Dubai Land Department (DLD) will launch Phase II of its Real Estate Tokenisation Project on February 20, enabling the resale of tokenised properties in the secondary market under a controlled regulatory framework. The move advances the initiative beyond its pilot stage and is aimed at strengthening Dubai’s readiness for technology-driven real estate transactions.
Phase II will allow the trading of around 7.8 million real estate tokens, building on the programme launched last year under the REES Real Estate Innovation Initiative in partnership with the Virtual Assets Regulatory Authority. DLD said the project supports the Dubai Real Estate Sector Strategy 2033 by enhancing transparency, governance and investor protection.
Officials said the phased rollout will help assess market efficiency and operational performance, reinforcing Dubai’s position as a global hub for innovative, regulated real estate investment models.
Gulf Economist Staff Writer