Prypco Mint’s First Tokenised Property Fully Funded in Just 24 Hours
Last week, Prypco Mint, the MENA region’s first tokenised real estate investment platform backed by the Dubai Land Department (DLD), achieved a significant milestone. Its first listed property was fully funded within one day, marking a regional benchmark for speed, investor demand, and market confidence.
The breakthrough drew participation from 224 investors representing over 40 nationalities. Remarkably, 70% of these investors were entering Dubai’s real estate market for the first time, with an average investment of AED 10,714. Prypco commented that this early success “highlights the platform’s wide appeal and the growing appetite for accessible, tech-enabled real estate opportunities in the region.”
“To see our first property fully funded in just a day reflects not only the strength of the concept but also a clear market demand for smarter, more accessible investment solutions,” said Amira Sajwani, CEO of Prypco.
Massive Demand and Investor Waitlist Surges
The initiative is drawing substantial interest, boasting a waitlist exceeding 6,000 requests. According to DLD, “this surge in demand reflects Dubai’s growing appeal to new segments of global investors seeking innovative and accessible property ownership models.”
What Is Tokenised Real Estate?
Tokenised real estate allows individuals to own a share of a premium Dubai property via blockchain-based tokens, starting from as little as AED 2,000. This concept enables fractional ownership of physical assets through digital tokens.
Joseph Dahrieh, Managing Principal at forex brokerage Tickmill, explained:
“A tokenised real estate project involves converting ownership rights or the economic value of a physical property into digital tokens that are recorded and traded on a blockchain platform.”
Speaking to Business Recorder, Dahrieh elaborated:
“This process enables fractional ownership, making property investment more affordable. It enhances liquidity by simplifying buying and selling, lowers investment thresholds, and strengthens transparency through immutable blockchain records.”
Secure Ownership and Benefits for Investors
Prypco’s platform transforms physical real estate into digital tokens, each linked to a legally recognized Property Token Ownership Certificate issued by the DLD.
This structure allows investors to enjoy benefits like rental income, capital appreciation, and liquidity, all without the traditional administrative burdens. The Dubai Land Department added that the certificate guarantees “a transparent and secure investment experience without the complexities of traditional property management.”
Currently, the service is exclusive to UAE ID holders, but global expansion is expected soon.
Strong Regulatory Backing Ensures Transparency
This pioneering platform is jointly managed by:
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Dubai Land Department (DLD) — overseeing physical assets.
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Virtual Assets Regulatory Authority (VARA) — regulating digital assets.
Together, they provide an integrated and transparent regulatory framework for this advanced investment model.
“The collaboration ensures an integrated and transparent regulatory framework for this new and innovative model of property investment,” said DLD.
No Cryptocurrencies in Pilot Phase, Full Transparency
All platform transactions are conducted exclusively in UAE Dirhams during the pilot phase—no cryptocurrencies are involved.
Investors can access comprehensive property data including:
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Pricing
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Risk factors
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Technical specifications
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Minimum investment requirements
The Central Bank of the UAE currently oversees the Client Money Account system, ensuring that corporate accounts linked to real estate tokenization are safeguarded, providing additional investor protection.
What This Means for Dubai’s Real Estate Sector
According to Joseph Dahrieh, this project marks a transformative shift in real estate investment by:
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Democratizing access
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Improving market liquidity
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Increasing transaction efficiency
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Providing developers with new fundraising channels
He stated,
“Tokenization signifies a major transformation aimed at democratizing investment and enhancing market dynamics. It lowers investment barriers, attracting new retail and global investors.”
Strategically, this initiative aligns with both the Dubai Economic Agenda D33 and Real Estate Strategy 2033, strengthening Dubai’s position as an innovative global investment hub.
The DLD projects that tokenised real estate could account for AED 60 billion, or 7% of the total market, by the year 2033.
A Step Toward Dubai’s Real Estate Tech Revolution
This development is part of DLD’s Real Estate Evolution Space Initiative, designed to elevate Dubai’s profile in PropTech and artificial intelligence. The initiative supports:
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A flexible legislative environment
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The attraction of global talent and startups
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Greater competitiveness for Dubai in the real estate sector
According to DLD, this is just the beginning of a new era for real estate investing in the region—one that merges innovation, inclusivity, and technological sophistication.
