The Dubai Land Department (DLD) has launched Phase II of its Real Estate Tokenisation Project, enabling the resale of tokenised property assets in a regulated secondary market from February 20. The move advances the initiative beyond its pilot stage and marks a significant step in the digitisation of Dubai’s property sector.
The project, developed under the REES Real Estate Innovation Initiative in partnership with the Virtual Assets Regulatory Authority (VARA), has tested the legal, regulatory and technical frameworks required to tokenize property title deeds under official oversight. Phase II will allow trading of around 7.8 million real estate tokens within a controlled environment, designed to evaluate market efficiency, transparency and investor protection.
DLD has positioned the initiative as a strategic pillar of the Dubai Real Estate Sector Strategy 2033, which aims to strengthen market balance, enhance transparency and increase the sector’s contribution to GDP. By enabling fractional ownership and secondary-market liquidity under regulation, tokenisation could gradually broaden Dubai’s investor base and improve capital mobility in a traditionally illiquid asset class.
Authorities have stressed that expansion will remain gradual and data-driven, with further phases contingent on regulatory assessments and operational outcomes. If successful, the model could reinforce Dubai’s standing as a global hub for real estate investment and regulated property innovation.
