The Dubai Land Department (DLD) has launched the “First Property Ownership” programme aimed at supporting UAE citizens and residents interested in purchasing property for the first time. This initiative, announced on Wednesday, is a collaboration with local real estate development companies and various banking institutions. The programme aims to assist more than 5,000 beneficiaries by...
The Dubai Land Department (DLD) has announced that Emirati citizens interested in participating in the ‘Dubai Real Estate Broker Programme’ can now register through a dedicated link on its official website. Since its launch, the programme has garnered significant interest from citizens eager to enter the real estate brokerage sector, reinforcing its role as a...
The Dubai real estate sector recorded a significant total of AED17.73 billion ($4.8 billion) in transactions last week, as reported by the Land Department. This surge in activity highlights the ongoing vibrancy of the property market in the region. Sales transactions were the main contributor, amounting to AED13.22 billion ($3.6 billion), according to the data....
PRYPCO Mint has announced the launch of its second tokenised property, building on the success of its inaugural listing that was fully funded in under 24 hours. This new property will go live on 11 June 2025, reinforcing investor confidence in fractional property ownership and enhancing Dubai’s reputation as a leader in real estate innovation...
Dubai’s real estate market is undergoing a significant transformation, with tokenisation gaining traction. In May alone, property sales processed through blockchain-based platforms exceeded $399 million, which represents 17.4% of the total real estate transactions for the month. This shift towards digitised ownership models highlights a growing trend in the market. The developments in Dubai’s real...
The Dubai real estate sector experienced significant activity last week, recording a total of AED22.94 billion ($6.25 billion) in transactions, according to data from the Land Department. This figure highlights the ongoing strength of the market, driven primarily by robust sales transactions. Out of the total transactions, sales transactions accounted for AED18.39 billion ($5 billion)....
Dubai’s real estate market is rapidly embracing tokenisation, with more than 6 000 individuals joining the waitlist for Prypco Mint, a new platform that enables users to purchase fractional shares of property through secure digital tokens. This innovative approach is revolutionizing how people invest in real estate in the emirate. Credit: WAM The Dubai Land...
The Dubai Land Department has unveiled the world’s first Property Token Ownership Certificate, following the successful sale of the initial tokenized real estate project on the ‘Prypco Mint’ platform, which is licensed by the Virtual Assets Regulatory Authority (VARA). This groundbreaking initiative was launched with remarkable speed, achieving the sale within just one day of...
Rents in Dubai are expected to remain under pressure in 2025 and 2026 due to a significant influx of over 200 000 new residential units entering the market. This assessment comes from Fitch Ratings, which highlights that the local property market will be tested by this large supply. According to Fitch, “Rent prices in most...
DXC Technology, a prominent global technology services provider, has unveiled its new offering, DXC Complete with SAP and Microsoft. This initiative aims to support SAP customers in transitioning to modern solutions, facilitating their RISE with SAP and GROW with SAP journeys, alongside SAP Business AI solutions hosted on Microsoft Azure. As a Managed Service Provider...