Dubai Land Department (DLD), the UAE’s government real estate agency, is advancing its tokenization efforts by launching a secondary market from February 20, 2026.
The launch will enable the resale of approximately 7.8 million real estate tokens within a controlled pilot framework aimed at assessing market efficiency, testing operational readiness, strengthening transparency and governance, and protecting investor rights while ensuring transaction integrity.
This is considered Phase II of the real estate tokenization project within the regulated model.
DLD Phase 1 included the launch and sale of tokenized certificates with Prypco Mint.
This follows the first phase in which DLD launched a real estate innovation initiative with Dubai’s Virtual Assets Regulatory Authority (VARA) and strategic partners.
The pilot phase tested the regulatory, legislative and technical framework for real estate tokenization of title deeds. In its announcement, DLD highlighted that tokenized assets will account for up to 7% of Dubai’s real estate market (equivalent to $16 billion) by 2033, and that Prypco Mint will be a cornerstone of this transformation.
In May 2025, the region’s first real estate token ownership certificate was issued following the launch of PRYPCO Mint, the first licensed real estate tokenization platform powered by the Ctrl Alt blockchain, in partnership with Dubai regulator Dubai Land Authority.
By July 2025, PRYPCO Mint, MENA’s first real estate tokenization platform, attracted the most investors in total at 326 for a single property with an average investment of $2,000 in the financing of the latest Park Ridge Tower C in Dubai Hills (valued at $653,000).
Park Ridge Tower C was funded by 326 investors from 51 countries, delivering an estimated 14.39% immediate value to investors. Almost 50% of those investors returned their investment.
Dubai commits to future improvements
In this recent press release, DLD said that this step is preliminary and will provide regulators with the data they need to make future decisions based on operational data. This approach strengthens the confidence of domestic and foreign investors.
DLD will continue to work with VARA and add additional platforms in the future. Already, for example, UAE-based Stake, a digital real estate investment platform offering fractional investments and investments in real estate funds, has received in-principle approval from Dubai’s crypto asset regulator under the name Stake RWA.
