Dubai has officially launched the pilot phase of its real estate tokenisation project, aiming to attract more investment into the property market. This initiative is designed to diversify ownership by enabling multiple investors to co-own a single property, which could open new avenues for investment in the real estate sector.

The pilot project is part of Dubai’s broader strategy to enhance its appeal to investors and modernize its real estate landscape. By allowing fractional ownership through tokenisation, the initiative seeks to make property investment more accessible to a wider range of people, potentially increasing participation in the market.

Officials believe that this innovative approach could significantly transform how real estate transactions are conducted in Dubai. The project is expected to attract a diverse pool of investors, thereby stimulating growth and development within the local property sector.