Property Tokenization Platform Sells Out Quickly

Prypco Mint, a Dubai-based property tokenization platform, is expanding its reach and plans to welcome international investors soon. Currently, the platform allows only Emirates ID holders to participate in tokenized property deals. This announcement follows the successful funding of its third property, a villa in Dubailand's Rukan Community, which was completed in under five minutes.

The Dh1.75 million villa was tokenized by 169 investors from 40 nationalities, with an average investment of Dh10,355. This rapid sell-out reinforces the strong investor demand for accessible real estate ownership. Prypco Mint, licensed by Dubai's Virtual Assets Regulatory Authority (VARA) and in partnership with the Dubai Land Department (DLD), previously set records with its initial launches, including the region's first tokenized property funded in under 24 hours and a second in under two minutes.

Tokenized assets are projected to comprise up to 7% of Dubai's real estate market by 2033, with an estimated value of Dh60 billion. Prypco Mint is preparing to launch two more tokenized properties on July 15, providing further opportunities for investors to co-own Dubai real estate starting from Dh2,000.