Dubai Land Department Rolls Out Phase II of Tokenised Property Project - Crypto Economy

TL;DR

• Phase II Launch: Dubai Land Department will activate secondary market resales on 20 February, marking the transition of the Real Estate Tokenisation Project from pilot testing to operational deployment.
• Controlled Resale Framework: The phase enables the resale of 7.8 million real estate tokens within a regulated environment focused on transparency, governance, and investor protection.
• Strategic National Alignment: The initiative supports Dubai’s Real Estate Strategy 2033, UAE Vision 2071, and the Dubai Urban Plan 2040 by promoting smart urban models.

Dubai Land Department has moved its Real Estate Tokenization Project into a new operational phase, confirming that resale activity in the secondary market will begin on 20 February. The shift marks the project’s evolution from a pilot initiative to a more advanced stage within a regulated framework designed to prepare the real estate sector for a technology-driven future.

Pilot Foundations Strengthen Regulatory Readiness

The new phase builds on the pilot stage launched in March under the REES Real Estate Innovation Initiative, developed in collaboration with the Virtual Assets Regulatory Authority and strategic partners. During the pilot, regulatory, legislative, and technical frameworks for tokenising real estate on title deeds were tested. This positioned Dubai as the first real estate registration authority in the region to adopt such a model within a regulated environment, reinforcing confidence in the emirate’s approach to digital transformation.

Secondary Market Activation and Controlled Resale

Phase II introduces secondary market activity by enabling the resale of approximately 7.8 million real estate tokens. This rollout follows a controlled pilot framework designed to assess market efficiency and operational readiness. The Department aims to enhance transparency, strengthen governance, and safeguard investor rights while ensuring the integrity of tokenised transactions. The measured approach reflects a commitment to evaluating outcomes in coordination with regulatory authorities before expanding participation.


Alignment With Long-Term National Strategies

The Real Estate Tokenisation Project supports the Dubai Real Estate Sector Strategy 2033, which prioritises market balance, transparency, technology enablement, and an integrated investment experience. It also contributes to increasing the sector’s share of Dubai’s GDP and aligns with UAE Vision 2071, which focuses on global leadership and sustainable economic development. The initiative further complements the Dubai Urban Plan 2040 by promoting smart urban models, efficient land use, and digital solutions for managing demographic growth.

Building a Fully Integrated Digital Ecosystem

DLD confirmed that work continues with VARA and technical partners to develop standards for future phases. The Department is studying the expansion of participation and the onboarding of additional platforms through a gradual, evaluation-based approach. The project is positioned as a long-term strategic effort aimed at building a smart, sustainable real estate economy and strengthening Dubai’s role as a global hub for advanced property technologies.