Own a fraction of Dubai
Fractional property ownership — live, regulated, from AED 2,000.
What it is
In February 2026, the Dubai Land Department (DLD) activated Phase 2 of its Real Estate Tokenization Project — a live, regulated secondary market for fractional property ownership, via the PRYPCO Mint platform. You buy and hold in UAE dirhams, not crypto.
A token vs a REIT
A token is a direct fractional stake in ONE specific property. A REIT, by contrast, is a fund spread across many buildings. With a token, you own a piece of an actual, named building — registered at the DLD.
From AED 2,000
The entry point is as little as AED 2,000 — fractional ownership opens Dubai real estate to buyers who aren't ready to purchase a whole unit.
Your ownership certificate
Each token is linked to a DLD-registered title deed, and every holder receives an official DLD “Property Token Ownership Certificate” — real, recorded ownership, not an IOU.
Who regulates it
The project is run by the DLD and backed by VARA, the UAE Central Bank, and the Dubai Future Foundation.
The 2033 vision
Under the Dubai Real Estate Strategy 2033, the DLD targets tokenized assets reaching ~7% of Dubai’s market — roughly USD 16 billion — by 2033.
Dubai's first DLD-tokenized property sale wasn't a quiet pilot — it proved a new kind of demand, and most of it came from people who had never owned Dubai real estate before.
Of the first sale's 224 investors — across 44 nationalities — roughly 70% had never owned Dubai real estate before.
Buyers are already queued for the next tokenized offerings.
Dubai's first tokenized unit — in another developer's building — was fully funded in under a day.
Fractional ownership, in dirhams — the reason the buyer pool is suddenly this wide.
The rails are real: tokens settle on the XRP Ledger, register against DLD title deeds, and operate under VARA and the UAE Central Bank.
Where Waada fits: tokenized listings are NOT available for Waada, and BT Properties has announced no tokenization plans. Offering tokenized stakes would require a VARA-licensed platform — a regulatory step, and a commercial decision that is BT's alone to make. This page explains the market rail as it exists today; if it's of interest, Noor can register that interest so the team knows the demand is there.
Based on DLD’s Real Estate Tokenization Project (Phase 2, February 2026). This describes the Dubai market rail only. Waada is not tokenized and BT Properties has announced no tokenization plans.