property investment more accessible to retail investors.

According to the DLD, future phases will expand access globally and support more platforms. The launch is being overseen by the UAE Central Bank, Dubai’s Virtual Assets Regulatory Authority (VARA), and the Dubai Future Foundation’s Real Estate Sandbox.

Zand Digital Bank is the platform's banking partner. Authorities see this setup as a regulated sandbox that balances innovation with financial oversight.

XRP Ledger Selected for Technical Infrastructure

Ctrl Alt, the project’s infrastructure partner, selected the XRP Ledger to anchor the digital records. The company has directly integrated the system with DLD databases to ensure the blockchain entries remain consistent with traditional land registry records.

Dubai’s broader goal is to tokenize 7% of its real estate market by 2033. At current projections, this share would represent about $16 billion worth of property.

Tokenization involves using blockchain technology to record and transfer ownership of traditional assets such as real estate, bonds, or funds. Advocates say the model enables faster settlements and lower transaction costs while improving liquidity.

Global consultancies, including Ripple, BCG, and McKinsey, estimate that tokenized asset markets could grow into trillions over the coming years. By connecting legal real estate registries to decentralized networks, Dubai is offering a case study in how blockchain can intersect with traditional infrastructure.

Expect ongoing

Source: Finance Magnates