According to the Dubai Land Department, the robust growth is largely attributed to the emirate’s advanced regulatory framework
The cooperation aims to leverage Dubai’s position as a major investment destination by expanding property access to a broader range of businesses
The agreement sets out a joint framework for conducting technical and regulatory studies, focusing on the development of streamlined mechanisms for property transaction registration
The DLD’s tokenisation project is seen as a major milestone in digital real estate transformation
Founding partners include leading developers such as Binghatti, Majid Al Futtaim, Sobha Realty, Union Properties, and infrastructure provider Transguard
The First-Time Home Buyer programme offers aspiring Emirati and expatriate homeowners priority access to new launches, preferential prices, and tailored mortgage solutions
All tokenised offerings during the pilot phase must come from companies licensed by VARA
This move positions Dubai at the forefront of integrating virtual assets into the real estate sector
The agency had previously issued circulars and warnings to emphasise the provisions and conditions of real estate advertising and ensure compliance
DLD data showed that 221 plots were sold for Dhs1.18bn, while 1,889 apartment and villa purchases worth Dhs4.93bn were made