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In a groundbreaking initiative that underscores Dubai’s commitment to innovation in the real estate sector, the Dubai Land Department (DLD) has introduced Prypco Mint, the region’s first licensed platform for tokenized real estate investment.
Developed in partnership with Prypco, Prypco Mint is being launched through the Real Estate Sandbox, in collaboration with the Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE, and the Dubai Future Foundation (DFF). Zand Digital Bank will serve as the banking partner for the pilot phase, marking Dubai as the first city in the MENA region to implement a fully regulated platform for real estate tokenization.
Read on to learn how Prypco Mint is shaping the future of real estate investment in Dubai.
About Prypco Mint
DLD has officially launched the pilot phase of Prypco Mint, activating its digital platform at mint.prypco.com, in a major step forward for Dubai real estate tokenization. The platform allows users to invest in tokenized shares of prime real estate projects in Dubai, offering returns and fractional ownership opportunities.
Currently available exclusively to UAE ID holders, the platform is expected to open to global investors in future phases, with additional platforms set to be integrated to enhance access and scalability.
Through Prypco Mint, individuals can invest in tokenized real estate in Dubai starting from just AED 2,000, making property investment more accessible than ever. All transactions during the pilot phase are conducted in UAE Dirhams, with no involvement of cryptocurrencies.
The platform provides detailed information on each property, including pricing, risk factors, technical specifications, and minimum investment requirements, ensuring a transparent and informed investment process.
This initiative is part of a strategic partnership between DLD, Prypco, and Ctrl Alt Solutions, focused on building a robust regulatory and operational framework for real estate tokenization. The collaboration aims to advance legislation, promote market knowledge, attract specialized asset tokenization firms, and protect investor rights.
As Dubai continues to lead in real estate innovation, tokenized assets are projected to make up 7% of the market which is equivalent to AED 60 billion (USD 16 billion) by 2033, with Prypco Mint at the forefront of this transformation.
Inside Prypco Mint's First Property Offering
Launched under the Real Estate Evolution Space (REES) initiative, this groundbreaking project makes DLD the first real estate registration authority in the Middle East to embrace blockchain-based tokenization. By enabling fractional ownership, the initiative broadens access to property investment and paves the way for a more inclusive, transparent, and intelligent real estate market.
The first tokenized property in Dubai — a sleek two-bedroom apartment in Damac Prive Tower, Business Bay — was snapped up in less than 24 hours. With 224 investors from over 40 countries participating, the average investment came in at Dh10,714, reflecting the growing appetite for innovative real estate models.
Prypco Mint allows individuals to invest in tokenized real estate Dubai with entry points as low as Dh2,000. This model democratizes access to high-value property assets, especially for those looking to diversify portfolios without heavy capital requirements or debt exposure.
As part of its first sale, the Dubai Land Department issued the world’s first Property Token Ownership Certificate, solidifying Prypco Mint's role in shaping the next era of real estate investment. This tokenized property in Dubai was priced at Dh2.4 million, below its Dh3 million market value, delivering instant equity and competitive rental yields to investors.
Though current participation is limited to UAE residents, plans are underway to expand access to international investors. As Prypco Mint paves the way for broader adoption, the platform may soon become the go-to destination for anyone looking to own a piece of Dubai’s dynamic property landscape.
FAQs
Real estate tokenization is the process of converting ownership of a property into digital tokens on a blockchain, allowing for fractional ownership and easier trading.
Yes, Prypco Mint allows real estate investment from Dh2000 Dubai residents, making it highly accessible.
Participation is currently open only to UAE residents, but the platform plans to expand internationally.
Tokenized properties offer rental yields of around five to seven percent, in line with traditional Dubai real estate investments.
You can register on the Prypco Mint platform, complete the necessary KYC requirements, and start investing in tokenized properties directly from your dashboard.
For more information, get in touch with us at Provident