Dubai Launches Second Tokenized Property After Historic First Sell-Out in 2 Minutes
Dubai isn't just leading the region in real estate innovation—it's rewriting the playbook. On June 11, 2025, the city saw its second-ever tokenized property listing get fully funded in under two minutes. That's right—just 1 minute and 58 seconds.
The property? A one-bedroom apartment in Kensington Waters, valued at AED 1.5 million, offered below its market rate. The speed of the sell-out shows more than just interest. It shows growing trust in a new way of buying and owning real estate—digitally, fractionally, and with real legal recognition.
It's a system that's not just catching on. It's exploding.
A few weeks before this second launch, Dubai kicked things off with a different listing—a two-bedroom apartment in Business Bay. That went live on May 25, 2025, priced at AED 2.4 million. Despite being listed below its DLD valuation (AED 2.89 million), the property was fully subscribed in less than 24 hours.
Over 224 investors from 40+ countries took part. The average buy-in was just over AED 10,000. Nearly 70% of those were first-time real estate investors. That's a big shift from the usual high-entry barriers in Dubai property.
The project ran on PRYPCO Mint, a platform co-launched by the Dubai Land Department and regulated by VARA. Investors received blockchain-secured, government-recognized ownership certificates. This wasn't just an experiment. It was legally backed and fully operational.
The June launch proved this model wasn't a one-off. It moved even faster. The entire listing was scooped up in less than two minutes by 149 investors from 35 countries. The starting price was AED 2,000—low enough to attract both seasoned investors and curious newcomers.
What's different this time is the surge in confidence. People weren't waiting to "see how it goes." They were ready to jump in.
This second launch also came with something investors love—instant equity. The apartment's market value was estimated at AED 1.875 million, well above the listed value of AED 1.5 million.
There are several reasons this model is gaining steam:-
- Accessibility: AED 2,000 to get into Dubai's property market? That was unthinkable just a year ago.
- Speed and ease: Investors use a mobile-first platform, making the process frictionless.
- Transparency: The blockchain system logs every transaction. No surprises, no shady backdoors.
- Legal clarity: You get real ownership, not a symbolic token.
Behind the scenes, the system is supported by big names—Zand Bank, Ctrl Alt (blockchain infra), and full government oversight from the DLD and VARA. Everything is built to scale, not just experiment.
Fractional ownership is helping thousands of first-time buyers get a foot in the door. But that doesn't mean traditional real estate is losing steam. In fact, luxury buyers are still locking in full-unit properties—especially in emerging destinations like Al Marjan Island, home to BNW La Perla.
La Perla offers spacious waterfront apartments starting at AED 2.3 million. These aren't fractional. They're full ownership units in a location that's drawing attention from investors across India, Turkey, and Europe.
For many, the approach is simple: test the waters with fractional ownership, then level up to prime assets like BNW La Perla once they understand the market.
The Dubai Land Department estimates tokenized assets could account for 7% of the city's real estate transactions by 2033. Globally, the tokenized property market is expected to hit $16 trillion by 2030.
Right now, Dubai only allows UAE residents to participate. But that's set to change. International expansion is on the roadmap, and interest from overseas is massive.
This isn't just about offering property to more people. It's about rebuilding how the system works, smarter, faster and fairer.
Dubai isn't waiting for the world to catch up, it's pulling ahead. Whether you're a millennial dropping AED 2000 on your first real estate token or a global investor looking at high-end developments like BNW La Perla, the landscape is shifting fast.
If the past two launches are any indication, this is just the beginning.
