PRYPCO Mint is set to release its second tokenised real estate listing on June 11, following strong investor interest in its debut offering earlier this year.
PRYPCO Mint second listing
The upcoming property features a one-bedroom apartment in Kensington Waters, Mohammed Bin Rashid City. The apartment is valued at Dhs 1.5 million and will be offered at a rate below its estimated market value of Dhs 1.875 million.
Fractional ownership starts from Dhs 2,000, allowing investors to gain exposure to Dubai’s real estate market at lower entry points.
Amira Sajwani, Founder and CEO of PRYPCO, said: “The incredible response to our first tokenised 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. At PRYPCO, our mission is to democratise property ownership, and this is just the beginning.”
First sale draws demand
PRYPCO Mint launched on May 25, 2025, as a joint initiative between the Dubai Land Department (DLD) and PRYPCO, with licensing from the Virtual Assets Regulatory Authority (VARA).
The platform’s first listing—a two-bedroom apartment in Business Bay—was fully funded in under 24 hours by 224 investors from more than 40 countries. The apartment was listed at Dhs 2.4 million, below the DLD’s valuation of Dhs 2.89 million, with an average investment of Dhs 10,714 per investor.
In a regulatory milestone, DLD issued blockchain-backed Property Token Ownership Certificates to investors in the first property, marking a new step in formalising tokenised ownership in Dubai’s legal system.
Blockchain-backed ownership
The real estate tokenisation initiative is part of a wider regulatory framework created by DLD in collaboration with VARA, the Central Bank of the UAE, and Dubai Future Foundation’s Real Estate Sandbox. The platform’s blockchain infrastructure is supported by Ctrl Alt using the XRP Ledger, while Zand Bank serves as the financial partner.
Currently limited to UAE residents with valid Emirates IDs, the platform is expected to open to international investors in future phases. PRYPCO Mint targets digital-first investors, including millennials and first-time buyers, offering a mobile-enabled, low-barrier approach to real estate ownership in Dubai.
