Dubai to Develop System for Virtual Property Transactions

Dubai's Land Department and Crypto.com have partnered to create a blockchain-powered platform for virtual real estate investments, supporting Dubai's Real Estate Strategy 2033 and its Dh1 trillion transaction goal. This initiative, formalized on July 6, 2025, aims to establish a secure, fully digital system for tokenized property assets, revolutionizing how people buy, sell, and invest in real estate.

The collaboration will explore the use of digital currencies and blockchain technology for real estate transactions. This includes investor verification, digital custody solutions, streamlined settlements, and the tokenization of property assets. The goal is to enhance transparency, increase liquidity, and simplify access for investors.

Crypto.com will provide the technological expertise and advisory support, while the Dubai Land Department will ensure regulatory compliance and oversee pilot projects within the existing legal framework. This partnership aligns with Dubai's broader embrace of digital currencies, as evidenced by the recent allowance of digital currency payments for government fees.

This move positions Dubai as a leader in digital real estate innovation, potentially attracting global investors seeking advanced, tech-driven opportunities in a rapidly expanding city. The initiative promises to transform the real estate market, making it more accessible and efficient for investors worldwide.