Fractional Property Investment Kicks Off with Prypco Mint
Dubai is stepping into the future of real estate with a bold move, launching the region’s first tokenized real estate platform, Prypco Mint. Spearheaded by the Dubai Land Department, this groundbreaking initiative is part of the city’s commitment to driving innovation through PropTech, in collaboration with Prypco Holding, VARA (Virtual Assets Regulatory Authority), the UAE Central Bank, and the Dubai Future Foundation via the Real Estate Sandbox.
Through this pilot project, mint.prypco.com now offers users a chance to invest in premium Dubai properties starting from just AED 2,000, allowing smaller investors to access high-value real estate without needing to buy entire units.
Fully Regulated, Dirham-Only Transactions
Unlike many global tokenized platforms, Dubai’s model excludes cryptocurrency at this stage. All transactions happen exclusively in UAE dirhams. This ensures regulatory clarity and minimizing financial volatility. This aligns the project firmly with UAE financial laws while making it more accessible to traditional investors.
Zand Digital Bank will now act as the exclusive banking partner during the pilot phase. In effect, enabling secure, regulated, and seamless transactions for all users.
What’s Tokenized, and Who Can Invest?
For now, the platform is open only to UAE nationals, but plans are already in motion to expand globally. As part of the first phase, only ready properties are eligible for tokenization. These properties are vetted and price-approved by the Dubai Land Department to ensure fairness and transparency.
Key highlights of the first phase:
- âś… Tokenization available only through VARA-licensed companies
- ✅ No cryptocurrency involvement – fiat only (AED)
- âś… Initial user base limited to UAE nationals
- âś… Investment from AED 2,000 onwards
- ✅ Ready properties only—no off-plan or under-construction assets
Currently, Prypco and Ctrl Alt are the first two firms licensed to tokenize real estate on the platform, with more companies expected to join in upcoming phases.
A Major Leap in PropTech Innovation
This pilot is part of the Dubai Land Department’s wider REIIS (Real Estate Innovation Incubator Strategy), a strategic initiative aimed at positioning Dubai as a global hub for PropTech and AI-powered real estate solutions.
REIIS focuses on:
- Fostering a flexible and innovation-friendly regulatory framework
- Attracting global PropTech talent and startups
- Advancing digital transformation in real estate transactions
- Encouraging public-private partnerships
Officials believe this move will reshape the way people invest in and interact with real estate, bringing accessibility, efficiency, and innovation to one of the world’s most valuable asset classes.
What’s Next?
With international expansion on the horizon and more companies expected to join the platform, Dubai is clearly setting the stage for a tokenized, tech-driven future in real estate. This marks just the beginning of what could become a multi-billion-dollar global market in fractional property ownership, led by a forward-thinking city determined to stay ahead of the curve.