After the success of Prypco Mint in tokenizing properties in the UAE for investment, more and more real estate developers in the UAE are pushing forward. Amaal, a UAE real estate developer has partnered with IOPn, a blockchain infrastructure company to bring tokenized property solutions to a bigger global investor base.

As per the press release, the partnership reflects an innovation-led approach by both organizations to support the evolution of real estate investment, leveraging blockchain technology to make property investment more accessible and efficient, while maintaining exclusivity and long-term value.

The move aligns with the Dubai Land Department’s recent real estate tokenization initiative, which aims to digitize seven per cent or $16 billion of property by 2033. Further details on specific projects or properties will be shared as the collaboration progresses.

“At Amaal, we see innovation as essential to shaping the future of real estate, and collaborating with IOPn exemplifies our forward-looking vision,” said Abdulla Lahej, Chairman of Amaal. “Through tokenization, we’re making it possible for more people to participate in real estate investment, supporting the UAE’s commitment to leadership in the digital economy and smart city infrastructure.”

Mojtaba Asadian, CEO of IOPn, commented, “This partnership with Amaal marks a pivotal step in redefining how global investors access luxury real estate. In alignment with Dubai’s regulatory framework, we are in the process of tokenizing the high-end MANSORY Residences. This initiative is not only enhancing liquidity but also setting a new benchmark for transparency, accessibility, and global participation in property ownership. At IOPn, we believe the future of real estate is on-chain, and we’re proud to build that future with visionary partners like Amaal.”

The tokenization of MANSORY Residences is currently in preparation, with more details expected to be announced in the coming months. The tower is scheduled for completion in Q4 2028.