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  • Dubai to Launch Rental Index for Shared Housing Units

    Dubai to Launch Rental Index for Shared Housing Units

    The Dubai Land Department will be responsible for establishing and periodically updating the index, according to Practical Guidance published by LexisNexis Middle East on the recently issued shared housing law, Dubai Law No. 4 of 2026. Announced in March, the new law will take effect at the end of August.

    The index will take into account the technical and service specifications of individual shared housing units, the guidance note said. However, it does not specify when the index will be launched, how rents will be calculated or whether rates will be assessed by unit, room, bed space or the area allocated to each resident.

    Dubai already operates a rental index that serves as an official benchmark for determining permitted rent increases during tenancy renewals. The new law provides for an index tailored specifically to properties licensed for shared housing.

    A note published by Mitchell’s Commercial Real Estate said the measure could make pricing across the segment more standardised, reduce informal rent-setting practices and improve transparency.

    For landlords, this could mean less scope to impose aggressive pricing in unregulated arrangements, but greater predictability in rental performance and closer alignment with market benchmarks.

    The DLD will also prepare standard tenancy and management contract templates for shared housing and publish them on its website, according to the LexisNexis guidance note.

    The contracts must record key information, including the landlord’s details, the number of occupants, information about the property and the space allocated for shared accommodation.

    The department will manage an electronic Shared Housing Register containing details of approved units, tenancy contracts and residents. This register will be linked to a unified digital permit platform operated by Dubai Municipality, the guidance note said.

    Permits mandatory

    Under the law, no person or entity will be allowed to designate a property for shared housing without first obtaining a permit.

    Permits will generally be valid for one year and may be renewed for similar periods. Owners may request a two-year permit, while renewal applications must be submitted at least 30 days before expiry.

    Dubai Municipality said they would be submitted through its digital channels once the relevant procedures and requirements are announced.

    Permits will be issued only after authorities confirm that the property meets planning, construction, health, fire, sanitation, security and electrical safety requirements. Maximum occupancy, minimum space per resident and the availability of shared facilities will also be considered, according to the guidance note.

    Owners and establishments already operating shared housing units will then have one year to bring their properties and operations into compliance. A one-time extension may be granted by the Director-General of Dubai Municipality where required, the LexisNexis note said.

    Violations may result in fines ranging from Dh500 to Dh500,000. Repeat offences within one year may attract double the original fine, up to a maximum of Dh1 million.

    The new regulatory framework arrives as Dubai’s broader residential market shows signs of stabilization following record growth, with 24,800 homes completed in the first half of 2026 and residential rents declining 2.5 percent while major developers continue to report strong sales.

  • Emaar Books Dh26.6 Billion in H1 Property Sales

    Emaar Books Dh26.6 Billion in H1 Property Sales

    The Dubai-listed developer reported EBITDA of Dh12.9 billion for the six months ended June 30, up 24 percent year-on-year, while net profit before tax increased 23 percent to Dh12.8 billion compared with the same period in 2025.

    The Dh164.9 billion property sales backlog was 13 percent higher year-on-year and reflects sales that are expected to be recognised as projects progress and units are delivered, positioning Emaar with multi-year revenue visibility.

    UAE Development Business Drives Performance

    Emaar’s UAE build-to-sell business, led by Emaar Development, recorded Dh22.4 billion in property sales during the first half, underscoring sustained demand across Dubai’s residential property market.

    Emaar Development generated revenue of Dh13.3 billion, up 34 percent year-on-year, while net profit before tax increased 41 percent to Dh7.8 billion.

    Including other UAE development operations such as Dubai Creek Harbour, consolidated revenue from the group’s UAE property development business reached Dh17.7 billion, an increase of 30 percent.

    The UAE development revenue backlog stood at Dh135.7 billion at the end of June, up 6 percent from the same period in 2025, reflecting strong pre-sales across the developer’s project portfolio.

    Emaar launched 11 projects during the first half across Emaar South, Dubai Hills Estate, The Heights Country Club, The Oasis, Rashid Yachts & Marina and Expo Living. The company also announced a new Dh200 billion masterplan during the period, adding to its longer-term development pipeline.

    Our first half results reflect the discipline, consistency, and long-term approach that define Emaar. Dubai never stands still, and neither do we. Every phase of the city’s growth creates new opportunities to raise expectations and redefine experiences. Emaar’s role is to continue building destinations that reflect Dubai’s ambition while maintaining the quality, innovation, and operational excellence that have shaped our business from the beginning.

    Mohamed Alabbar, founder of Emaar

    Large Development Land Bank Supports Pipeline

    The group held approximately 590 million square feet of mixed-use development land, including about 316 million square feet in the UAE, providing a substantial platform for future project launches.

    Its international development operations recorded Dh4.2 billion in property sales during the first half, with revenue reaching Dh1.1 billion, up 8 percent year-on-year.

    International operations accounted for about 4.6 percent of Emaar’s total revenue during the period, with Egypt and India among its key markets.

    Malls Maintain 98 Percent Occupancy

    Emaar’s shopping malls, retail and commercial leasing business generated Dh3.5 billion in revenue during the first half, an increase of 9 percent year-on-year.

    EBITDA from the segment rose 10 percent to Dh3.1 billion, while average occupancy across the portfolio remained at about 98 percent at the end of June.

    The company said leasing income remained supported by a predominantly base-rent structure despite a moderation in tenant sales.

    Emaar’s hospitality, leisure and entertainment business generated Dh1.6 billion in revenue during the period, while its UAE hotels recorded average occupancy of 60 percent.

    The group said softer international tourism flows affected the hospitality portfolio, with local and domestic demand providing some support.

    Recurring Revenue Portfolio Stable

    Recurring revenue from Emaar’s malls, hospitality, leisure, entertainment and commercial leasing assets stood at Dh5.1 billion, broadly unchanged from the first half of 2025.

    EBITDA from the recurring revenue portfolio was Dh4 billion and accounted for about 31 percent of total group EBITDA, providing a stable earnings base alongside the developer’s project sales.

    The results underscore Emaar’s position as Dubai’s largest developer by sales value, with performance aligning with broader market trends that saw the emirate complete 24,800 residential units during the first half of 2026 and record Dh221.4 billion in transaction values across 79,300 deals.

  • Jumeirah Golf Estates Villa Sells for Record Dh110 Million

    Jumeirah Golf Estates Villa Sells for Record Dh110 Million

    The transaction, completed by BXB Estates through a private off-market process, marks the highest residential sale ever recorded in Jumeirah Golf Estates and reflects continued strength in Dubai’s ultra-prime property market despite global economic uncertainty.

    The property features a built-up area of 21,714 square feet on a 15,873-square-foot plot, with six bedrooms, nine bathrooms, four lounges, a home office, private cinema, rooftop terrace and dedicated wellness facilities including a gym, sauna and treatment suite.

    According to BXB Estates, Managing Partner Alfie Tabrez negotiated the sale through private channels after the property had already been committed to another party. The buyer, initially viewing the residence for its design quality, subsequently expressed interest in acquiring the home, triggering negotiations that resulted in the record transaction.

    “At the very top end of the market, the best opportunities are rarely advertised. They’re created through trusted relationships built over many years, a clear understanding of what the client is looking for, and the ability to navigate highly sensitive negotiations with discretion,” Tabrez said.

    He added that the property’s design and quality were key factors behind the buyer’s interest, despite the home not being formally available for sale when discussions began.

    The deal is the latest sign of strength in Dubai’s luxury residential sector, which has continued to attract wealthy international investors despite geopolitical and economic volatility in several global markets. Industry analysts note that limited supply of trophy homes, coupled with strong inbound migration of high-net-worth individuals, has supported values in the emirate’s top communities.

    Dubai’s ultra-prime segment has demonstrated robust activity in 2026, with 24,800 residential units completed in the first half of the year as transaction values reached Dh221.4 billion across 79,300 deals. International investors continue to favor Dubai, with 84 percent considering the emirate more attractive than rival global markets.

    The property’s transformation was completed by BCI Fitout, whose bespoke renovation and design work helped position the residence among the most distinctive homes in the community.

    The transaction highlights the rising profile of Jumeirah Golf Estates within Dubai’s ultra-prime residential market. Known for its golf courses, low-density environment and large villa stock, the community has increasingly attracted buyers seeking long-term value and privacy as the emirate reinforces its position as a global wealth hub.

  • Dubai Adds 24,800 Homes in First Half of 2026

    Dubai Adds 24,800 Homes in First Half of 2026

    The surge in completions marked Dubai’s strongest half-year delivery period in several years, reflecting projects launched during the recent market expansion reaching handover stage. New supply increased 12 percent from the second half of 2025, according to data released by Cavendish Maxwell on July 30, 2026.

    Despite quarterly declines, residential prices remained 1.9 percent above year-earlier levels, with rents up 7.8 percent annually, signaling a shift toward more sustainable growth after two years of elevated activity.

    “Dubai’s residential market is showing clear signs of transitioning to a new cycle following exceptional levels of activity over the last two years. The fundamentals that drive real estate demand in the emirate remain intact, but the near-term outlook is being shaped by a combination of factors – including the impact of fewer launches, regional uncertainty and a broader normalisation in buyer activity – that are likely to influence transaction levels and price performance,” said Ronan Arthur, Director and Head of Residential Valuations at Cavendish Maxwell.

    Transaction volumes declined almost 14 percent year-on-year and 27 percent from the record levels recorded during the second half of 2025. Sales values fell almost 16 percent annually and 20 percent from the previous six-month period.

    Off-plan homes accounted for nearly 75 percent of transactions, with developer sales representing more than 92 percent of activity in the segment. Initial off-plan sales reached 54,700 transactions, a modest 1.5 percent decline from last year, while off-plan resales fell 51 percent to 4,600.

    New launch activity moderated significantly, with 28,000 units released across 124 projects during the first half, compared with 102,000 units across 410 launches a year earlier. The slowdown began during the first quarter after record launch volumes in 2024 and 2025, while regional uncertainty led some developers to delay projects during the second quarter.

    “Buyers aren’t stepping away, they’re simply targeting higher value inventory. Flexible payment plans and Golden Visa incentives continue to draw serious international attention. Looking into H2, we anticipate steady, moderate price growth as the market continues to mature,” said Ajay Rajendran, Founder and Chairman of Meraki Developers.

    Around 47,000 units are scheduled for completion during the second half of 2026, although Cavendish Maxwell expects actual handovers to range between 14,000 and 23,500 homes based on historical delivery rates. Apartments are likely to account for more than 82 percent of deliveries, with Jumeirah Village Circle, Dubai South, Dubai Science Park, Business Bay, Downtown Dubai and Dubai Healthcare City representing nearly 37 percent of scheduled completions.

    The longer-term pipeline includes 162,500 units scheduled for 2027 and 128,200 homes in 2028, adding to the emirate’s robust construction activity across multiple high-rise developments.

    Apartments accounted for around 84 percent of transactions across the off-plan and ready segments. Dubai South led off-plan apartment sales with 7,306 transactions, followed by Dubai Residence Complex with 3,408 and Jumeirah Village Circle with 3,055. Jumeirah Village Circle retained the top position for ready apartment sales with 1,812 transactions, while DAMAC Islands 2 led off-plan villa and townhouse activity with 3,192 deals.

    Gross rental yields averaged nearly 7 percent for apartments and 5 percent for villas and townhouses during the first half. Mortgage transactions increased 7.2 percent to 22,500, while sales of homes priced above Dh50 million rose 13 percent to 160 transactions.

    The increase in handovers follows a period of sustained rental market strength, with Dubai recording record rental contract volumes in June 2026. The supply boost coincides with quarterly rent declines that have begun easing pressure on tenants after several years of double-digit growth.

  • Dubai Dominates UAE with All 10 Tallest Skyscrapers Under Construction

    Dubai Dominates UAE with All 10 Tallest Skyscrapers Under Construction

    Dubai continues to dominate the global skyscraper race with an unprecedented pipeline of supertall towers that will reshape the emirate’s skyline by the end of the decade. According to data from Skyscraper Center released on July 29, 2026, six of the world’s 20 tallest buildings under construction are in Dubai, underscoring the city’s leadership in vertical development.

    The 725-metre Burj Azizi, developed by Azizi Developments on Sheikh Zayed Road, tops the list and is set to become the world’s second-tallest building after the Burj Khalifa when completed in 2028. The mixed-use tower will combine luxury residences, a hotel, offices, retail and observation facilities.

    Binghatti Developers leads the private sector push with multiple entries, including the 595-metre Burj Binghatti Jacob & Co. Residences in Business Bay, expected in 2027, and the 341-metre Mercedes-Benz Places in Meydan, scheduled for 2028. The developer’s partnership strategy with luxury brands reflects Dubai’s focus on attracting ultra-high-net-worth buyers.

    Tiger Properties’ 532-metre Tiger Sky Tower in Business Bay, due in 2029, will feature a unique indoor rainforest attraction alongside luxury residences and a hotel. Select Group’s 517-metre Six Senses Residences Dubai Marina, expected in 2028, will offer wellness-focused living across more than 120 storeys.

    London Gate’s 450-metre Franck Muller Aeternitas Tower in Dubai Marina, targeting 2027 completion, will become the world’s tallest branded residential clock tower, created in partnership with the Swiss luxury watchmaker.

    The remaining towers in the top ten include Binghatti’s 357-metre Skyblade in Downtown Dubai (2029), the 350-metre Trump International Hotel & Tower developed by Dar Global (2031), East & West Properties’ 348-metre Rixos Financial Center Road Dubai Residences (2028), Al Habtoor Group’s 345-metre Al Habtoor Tower overlooking Dubai Water Canal (2027), and the Mercedes-Benz branded tower in Meydan.

    The concentration of luxury-branded developments—featuring partnerships with Jacob & Co., Mercedes-Benz, Franck Muller, Rixos, Six Senses, and the Trump Organization—illustrates Dubai’s strategy of combining real estate with international prestige brands to maximize appeal to global investors.

    Most projects integrate multiple uses including residences, five-star hotels, observation decks, restaurants and retail to maximize land value and tourism appeal. This vertical expansion comes as Dubai residential rents declined 6.2 percent quarter-on-quarter in Q2 2026 following substantial new supply delivery.

    The development pipeline reinforces Dubai’s position as the city with the world’s largest concentration of ultra-tall buildings outside China, with all top ten towers concentrated in prime locations including Business Bay, Dubai Marina, Downtown Dubai, Sheikh Zayed Road and Meydan.

    The completion timeline spans from 2027 to 2031, with the majority of towers scheduled for delivery between 2027 and 2029, adding significant luxury residential and hospitality inventory to a market that recorded 87,800 real estate transactions worth Dh291.7 billion in the first half of 2026.

  • Dubai Rents Fall 6.2% in Q2 as Offices Hold Strong

    Dubai Rents Fall 6.2% in Q2 as Offices Hold Strong

    Tenants in Dubai experienced measurable relief during the second quarter of 2026, with average residential rents falling 6.2 percent from the previous three months and 2.6 percent year-on-year, according to CBRE Middle East’s UAE Real Estate Market Review released on July 29, 2026.

    Home sales prices remained 1.9 percent higher year-on-year, indicating market stabilization rather than correction following several years of sustained growth.

    Around 18,000 residential units were completed across Dubai during the first half of the year, adding inventory and creating more options for tenants and buyers.

    Home Sales Slow from Last Year

    Fewer than 37,000 residential transactions were recorded in Dubai during the second quarter, a 29 percent decline from more than 51,000 sales in the same period of 2025.

    The total value of transactions reached Dh88 billion, compared with nearly Dh154 billion a year earlier.

    CBRE linked the slowdown to softer demand, fewer new project launches and increased housing supply during the first six months of the year.

    Office Rents Continue to Rise

    Dubai’s office market continued to record strong demand, particularly for high-quality space in major commercial districts and free zones.

    Average office rents increased 13 percent in the year to the end of the second quarter, while prime office rents rose 16 percent, consistent with broader trends across the UAE where office rents surged 13 percent year-on-year.

    Occupancy remained at approximately 94 percent, reflecting the limited availability of Grade A offices across the city.

    Demand remained concentrated in DIFC, TECOM and DMCC, where companies continued to lease space in future developments before construction was completed.

    Abu Dhabi recorded similar conditions, with average office rents rising nearly 16 percent and occupancy reaching approximately 96 percent.

    Demand was strongest in Abu Dhabi Global Market, supported by growth among financial services companies, hedge funds and investment firms.

    While several sectors have seen a moderation in performance, the impact has been uneven, with office and industrial markets continuing to benefit from limited supply and sustained occupier demand.

    Matthew Green, Head of Research at CBRE MENA

    Abu Dhabi Homes Record Strong Growth

    Abu Dhabi’s residential market continued to attract buyers during the second quarter, with property values rising 21.6 percent from a year earlier.

    Apartment prices increased 24.4 percent, while average rents remained 3.6 percent higher year-on-year despite some moderation during the quarter.

    Residential sales reached Dh32 billion, marking a 150 percent increase from the same period of 2025, while the number of transactions rose by around 80 percent, reflecting sustained momentum in the emirate’s real estate market.

    Off-plan homes accounted for approximately 83 percent of transactions and 85 percent of total sales value.

    Retail and Industrial Sectors Maintain Momentum

    Retail properties continued to record high occupancy despite softer tourist spending, with occupancy remaining at approximately 98 percent in Dubai and 95 percent in Abu Dhabi.

    Dubai retail rents increased by around 3 percent, while rates in Abu Dhabi remained largely stable.

    Industrial and logistics property remained one of the strongest segments of the UAE real estate market, supported by manufacturing investment, supply chain localization and foreign direct investment.

    Industrial exports reached Dh262 billion in 2025, while government programmes including Operation 300bn continued to support manufacturing and logistics activity.

    CBRE expects the UAE economy to record a marginal contraction of 0.04 percent in 2026 following disruption to trade, tourism, aviation and other consumer-facing sectors.

    “What remains particularly noteworthy is the speed and scale of the UAE’s policy response, from supporting business continuity and trade flows to advancing economic partnerships and diversification initiatives,” Green said.

    “Although near-term conditions are likely to remain challenging, the country’s long-term growth trajectory remains supported by structural reforms, strategic investment and its position as a leading hub for trade, capital and talent.”

  • Binghatti H1 Profit Jumps 64% to Dh3 Billion on Dubai Demand

    Binghatti H1 Profit Jumps 64% to Dh3 Billion on Dubai Demand

    Binghatti Holding posted robust financial results for the first half of 2026, with revenue climbing 50 percent year-on-year to Dh9.5 billion during the six months ended June 30, the Dubai-based developer announced on July 27, 2026.

    Gross profit rose 66 percent to Dh4.3 billion, while earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 75 percent to Dh3.8 billion, reflecting continued growth across the business.

    The developer launched eight projects during the first half, including Mercedes-Benz Places | Binghatti City, the company’s first master-planned community, and Tilal Binghatti, its first villa development. The company delivered around 1,700 residential units during the period.

    “The first half of 2026 combined strong financial performance with important strategic progress across our platform. We expanded into new development segments while maintaining delivery discipline across our portfolio,” said Muhammad Binghatti, Chairman of Binghatti Holding.

    Binghatti’s development backlog reached Dh44.2 billion, while revenue backlog stood at Dh17.3 billion at the end of June, providing strong visibility for future earnings. The company also maintained liquidity of around Dh10 billion.

    During the period, Binghatti completed a $500 million sukuk maturing in 2031, which was 4.3 times oversubscribed, reflecting strong demand from regional and international investors. Moody’s reaffirmed the company’s Ba3 corporate credit rating.

    Chief Financial Officer Shehzad Janab said the results highlighted the resilience of Binghatti’s business model despite heightened regional volatility, with improving profit margins and the sizeable revenue backlog providing strong visibility over future earnings.

    The performance comes as Dubai’s off-plan property market continues to attract strong investor interest, with the emirate recording 87,800 real estate transactions worth Dh291.7 billion in the first half of 2026.

    Looking ahead, Binghatti said Dubai’s residential market continues to benefit from population growth, long-term residency initiatives and economic diversification, with demand increasingly driven by end-users and long-term residents rather than speculative investors.

    The developer’s results align with broader market trends showing strength across all price segments in Dubai’s residential sector as the market transitions toward more sustainable, end-user-focused growth in 2026.

  • Union Properties Plans Dh2 Billion Dubai Community After 68% Revenue Jump

    Union Properties Plans Dh2 Billion Dubai Community After 68% Revenue Jump

    Union Properties is progressing with a new Dh2 billion master-planned residential development as the company transitions from financial restructuring to an active growth phase backed by strengthening cash flows and improved operational performance.

    The planned community will feature approximately 167 townhouses, villas and bungalows, and is currently undergoing the approval and permitting process. The project forms part of Union Properties’ expanding portfolio, which includes the ongoing Takaya and Mirdaf developments.

    Revenue increased 68 percent year-on-year to Dh529.3 million during the first half of 2026, compared with Dh316 million in the corresponding period of 2025. Gross profit rose 41 percent to Dh107 million from Dh75.6 million, reflecting higher revenue and improved operating efficiencies.

    Second-quarter revenue climbed 69 percent to Dh257.8 million, while gross profit reached Dh48.6 million during the period.

    Through disciplined execution, we have strengthened our balance sheet, enhanced operational efficiency and built a high-quality development pipeline that is now translating into tangible financial results.

    Eng. Amer Khansaheb, Chief Executive Officer and Board Member of Union Properties, said the company now has clear visibility over future earnings. “With approximately Dh4 billion of projects under development, Dh3.87 billion in potential development revenue with higher margins yet to be recognised, and a strong liquidity position, we have clear visibility over future earnings and significant capacity to pursue further growth,” he stated.

    Development revenue of Dh101.6 million was recognised during the first half, leaving the majority of the Dh3.87 billion pipeline to flow through financial results over the next two and a half years as construction progresses and project milestones are achieved.

    Union Properties maintained average cash balances exceeding Dh400 million during the first six months, providing the developer with funding for construction activity, new project launches and further expansion while preserving capital structure discipline.

    The company is using its in-house contracting arm, Tetra Edge, to manage execution and project margins across its portfolio as it accelerates delivery timelines.

    Management confirmed that development revenue is expected to account for a growing share of financial performance as work advances on existing projects and new phases enter the market. The developer indicated it will continue focusing on project delivery, portfolio expansion and profitability growth over the coming years.

    Union Properties’ results reflect broader momentum across Dubai’s diversified property market, where demand remains strong despite moderating price growth in certain segments. The company’s multi-year revenue visibility positions it to benefit from sustained investor and end-user interest as commercial and residential sectors continue expanding.

  • Union Properties Plans Dh2 Billion Dubai Residential Community After 68% Revenue Jump

    Union Properties Plans Dh2 Billion Dubai Residential Community After 68% Revenue Jump

    The planned master development is currently navigating the approval and permitting process and forms part of Union Properties’ broader Dh4 billion project pipeline, which includes ongoing construction at its Takaya and Mirdaf developments.

    Revenue for the first six months of 2026 reached Dh529.3 million, compared with Dh316 million during the same period in 2025. Gross profit rose 41% to Dh107 million from Dh75.6 million, supported by higher revenue, operating efficiencies and continued project execution.

    Second-quarter revenue increased 69% year-on-year to Dh257.8 million, compared with Dh152.4 million in the corresponding period of 2025. Gross profit reached Dh48.6 million during the quarter.

    Through disciplined execution, we have strengthened our balance sheet, enhanced operational efficiency and built a high-quality development pipeline that is now translating into tangible financial results.

    Eng. Amer Khansaheb, Chief Executive Officer and Board Member of Union Properties, said the company now has clear visibility over future earnings and significant capacity to pursue further growth.

    The developer recognised Dh101.6 million in development revenue during the first half, leaving the bulk of its current project pipeline to flow through financial results over the next two and a half years as construction continues and unit handovers accelerate.

    Union Properties expects development revenue to account for a greater share of its financial performance as work progresses across its portfolio. Its in-house contracting business, Tetra Edge, is being used to manage execution and project margins.

    Union Properties maintained average cash balances exceeding Dh400 million during the first half, providing funds for construction, project launches and further expansion while retaining a prudent capital structure.

    The results mark the developer’s transition from financial restructuring towards a growth phase supported by its development pipeline, improved liquidity and higher project activity. Management confirmed it will continue to focus on accelerating project delivery, expanding the company’s portfolio and increasing revenue and profitability over the coming years.

    Union Properties’ expansion comes as Dubai’s property market shows strength across multiple price segments, with developers recording robust sales volumes through diverse project portfolios in 2026.

  • Dubai Lowers Tokenized Real Estate Entry to Dh1,000

    Dubai Lowers Tokenized Real Estate Entry to Dh1,000

    The platform announced the change in a message to customers on Friday, stating the reduction would make ownership of real estate tokens more accessible while giving investors greater flexibility to build and diversify their portfolios across Dubai’s residential market.

    PRYPCO MINT allows users to invest in fully funded properties with the potential to generate rental income and capital appreciation, while also enabling the buying and selling of property tokens on the secondary market without mandatory holding periods.

    The move is part of the platform’s strategy to widen participation in the emirate’s growing tokenized property market by reducing the capital required to enter the sector.

    Strong Market Performance

    Since Dubai launched its real estate tokenization initiative on May 25, 2025, the Dubai Land Department has listed 10 tokenized properties through PRYPCO MINT, all of which were fully funded within record times, in some cases in less than two minutes, underscoring strong investor demand for digital real estate products.

    The platform said investors can spread their capital across multiple properties in Dubai, helping diversify risk and gain exposure to a broader range of real estate assets without the traditional barriers associated with direct property ownership.

    Regulatory Framework

    Dubai’s real estate tokenization programme operates under a regulatory framework developed by the Dubai Land Department in partnership with the Dubai Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE and the Dubai Future Foundation through the Real Estate Sandbox initiative.

    The lower entry threshold comes as Dubai’s property market maintains strong momentum, with traditional real estate transactions continuing to attract significant investor interest alongside emerging digital alternatives.

    The tokenization model represents a significant shift in how investors can access Dubai’s real estate market, offering fractional ownership opportunities that were previously unavailable to smaller investors while maintaining regulatory oversight and transparency through blockchain technology.