Dubai teams up with VARA to link property registries to tokenization on the blockchain, an initiative through which the emirate seeks to revolutionize its real estate sector.
Launched on April 6, the partnership creates an official governance framework linking property title deeds with tokens, representing an important step forward in the Dubai Real Estate Strategy 2033 and the Dubai Economic Agenda D33. These initiatives would double its GDP in ten years and help it thrive on innovation and international investment.
In March 2025, the tokenization model for fractional ownership of properties unveiled a pilot version, enabling people worldwide to invest in real estate. The use of blockchain-based digitization of assets it will create liquidity and easy transactions with utmost transparency.
Scott Thiel, co-founder of Tokinvest—a platform that tokenizes real-world assets—said, “This is not just an agreement but a blueprint for Real Estate 2.0.” According to Dickerson, “Within three weeks, Dubai has transitioned from pilot to execution, demonstrating its genuine commitment to molding the future of on-chain real estate investment.”
Marwan bin Ghalita, head of the DLD, spoke about the importance of this deal, stating, “Through the use of advanced technology to support our real estate market, we can attract more investors through this joint venture and fulfill our vision to make Dubai a global innovation hub.”
The deal will also work on pilot programs to test tokenized real estate in real-life situations and update the legal and regulatory framework for investor protection. Working together with technology companies will foster creativity, while the best practices from around the world will form solid management.
Dubai’s push into tokenization extends beyond real estate. Tokenization lets you convert any real-world or digital asset into a digital currency. DFSA focuses on this concept as it drives innovation and increases accessibility and liquidity.
Dubai is setting a global standard for modernization of the essential economic sector by blending real estate with blockchain technology. By doing this, Dubai aims to establish itself as a savvy investment destination of the future. This effort is transforming the realm of property investment while helping improve the reputation of Dubai as a tech-driven global hub.
