The Dubai Land Department has launched a secondary market for tokenized real estate, allowing investors to resell property tokens. The move is part of Dubai’s plan to tokenize $16 billion worth of property by 2033.
Over $5 million in tokenized real estate is now tradable. About 7.8 million tokens linked to ten Dubai properties are available on a regulated platform. Each token represents fractional ownership of real estate.
The tokens run on the XRP Ledger and are backed by official title deeds. Transactions are recorded on blockchain and synced with Dubai’s land registry. Custody support is provided by Ripple.
The secondary market allows investors to buy and sell property shares faster than traditional real estate transfers. All trades are regulated and recorded in official property records.
Dubai introduced this project to test infrastructure, investor protection, and legal compliance. The system also uses special digital assets to control who can trade the tokens.
The initiative supports Dubai’s goal of becoming a global hub for blockchain-based real estate. Officials aim to tokenize about 7% of the city’s total property market by 2033.
Tokenized real estate remains a small market, but Dubai is expanding its use through regulated trading and blockchain integration.
