Dubai Opens Tokenised Property Resale: DLD Phase 2 Puts 7.8 Million Real Estate Tokens on a Regulated Secondary Market

Dubai Land Department has launched phase two of its tokenised real estate pilot, opening a regulated secondary market for property tokens. Since 20 February 2026, investors have been able to resell about 7.8 million existing tokens instead of waiting for the underlying property to sell. DLD says this makes it the first property registration authority in the region to supervise token trading under formal regulatory oversight.
The tokens represent fractional stakes in completed Dubai properties, traded through the Prypco Mint app, where entry starts at AED 2,000. The programme is overseen by DLD and the Virtual Assets Regulatory Authority. Investor protection rules carry over from phase one, which drew input from the Central Bank of the UAE and the Dubai Future Foundation.
Phase one launched in 2025 and generated more than AED 9 million through Prypco Mint in its first month. DLD has estimated tokenised property could reach AED 60 billion a year by 2033, about 7 per cent of expected transactions.
Originally published on Doment, Dubai property intelligence.
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