Dubai is advancing the tokenisation of real estate investments through a new strategic partnership between the Dubai Land Department (DLD) and the Virtual Assets Regulatory Authority (VARA). This collaboration is part of the "Real Estate Tokenisation" pilot under the broader "REES Real Estate Innovation Initiative," and aligns with Dubai’s goal of increasing the real estate sector’s GDP contribution to AED 1 trillion ($272 billion) by 2033.

The agreement aims to create a regulatory framework that integrates virtual assets into real estate transactions, supporting Dubai’s long-term vision to be a global hub for investment and innovation. It introduces a governance model linking property tokenisation with the real estate registry, enhancing market liquidity and the efficiency of property management.

Key goals include the development of legal and regulatory structures that keep pace with technological advancements, protection of investor rights, and support for small-scale investments in the real estate market. The partnership is designed to facilitate easier access to real estate investments and foster sector sustainability.

This initiative supports the Dubai Economic Agenda (D33), which targets a doubling of the emirate’s GDP over the next decade. The real estate sector is expected to contribute significantly, with a projected 70% increase in transaction value.

The partnership will also lead pilot projects that integrate virtual assets into the sector, enhance digital infrastructure, and support awareness around virtual asset regulations. It aims to align with global standards on consumer protection and investor security, while also inviting technology companies to contribute to Dubai’s evolving real estate ecosystem.

Overall, this collaboration is a strategic move to position Dubai at the forefront of real estate innovation by embracing decentralised technologies, fostering economic inclusivity, and enabling a seamless, tech-enabled investment experience.