Table of Contents
Gulf News reports that Prypco Blocks closed its debut “exit window” on July 7 after two busy weeks of trading. More than 2,800 fractional shares, or “Blocks,” swapped hands across 211 deals worth about Dh300,000, giving early backers their first chance to cash out and new buyers a shot at rental income.
The window covered the first three rented homes funded on the platform and followed last month’s Dubai Land Department launch of Prypco Mint, the city’s official sandbox for tokenized property. Regulators hope these small exits will prove that on-chain real estate can stay liquid without wild price swings.
Amira Sajwani, chairperson and founder-CEO of Prypco, called the result “proof that fractional ownership is not just accessible; it is liquid, trusted, and generating real returns for real people.”
Prypco Blocks slices each home into low-cost digital tokens recorded on a public ledger. Twice a year it opens a two-week exit window so holders can sell or top up positions without waiting for a full property sale. The firm says 77 percent of Blocks in this first window traded at market value, while 90 percent were bought by existing users, hinting at a growing secondary market.
Dubai’s move toward tokenization began in May when the Land Department let residents buy AED 2,000 stakes in prime apartments through Prypco Mint. That pilot sold out in minutes and set a goal of Dh60 billion in tokenized deals by 2033. The next exit window is planned for December, giving investors another chance to rebalance before year-end.
Supporters say scheduled liquidity and transparent ledgers could pull thousands of smaller savers into a market once reserved for the wealthy. Critics warn that smart-contract bugs and unclear inheritance rules still pose risks. For now, Prypco’s first exit shows that even bricks and mortar can start to move at the speed of a click.
