Dubai property tokenisation: PRYPCO Mint and a share of a flat from AED 2,000
PRYPCO Mint, the region’s first DLD-supervised tokenised property platform, launched in May 2025 with a AED 2,000 minimum. Its first property drew 224 investors from 40-plus countries; the second, worth AED 1.5m, sold out in 1 minute 58 seconds.
In May 2025 the Dubai Land Department launched the Middle East’s first tokenised real estate project through the PRYPCO Mint platform. A property is split into digital shares recorded on a blockchain and backed by a DLD certificate, with a minimum ticket of AED 2,000 — roughly USD 545. Sixteen months on, here is how it works and who it suits.
How a share is bought
- DLD verifies title, then tokens are issued for the property’s full value.
- Investors pay in dirhams only — the platform does not take crypto. Funds sit in a regulated client account and are released only after title transfers.
- Holders receive a DLD Property Token Ownership Certificate and a pro-rata share of rent and any capital growth.
- Tokens live on the XRP Ledger; oversight sits with DLD, VARA and the UAE Central Bank.
During the pilot only Emirates ID holders — UAE residents — can take part.
What the first deals showed
The first property attracted 224 investors from more than 40 countries, with an average ticket of AED 10,714; around 70% were first-time Dubai property investors. The second, valued at AED 1.5m, sold out in 1 minute 58 seconds to 149 investors from 35 countries. Platform reviews put the number of fully funded properties at about ten. In February 2026 DLD opened secondary trading in tokenised shares — see our note on the second phase — and in July PRYPCO cut the secondary-market minimum to AED 1,000. Tokens can be sold after a three-month lock-in from funding.
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A token against a flat
| PRYPCO Mint token | Your own unit | |
|---|---|---|
| Entry | From AED 2,000 | Hundreds of thousands of AED plus 4% DLD fee |
| Management | The platform | You or a manager |
| Leverage | None | Mortgage up to 80% for residents |
| Residency | None | Can qualify for a residence visa; golden visa from AED 2m |
| Exit | The platform’s secondary market | Sale of the whole unit |
Who it suits
Tokenisation gives exposure to Dubai with a small cheque spread across several assets — a sensible first step for a resident with limited capital. It is not a substitute for owning a unit: no leverage, no visa, no control, and liquidity confined to one platform in a pilot. DLD itself expects tokenised property to reach about 7% of Dubai’s market by 2033, roughly AED 60bn; the format is a long way from that.
For the wider picture of real-world asset tokenisation in the Emirates, see A $147bn pipeline forming in the UAE.
In the news
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Dubai property tokenisation: the Land Department opens secondary trading in fractions
Dubai Land Department and Ctrl Alt moved to phase two: 10 properties worth over $5m tokenised, about 7.8m ownership tokens issued and now resellable. Records sit on XRP Ledger and sync with the official land registry.
Real-world asset tokenisation: a $147bn pipeline forming in the UAE
Analysts put the UAE’s pipeline for tokenising real-world assets — from property to infrastructure — at $147 billion. Large assets are split into digital fractions traded on-chain. What changes for investors, and where the catch is.
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