Dubai Land Department has achieved a groundbreaking milestone in real estate tokenization, selling two premium apartments through its “Prepeace Mint” platform in just 12 minutes. A total of AED 3.4 million was raised across 426 investors on Wednesday, July 16, 2025.

First Property – AED 1.86 Million in 3 Minutes

A modern one-bedroom apartment in Dubai Marina’s LEV Residence was fully funded within 3 minutes by 258 investors. With fractional ownership tokens starting at just AED 2,000, this offering opens high-end real estate to a broader audience.

Second Property – AED 1.6 Million in 9 Minutes

A luxurious one-bedroom residence in Mohammed Bin Rashid City’s Shoba Creek Vistas Grand tower followed suit, securing AED 1.6 million from 204 participants in 9 minutes.

Since the tokenization initiative launched on May 25, the department has introduced five properties, all of which were fully funded within record times—some in under two minutes—underscoring robust investor enthusiasm for these blockchain-enabled assets.

Innovative Tokenization Framework

Dubai’s tokenization program operates under a regulatory sandbox overseen by the Land Department, Dubai’s Financial Services Authority (VARA), the UAE Central Bank, and Dubai Future Foundation. Infrastructure is powered by Ctrl Alt on the XRP Ledger, while Zand Bank serves as the official financial partner, ensuring secure and compliant financial integration.

This success illustrates both the efficiency of blockchain-powered fractional ownership and the high demand among investors for innovative real estate opportunities in Dubai.