Dubai Land Department teams up with VARA to tokenize real estate for investments - Coinfea

Dubai government represented by the Dubai Land Department has announced plans to debut fractional ownership using tokenization of the real estate registry. The move is in collaboration with the Dubai Virtual Asset Regulatory Authority (VARA), who will be setting advanced governance systems.

The agreement will enable investors to enter the country’s real estate asset market. This aligns with Dubai Real Estate Strategy 2033 which seeks to grow real estate transaction volume to $272 billion.

## Dubai Land Department launches real estate tokenization pilot

The agreement is coming a week after the Dubai Land Department launched its real estate tokenization project. The Dubai Land Department (DLD) has launched the pilot phase of the ‘Real Estate Tokenization Project for property title deeds. The development, introduced under the Real Estate Innovation Initiative ‘REES,’ establishes DLD as the first real estate registration entity in the Middle East to implement tokenization on property title deeds.

The project is also being carried out in a partnership between the Dubai Virtual Assets Regulatory Authority (VARA) and Dubai Future Foundation (DFF) through SandBox Real Estate. Helal Almarri affirmed that the agreement reflects the spirit of innovation and integration between Dubai’s government and digital sectors, noting that real estate tokenization represents a qualitative leap toward a more inclusive and transparent investment model.