VARA Warns Against Unauthorized Participation in Dubai Real Estate Tokenization Project

The Dubai Virtual Assets Regulatory Authority (VARA) issued a warning on April 23 regarding unauthorized participation in the Dubai Land Department’s (DLD) real estate tokenization pilot program. The program, launched on March 19th, permits only entities officially approved by VARA and DLD to claim involvement. VARA emphasizes that unauthorized participants risk engaging in illegal virtual asset activity or infringing on marketing regulations. This could result in enforcement action, including fines or market bans. To prevent these risks, VARA urges users to verify platform credentials via its official website.