Dubai Embraces Fractional Real Estate Ownership Through Tokenization

The Dubai government is pioneering a new era of real estate investment, leveraging tokenization technology for fractional ownership. In collaboration with the VARA (Dubai Virtual Asset Regulatory Authority), the Dubai Land Department has commenced this initiative, aiming to expand access to Dubai’s vibrant real estate market for a wider range of investors. 🤝 This move aligns with the ambitious Dubai Real Estate Strategy 2033, which aims to significantly increase real estate transaction volume to $272 billion. 🚀