Dubai Land Department’s latest tokenized property offering was fully funded in just one minute and 58 seconds, highlighting growing interest in digital real estate investment in the emirate.
The second project launched through the “PRYPCO Mint” platform attracted 149 investors from 35 different nationalities. The rapid response pushed the platform’s waiting list to over 10,700 individuals, reflecting increased demand for fractional property ownership.
High demand for digital assets
The offering is part of Dubai’s official Property Tokenization Initiative. The PRYPCO Mint platform allows users to invest in ready properties by purchasing digital shares, with a focus on accessibility and efficiency.
“The project’s full funding in under two minutes shows the rising confidence in tokenized assets as a tool for property investment,” a Dubai Land Department spokesperson said.
Future market outlook
Dubai Land Department said that tokenized assets are expected to play a key role in the emirate’s real estate market by 2033. As more projects and partnerships are added to the PRYPCO Mint platform, interest in this investment model is anticipated to rise further.
The department has encouraged potential investors to register in advance to participate in future offerings, which may sell out quickly.
tanvir@dubainewsweek.com
