Dubai forecasts $16 billion tokenized property market by 2033
68% of tokenized property buyers in Dubai are first-timers
According to the Dubai Land Department (DLD), 68% of investors in tokenized real estate in Dubai are first-time property buyers. Tokenization significantly lowers entry barriers, making real estate ownership more accessible.
Since the launch of the tokenized property sale initiative in late May, five properties have attracted a total of 1,025 investors from 69 countries, with 685 of them (68%) purchasing property for the first time.
According to Mahmoud AlBurai, Senior Director of Real Estate Policy and Innovation at the DLD, the average investment per investor was $2,432.Two of the five properties were luxury assets, drawing 462 investors combined.
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Launched in May 2025, the tokenized real estate project is a collaboration between the Dubai Land Department (DLD), the Dubai Virtual Assets Regulatory Authority (VARA), and the Dubai Future Foundation.
Tokenization boosts demand for real estate
Dubai's real estate sector has already benefited from tokenization. Fitch Ratings reported a 60% increase in property prices between 2022 and Q1 2025.While a moderate correction of up to 15% is expected due to rising housing supply, Dubai remains focused on leveraging blockchain to preserve its global appeal.
The city’s blockchain strategy—part of the UAE’s broader digital economic development under Dubai’s D33 Economic Agenda—includes enhancements to virtual asset and stablecoin regulations and real estate tokenization.
The DLD projects the tokenized real estate market could reach $16 billion by 2033, making up 7% of all property transactions in Dubai.
As we wrote, Dubai signs deal to tokenize property registration
