Dubai Land Department (DLD) has officially launched Phase II of its Real Estate Tokenisation Project, marking a major step forward in Dubai’s push toward a technology-driven real estate market. Effective 20 February, this phase opens the secondary market for resale activity, transitioning the project from its pilot stage to a fully operational model under a regulated framework.
The project’s pilot phase, initiated in March through the REES Real Estate Innovation Initiative in partnership with the Virtual Assets Regulatory Authority (VARA) and key industry stakeholders, successfully tested the regulatory, legislative, and technical frameworks for tokenising real estate title deeds. This innovation establishes Dubai as the first regional real estate authority to adopt tokenisation within a secure and compliant environment.
Key Features of Phase II:
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Activation of resale for approximately 7.8 million real estate tokens in the secondary market.
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Focus on market efficiency, operational readiness, transparency, governance, and investor protection.
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Gradual, data-driven implementation in close coordination with regulatory authorities to ensure compliance and strengthen investor confidence.
DLD highlighted that Phase II will enable robust assessment of the market while safeguarding transaction integrity. The initiative aligns with the Dubai Real Estate Sector Strategy 2033, which aims to enhance transparency, balance supply and demand, leverage advanced technology, and provide an integrated investment experience.
Looking ahead, DLD continues collaborating with VARA and technical partners to develop regulatory and operational standards for future phases, including plans for broader platform participation. This phased, carefully evaluated approach is designed to reinforce Dubai’s position as a global hub for real estate investment and contribute to the emirate’s GDP, supporting the long-term objectives of UAE Vision 2071 for a sustainable, future-ready economy.
With this move, Dubai is strengthening its reputation as a pioneer in real estate innovation, providing both local and international investors with a transparent, secure, and technologically advanced property investment ecosystem.
