In a groundbreaking move reinforcing Dubai’s role as a pioneer in real estate innovation, PRYPCO Mint—an initiative by the Dubai Land Department (DLD) in collaboration with PRYPCO and licensed by the Virtual Assets Regulatory Authority (VARA)—is set to launch its second fully tokenized property listing on 11 June 2025.

The newly offered property is a one-bedroom apartment located in Kensington Waters, within Mohammed bin Rashid City. It is priced at AED 1.5 million, offering a significant discount compared to its estimated market value of AED 1.875 million. The unit is available through fractional ownership, allowing investors to start with contributions as low as AED 2,000. This approach continues PRYPCO Mint’s mission to make premium real estate investment accessible to a broader audience.

This move comes on the heels of the platform’s first major success: a two-bedroom property in Business Bay that was fully funded within just 24 hours. That launch attracted 224 investors from over 40 nationalities, with each investor contributing an average of AED 10,714. The property was listed at AED 2.4 million, notably below the official valuation of AED 2.89 million by the Dubai Land Department. Investors received blockchain-based title ownership certificates, marking a historic regulatory milestone for tokenized real estate in the region.

Amira Sajwani, Founder and CEO of PRYPCO, expressed confidence in the platform’s approach, stating, “The incredible response to our first tokenized property proved that investors are ready for a smarter, more accessible way to invest in real estate. With our second property, we’re continuing to break down traditional barriers and offer high-quality opportunities to a broader, more diverse audience.”

The project operates within a robust regulatory and technological ecosystem. It is part of Dubai’s Real Estate Tokenization initiative, developed under the guidance of the Dubai Land Department in partnership with VARA, the UAE Central Bank, and the Dubai Future Foundation via the Real Estate Sandbox. The blockchain infrastructure is managed by Ctrl Alt using the XRP Ledger, while Zand Bank serves as the official banking partner, ensuring secure and compliant financial transactions.

PRYPCO Mint specifically targets tech-savvy investors, millennials, and first-time buyers by offering a seamless, mobile-accessible platform that turns traditionally high-barrier real estate into flexible, digitized assets. At present, the service is available exclusively to UAE residents with Emirates IDs, though future plans aim to expand access to international investors.

The tokenization of real estate in Dubai is transforming the market by making luxury property ownership accessible at an entry point previously unthinkable. As the city continues to embrace blockchain technology, PRYPCO Mint’s efforts signal a new era in property investment—one where flexibility, transparency, and inclusivity define the future.