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Amaal and blockchain‑infrastructure firm IOPn have announced a strategic tie‑up, promising to launch Dubai’s first fully compliant property‑token market before year‑end. Signed earlier today, the pact will mint fractional digital units of completed apartments and hospitality assets and settle trades in dirham‑pegged stablecoins, with a pilot sale due next quarter.
Under the deal, tokens will run on IOPn’s high‑speed OPN Chain, which details its 10,000‑TPS design and embeds ERC‑3643 identity checks to satisfy Dubai’s virtual‑asset code. Fintechnews Middle East has reported a government pilot aiming to digitise seven per cent of local property by 2033, giving the venture a ready regulatory runway.
“Tokenising bricks into bytes will cut entry tickets from millions of dirhams to a few hundred,” said Marwan Ahmed Bin Ghalita, Director General of the Dubai Land Department, at a recent workshop. “That shift can draw new capital while keeping full legal protection for owners.”
Property tokenization has surged across Dubai since the Land Department began linking title deeds to blockchain in March. Start‑ups such as Prypco sold a Dh1.75 million villa in five minutes, and local banks are testing on‑chain mortgages. Analysts project tokenised trades could reach AED 60 billion by 2033, widening real‑estate access and liquidity throughout the Gulf.
