A major advancement in digital property ownership has been made with the launch of the first tokenized real estate investment platform in the Middle East and North Africa (MENA) region by Dubai. With fractional ownership, the new platform, Prypco Mint, is a joint project headed by the Dubai Land Department (DLD) with the goal of democratizing access to real estate.
The platform makes property ownership more accessible to a wider range of people by allowing UAE citizens to invest in real estate for as little as AED 2,000, as reported by Gulf News on May 25.
The initiative, which was created in collaboration with blockchain pioneers Prypco and Ctrl Alt and backed by important regulatory organizations like the Dubai Future Foundation, the Central Bank of the United Arab Emirates, and the Virtual Assets Regulatory Authority (VARA), is in line with Dubai’s overarching goal of developing into a global center for digital innovation. Throughout the trial period, Zand Digital Bank will act as the banking partner.
Users can access the platform via mint.prypco.com and purchase fractional shares in ready-to-own Dubai properties. While the platform operates on blockchain infrastructure, only UAE dirhams are accepted for transactions during the pilot—cryptocurrency payments are not yet permitted.
Investor protection is a cornerstone of the project. All contributions are held in regulated client accounts, overseen by the Central Bank, VARA, and the DLD, and are only disbursed upon the completion of verified transactions. Additionally, every property listed must undergo a regulatory review to ensure fair market valuation.
Returns for investors are expected to come from both rental income and capital appreciation, and ownership will be legally recognized and recorded under DLD supervision.
According to the DLD, tokenized assets could account for up to 7% of Dubai’s real estate market—valued at around AED 60 billion—by 2033. Currently limited to UAE citizens, the platform is expected to expand internationally in future phases.
The launch of Prypco Mint follows Dubai’s earlier efforts to embrace blockchain technology and digital assets, including initiatives to enable crypto payments for government services in collaboration with Crypto.com. With this bold move, Dubai is reinforcing its position as a pioneer in regulated digital asset ecosystems and the future of real estate investment.
