Dubai has sold out its first fully tokenized property on the XRPL š” š š
Dubai has sold out its first fully tokenized propertyāa two-bedroom apartment in Damac Prive Tower, Business Bayādemonstrating that real estate tokenization is now a working reality, not just a concept or pilot. This property was fractionalized and issued as digital tokens via Prypco Mint on Ctrl Altās infrastructure, with Zand as the strategic banking partner. The process was fully regulated and verified by the Dubai Land Department, VARA, CBUAE, and DFF.
Property title deeds were issued as on-chain Property Token Ownership Certificates, making the investment accessible and transparent. The offering attracted 224 investors from over 40 nationalities, with a minimum entry of AED 2,000 and an average investment of AED 10,714. More than 70% of investors were new to Dubai real estate.
Every unit was sold out in a single day, underscoring strong demand and real-world adoption. Investors gained title-backed ownership with yield, in a regulated structure, all managed from their phones. There were no complex wrappers or regulatory gray zonesājust straightforward, compliant digital ownership.
This milestone puts Dubai ahead of legacy markets and signals a new era of democratized, global real estate investment. The project is no longer limited to Emirates ID holders; global access is on the horizon. Dubaiās approach sets a benchmark for tokenization, offering a model for other jurisdictions aiming to modernize and open up real estate markets.
https://x.com/PRYPCOMint/status/1929455880379965915?s=19
https://www.linkedin.com/posts/antongolub_dubai-just-sold-out-its-first-fully-tokenized-activity-7337122462611955712-_RAl