In a global first, the Dubai Land Department (DLD) has signed a landmark cooperation agreement with the Dubai Virtual Assets Regulatory Authority (VARA) to integrate real estate tokenisation into the emirate’s property registry system.
The agreement marks a major milestone in the “Real Estate Tokenisation Project,” launched in pilot phase earlier this year, and aims to transform Dubai’s real estate market through fractional ownership. By linking tokenised assets to the official registry, the initiative enables broader investor participation, especially from smaller investors, boosting market liquidity and economic inclusion.
Signed in the presence of Helal Saeed Almarri, Director-General of the Department of Economy and Tourism, and Marwan bin Ghalita, Director-General of the DLD, the agreement is designed to strengthen Dubai’s position as a global leader in property innovation.
"This reflects Dubai’s spirit of innovation and digital integration,"
said Almarri, noting that real estate tokenisation paves the way for a more inclusive and transparent investment ecosystem. Ghalita added that the partnership is key to enhancing the sector’s digital infrastructure and attracting global tech players.
The initiative also aligns with the goals of the “Dubai Real Estate Strategy 2033,” which targets AED1 trillion in real estate transactions, and the broader “Dubai Economic Agenda D33,” aimed at doubling the emirate’s GDP within a decade.
Beyond boosting real estate activity, the move underscores Dubai’s commitment to building an advanced legislative and technological framework—one that embraces artificial intelligence and blockchain to drive long-term digital economic growth.
News Source: Emirates News Agency
