In a new step to promote innovation in the real estate market, the Dubai Land Department has announced the launch of two tokenized properties for sale through the “Pripco Mint” platform, in partnership with Pripco Holding. The sale will open to investors tomorrow, Thursday, as part of the Department’s efforts to facilitate property ownership through digital assets and attract a wider range of investors.
The first property is a two-bedroom villa located in Dubai Land, expected to generate an annual rental yield of 7.43% and an investment return of 12%. The second property is a one-bedroom apartment in Dubai Marina, with an expected rental yield of 7.63% and an investment return of 12.3%, highlighting the attractiveness and investment stability of these areas.
Investors can purchase shares in these tokenized properties starting from just AED 2,000, with all transactions conducted in dirhams only, without any cryptocurrency use at this initial stage.
This move follows the Department’s successful sale of the first tokenized property in the region on May 25, followed by a second property launched on June 11, which was sold in under two minutes—demonstrating the growing demand for this innovative real estate investment model in Dubai.
Dubai continues to lead in embracing technology in the real estate sector, strengthening investor confidence and reflecting the vibrancy of the local property market.
