Dubai Real Estate Market Surges with Nearly $400M in Tokenized Sales

Dubai’s real estate market saw a significant surge in May, recording nearly $400 million in tokenized property sales. This achievement highlights the growing adoption of this technology driven by major institutional players and regulatory frameworks. Notably, Dubai’s Virtual Asset Regulatory Authority (VARA) updated its guidelines to include real-world asset tokenization, paving the way for greater innovation in the sector. Additionally, the DLD launched a platform facilitating fractional ownership in secondary-market properties, enabling investors to participate in the booming market more efficiently.