Dubai is positioning itself at the forefront of real estate innovation by planning to tokenize $16 billion worth of property by 2033. This represents an estimated 7 percent of all real estate transactions in the emirate, and the system is being built on the XRP Ledger.
According to updates shared by a digital assets expert, XRP Investing on X, the project is not a concept but an active transition already underway.
The Dubai Land Department (DLD) leads the initiative, with key support from the Virtual Assets Regulatory Authority (VARA), the Dubai Future Foundation, and the Central Bank of the UAE. Their involvement signals a coordinated push by state institutions to bring blockchain into mainstream property markets.
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All tokens issued in this framework are backed by actual, verified property titles registered on official systems. This means communications with the Dubai real estate registry are established and secure.
Real estate owners cannot reap the benefits of fractional ownership until it is officially launched. Even though deployment is still in its trial phase today, there are signs it could be operational soon.
⚠️🚨DUBAI JUST DID WHAT THE REST OF THE WORLD ONLY TALKS ABOUT.
They’ve started tokenizing real estate on the XRP Ledger.
Yes, it’s real. The pilot is live. And it could change everything.
Let me show you what’s happening. 🧵👇🏻 pic.twitter.com/iIcB7ITGv8
— All Things XRP (@XRP_investing) May 18, 2025
Authorities and service providers are making improvements to ensure everything runs smoothly when the time comes.
State-Led Digital Shift Signals Broader Blockchain Integration
This project is part of Dubai’s wider Real Estate Strategy 2033, which aims to become a global hub for property technology. Tokenization is just one step in a multi-phase plan to digitize real estate processes and attract technology-driven investment.
With the XRP Ledger being used, Dubai can rely on its fast operations, large-scale ability, and adaptations to regulatory policies. This allows real-time verification and efficient handling of property data, improving transparency and reducing operational delays.
It ensures there are no unregistered assets or information about digital property. Digital tokens are represented by actual real estate titles, ensuring the process is safe and transparent for all.
This action proves that Dubai values modernizing real estate buying and selling. Establishing a secure and open property market on the blockchain is now possible because of the cooperation of significant regulators.
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