In a groundbreaking move, Dubai has launched its first government-backed real estate tokenization project. This initiative utilizes the XRP Ledger for secure and efficient blockchain transactions, aiming to revolutionize the UAE’s real estate sector and reach a staggering AED 1 trillion by 2033. spearheaded by the Dubai Land Department (DLD) in collaboration with VARA, this program marks a pivotal step toward digital ownership of property. Key features include: * Entry-level investments starting from as low as AED 2,000 * Real-time synchronization with Dubai’s land registry for precise recordkeeping * Significant potential to expand real estate investment opportunities across the region * Expected boost in capital flow and increased market activity within the UAE real estate sector. The project has been lauded by Dr. Mahmud AlPraay of the DLD as a ‘first in history,’ highlighting how blockchain technology can transform traditional investments into accessible ownership opportunities for residents across the globe. This groundbreaking initiative could pave the way for wider adoption of real-world asset DeFi and potentially reshape global real estate investment models.