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Dubai’s Land Department has sealed a memorandum of cooperation with global exchange Crypto.com to open the city’s property market to blockchain. CrowdfundInsider reports the deal will test how homes, offices and plots can be sold as small digital tokens that move online as fast as cash.
The partners will design token rules, investor checks and instant settlement rails. Gulf News explains that Crypto.com will give the tech while the Land Department guides rules, making sure each blockchain deed has the same legal power as a paper title under Dubai law.
The move backs the Real Estate Strategy 2033, which targets one-trillion-dirham deals and a smart market open to small buyers. Cointrust notes the memorandum was signed by director Omar BuShehab and Crypto.com’s Mohamed Al Hakim and follows Dubai’s choice to accept crypto for some government fees.
Tokenization breaks a building into many cheap digital shares. Buyers anywhere can trade them like stock, bringing cash to a slow market and letting residents own a slice of prime towers for a few hundred dirhams. Supporters say faster deals and clear records will cut fraud and widen access.
This is not Dubai’s first step. In March the Land Department started a sandbox that let locals buy AED 2,000 fractions of flats. Results were positive, giving confidence to push a larger pilot with Crypto.com before Expo 2030 invites even more global investors.
Officials say strict checks will guide the trial. Smart contracts will be audited, and each buyer must pass know-your-customer tests. If the framework proves solid, full token titles could launch across Dubai by late 2026.
