Dubai real estate sets record with $18B in sales as tokenization gains momentum
In May, Dubai’s real estate market recorded 18,700 transactions totaling approximately AED 66.8 billion (around $18.2 billion). This surge was driven by both primary and secondary sales: primary market values jumped 314% year-over-year, while the secondary market grew by 21%.
The data also shows a 44% year-over-year increase in transaction value and a 6% rise in total sales volume. Industry experts interpret this growth as a sign of Dubai’s evolving innovation in real estate.
Dubai sales transactions value in dirhams from May 2024 to May 2025. Source: Property Finder, Cointelegraph.
The introduction of tokenization has allowed investors to buy fractional property shares, making ownership more accessible. It has also reshaped traditional market dynamics.
According to Scott Thiel, co-founder and CEO of real-world asset (RWA) tokenization platform Tokinvest, real estate tokenization is no longer just a concept — it’s a fast-moving trend.
“Dubai is proving to be one of the most active and attractive real estate markets in the world. When you see over AED 60 billion in monthly transactions, it’s a strong signal that the market is ready for innovative financial models,” said Thiel.
He added that the current transaction volume creates an ideal foundation for fractional property investments catering to both international and local demand.
Regulatory reforms fuel real estate innovation
Dubai’s property boom coincides with regulatory efforts to modernize real estate operations.On May 1, 2025, Dubai’s MultiBank Group, real estate giant MAG, and blockchain services provider Mavryk announced a $3 billion partnership to digitize MAG’s luxury properties.
Then, on May 19, Dubai’s Virtual Assets Regulatory Authority (VARA) updated its guidance to include real-world asset tokenization, offering clarity for issuers and exchanges involved in tokenized property trading.
Further, on May 25, Dubai Land Department (DLD), the UAE Central Bank, and the Dubai Future Foundation unveiled Prypco Mint — a tokenized real estate platform.
This pilot program allows holders of valid Emirates IDs to invest in fractional shares of move-in-ready properties across Dubai, starting from just AED 2,000 (approximately $545).
As we wrote, Dubai government launches initiative to tokenise property deeds
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