
After the recent launch of PRYPCO Mint, the first licensed real estate tokenization platform, in partnership with Dubai Land Department, Dubai’s Regulatory Authority, and powered by Ctrl Alt blockchain, the region’s first property token ownership certificate has been issued.
In a LinkedIn post Ali Jamal, CEO of Cryptos Consultancy shared the deed which was initially posted by Dr. Mahmoud Al Buraj Senior Director of real estate policies and innovation at Dubai Land Department.
Jamal Ali noted, “The world’s first property token ownership certificate has just been issued! No other city or country has done this. Tokenization isn’t a theory. It’s happening. And Dubai is leading from the front. This isn’t just a pilot, it’s a working blueprint for the global future of real estate and virtual asset economies. For those building in real estate, blockchain, or the broader virtual asset space now is the time to pay close attention.”
While Dr. Buraj had noted, “Dubai is issuing first ever property token ownership certificate that no other city or country did. Thank you for all who bought piece of Dubai and were the first to own tokenized real estate. Be ready for second property?”
The fully funded property attracted 224 investors from over 40 nationalities, with an average investment amount of AED 10,714, underscoring the platform’s wide appeal and the growing appetite for accessible, tech-enabled real estate opportunities in the region.
Amira Sajwani, Founder and CEO of PRYPCO, commented on the milestone, “This milestone is a powerful validation of our vision. From the outset, PRYPCO Mint was built to redefine access to real estate, making it more inclusive, transparent, and efficient. To see our first property fully funded in just a day reflects not only the strength of the concept but also a clear market demand for smarter, more accessible investment solutions. It’s a strong step forward in enabling Real Estate Freedom for all.”
The deed shows ownership tokens in DAMAC Maison Prive. It shows how 1093 tokens purchased gives 0.8129 shares in the property.

A few days earlier Dubai Land Department had announced that they had launched the region’s first tokenized real estate investment project through the ‘Prypco Mint’ platform. The initiative implemented in partnership with Prypco, the Virtual Assets Regulatory Authority (VARA), the Central Bank of the United Arab Emirates, and the Dubai Future Foundation (DFF) through the Real Estate Sandbox.
Moreover, Zand Digital Bank was appointed as the banking partner for the project’s pilot phase, positioning Dubai as the first city in the MENA region to adopt a licensed platform for real estate tokenization.
As per the Dubai Land Department press release, ” The pilot phase of investment in tokenized real estate, marking the activation of the digital platform mint.prypco.com. The platform enables users to generate returns and own a share in a prime real estate project in Dubai. Currently available exclusively to UAE ID holders, the platform is set to expand globally in the near future, with additional platforms to be integrated in later phases, further reinforcing Dubai’s position as a global hub for innovation in tokenized real estate.”
The project offers individuals innovative investment opportunities through the purchase of tokenized shares in ready-to-own properties in Dubai, starting from just AED 2,000. All transactions are carried out exclusively in UAE Dirhams, with no use of cryptocurrencies during the pilot phase.
DLD emphasized in their announcement that tokenized assets will represent up to 7% of Dubai’s real estate market by 2033 equivalent to $16 billion and that Prypco Mint will be at the cornerstone of this transformation.
Investing through Prypco tokenized platform saves investors 2% in fees
On LinkedIn, Prypco announced they were live on May 26th stating, “PRYPCO Mint is now live — unlocking a new era of real estate investing in Dubai.” On their website they explained, “By using PRYPCO Mint, investors pay only half the DLD fees, just 2% instead of the standard 4%, making real estate investments more affordable and accessible.”
Updated at 2:03 pm CET Time May 29th