UAE leads in tokenized property count as adoption spreads globally

UAE leads in tokenized property count as adoption spreads globally
Dubai projects drive UAE’s rise as a hub for blockchain real estate

​RWA.XYZ, a leading data platform tracking tokenized real-world assets, has added real estate as a new category in its latest tokenization analysis. 

The platform estimates tokenized real estate — spanning direct ownership, funds, REITs, and real estate-backed debt — reached $356.2 million in value over the past 30 days, reports Cryptopolitan.

More than 10,000 holders now own exposure to 57 tokenized assets across 10 countries, including Canada, Mexico, the US, Italy, Spain, Greece, Romania, and the UAE. While adoption remains geographically diverse, two markets stand out most clearly. The UAE leads in the number of tokenized properties, while the US leads in overall value. Together, they highlight how tokenization is gaining traction in both emerging and established financial hubs.

Mantra Chain dominates UAE activity as projects expand across Dubai

The UAE’s leadership is driven by both regulatory momentum and active blockchain infrastructure. The country has tokenized 23 real estate assets worth $129 million, compared with the US’s 10 assets valued at $145 million. UAE-regulated Mantra Chain accounts for the largest share of tokenized real estate on-chain, with $117.7 million in assets, followed by Base at $81.5 million and Stellar at $71.7 million. Meanwhile, Ctrl Alt has emerged as the leading tokenization platform by total value, with $124 million in tokenized real estate. 

Major projects include Dubai-based properties such as World Islands, DAMAC City tower, Dubai Marina Hotel, Kensington Waters, and Sobha Creeks. These developments underline the UAE’s growing role as a regulated center for blockchain-based property markets.

Market remains small, but long-term projections point to multi-trillion growth

Despite the rapid expansion, tokenized real estate remains modest compared with other RWA categories like stablecoins ($293 billion) or tokenized U.S. Treasuries ($10 billion). Still, it is approaching the scale of tokenized equities, which stand near $942 million, suggesting the sector is catching up quickly. Forecasts from Deloitte and other industry analysts project tokenized real estate could surpass $4 trillion by 2035, growing at an estimated 27% CAGR. 

Real estate-backed debt is expected to represent the largest share, potentially reaching $2.39 trillion, followed by private real estate funds at $1 trillion. Regionally, the UAE currently leads the MENA market, though Saudi Arabia is beginning to build its own tokenized property infrastructure through REGA’s registry sandbox. The next phase of growth will likely depend on regulatory clarity, institutional adoption, and scalable platforms that can bring real estate tokenization into mainstream finance.

Recently we wrote that Vietnam is preparing to roll out a new tax framework for cryptocurrency transfers that would treat digital assets similarly to stock trading.

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