Dubai has taken a groundbreaking step in real estate investment by launching Prypco Mint, the Middle East’s first government-backed platform for tokenized property ownership. This initiative enables individuals to invest in shares of physical properties, starting from just AED 2,000 (approximately $545), making property investment more accessible than ever before.

Bringing Prypco Mint to life has been a joint effort among several key players in Dubai’s financial and technology landscape. At the forefront is the Dubai Land Department (DLD), which has worked closely with blockchain firms Prypco and Ctrl Alt to lay the foundation for the platform. The project also benefits from backing by national regulators and institutions, including the UAE Central Bank, the Virtual Assets Regulatory Authority (VARA), and the Dubai Future Foundation. For the initial rollout, Zand Digital Bank has stepped in to manage banking operations and ensure every transaction is handled in a secure and compliant manner.

How It Works: A New Way to Own Property

The concept is simple but revolutionary. Instead of buying a whole property, users purchase a small share—essentially a slice of ownership—via digital tokens. These tokens are minted on the XRP Ledger, a trusted blockchain platform known for its speed and transparency. What’s more, the tokenized ownership is officially recognized, thanks to direct integration with Dubai’s property registry. That means every investor receives digital proof tied to real legal ownership.

Unlike many blockchain ventures, Prypco Mint isn’t dealing with cryptocurrencies—at least not yet. All transactions during this pilot stage are carried out in UAE Dirhams, making it more approachable for residents who are new to digital assets. Right now, access is limited to UAE nationals and residents with a valid Emirates ID, though broader availability is expected as the platform matures.

Investor Safety and Earning Potential

To protect investor funds, Prypco Mint uses a secure holding system known as a Client Money Account (CMA). Managed under the oversight of the DLD, VARA, and the UAE Central Bank, this setup ensures that no money changes hands unless all parts of a transaction are verified and complete.

Returns for investors could come in two forms: passive income from rent, and long-term gains if the property appreciates in value. Each listing includes transparent, easy-to-read details—covering price, risk levels, technical specs, and more—so buyers can make confident decisions without needing to be real estate experts.