The Dubai Land Department has announced the launch of Phase II of the Real Estate Tokenisation Project, enabling resale activity in the secondary market from February 20.
The announcement marks the project’s move from a pilot phase to an operational phase under a regulated model designed to support the use of advanced technologies in the real estate sector.
Phase II follows the pilot stage launched in March under the “REES Real Estate Innovation Initiative”, implemented in collaboration with the Virtual Assets Regulatory Authority and strategic partners.
7.8 million Dubai real estate tokens enabled for resale
During the pilot phase, regulatory, legislative and technical frameworks for real estate tokenisation on title deeds were tested, positioning Dubai as the first real estate registration authority in the region to adopt this model within a regulated environment.
The second phase enables the resale of approximately 7.8 million real estate tokens within a controlled pilot framework. The phase is intended to assess market efficiency, test operational readiness, enhance transparency and governance, protect investors’ rights and ensure transaction integrity.
Dubai Land Department said the implementation of Phase II follows a gradual approach based on practical evaluation of results and coordination with relevant regulatory authorities.
The department stated that future decisions will be based on operational data and aligned with approved regulatory and legislative frameworks to support investor confidence at local and international levels.
Project aligned with Dubai Real Estate Sector Strategy 2033
The Real Estate Tokenisation Project supports the Dubai Real Estate Sector Strategy 2033, which aims to strengthen market balance, increase transparency, enable technology and deliver an integrated investment experience.
The strategy seeks to increase the real estate sector’s contribution to Dubai’s GDP and support the emirate’s position as a global real estate investment hub, in line with the UAE Vision 2071.
The project also aligns with the Dubai Urban Plan 2040, which focuses on people and quality of life through land-use efficiency, digital solutions and urban development planning linked to population growth.
Dubai Land Department said it continues to work with VARA and technical and operational partners to develop regulatory and technical standards for future phases.
The department is also studying the expansion of participation and the onboarding of additional platforms, subject to evaluation and regulatory approval.
The department said the Real Estate Tokenisation Project is a long-term initiative intended to support a digital real estate ecosystem and position Dubai as a testing ground for real estate technologies.
