June 12, 2025
Dubai, June 2025 — In yet another breakthrough for the UAE’s real estate and proptech sectors, the Dubai Land Department (DLD) has announced that its second tokenized property listing on the PRYPCO Mint platform was fully funded in a record 1 minute and 58 seconds, attracting 149 investors from 35 nationalities.
This overwhelming demand pushed the waiting list past 10,700 investors, underscoring the growing international appetite for fractional, blockchain-powered property ownership in Dubai.
A Milestone in Real Estate Innovation
The rapid funding of the project is a clear sign of increasing investor confidence in Dubai’s property tokenization initiative. This initiative is spearheaded by DLD in partnership with PRYPCO, and licensed by the Virtual Assets Regulatory Authority (VARA), marking Dubai’s commitment to leading in digital real estate innovation.
The second tokenized project featured a one-bedroom apartment in Kensington Waters, Mohammed Bin Rashid City, valued at AED 1.5 million—offered below its market estimate of AED 1.875 million. This provided instant value and equity to investors, with fractional ownership starting at just AED 2,000, making premium real estate accessible to a wider audience.
Setting New Standards for Accessibility and Transparency
The PRYPCO Mint platform, officially accredited under DLD’s Property Tokenization Initiative, is redefining how real estate investment works in the UAE. Through seamless onboarding, fractional ownership, and blockchain transparency, it allows both seasoned and first-time investors to access the market without traditional financial barriers.
This initiative represents a major step forward in democratizing real estate investment and aligning with Dubai’s 2033 vision for widespread adoption of tokenized assets.
Building on a Strong Foundation
This latest project follows the success of PRYPCO Mint’s first tokenized listing—a two-bedroom apartment in Business Bay, which attracted 224 investors from over 40 countries and was fully funded within 24 hours. That property, priced at AED 2.4 million, was also listed below its DLD valuation of AED 2.89 million, highlighting the platform’s strategy of offering value-driven and transparent real estate products.
In a significant regulatory milestone, the Dubai Land Department issued official Property Token Ownership Certificates to the first batch of investors, validating the legal and institutional framework behind this new form of ownership.
A Future Shaped by Tokenization
As the PRYPCO Mint platform scales further with new projects and strategic partnerships, Dubai is poised to remain a global pioneer in PropTech and asset tokenization. The Dubai Land Department is actively encouraging interested individuals to register early and create their accounts in anticipation of upcoming listings—most of which are expected to sell out within minutes.
This model not only opens the door for residents and international investors to access high-value properties but also positions Dubai as a trailblazer in merging blockchain technology with real estate.
