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Dubai announces phase 2 of property tokenisation project for secondary market resale
Phase two focuses on activating resale activity in the Dubai secondary market by enabling the resale of approximately 7.8 million real estate tokens
- PUBLISHED: Mon 9 Feb 2026, 1:41 PM
Dubai Land Department (DLD) on Monday announced the launch of the second phase of its real estate tokenisation project, allowing resale in the secondary market from February 20, 2026.
The regulator launched it as a pilot project in the first phase last year in collaboration with the Virtual Assets Regulatory Authority (Vara) and other strategic partners.
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During the pilot phase, the regulatory, legislative, and technical frameworks for real estate tokenisation on title deeds were tested.
Phase two focuses on activating resale activity in the secondary market by enabling the resale of approximately 7.8 million real estate tokens, within a controlled pilot framework aimed at assessing market efficiency, testing operational readiness, enhancing transparency and governance, and safeguarding investors’ rights while ensuring transaction integrity.
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As reported by Khaleej Times earlier, UAE residents and investors can invest from as low as Dh2,000 during the pilot phase. In the first month alone, more than Dh9 million worth of deals were transacted via Prypco Mint, a partner in the project.
Dubai has taken a number of initiatives to encourage property ownership in the city.
In July 2025, the First-Time Home Buyer (FTHB) Programme was launched by Dubai Land Department along with the Dubai Economic Development Corporation (DEDC), banks and property developers.
More than 2,000 residents bought properties for the first time in Dubai under the FTHB Programme in the first phase months.
DLD on Monday said the tokenisation project has been rolled out in phases to evaluate the practical outcomes and to work closely with other regulatory authorities.
DLD added that work continues in collaboration with Vara and technical and operational partners to develop regulatory and technical standards for upcoming phases.
