Dubai’s VARA

Dubai luxury property boom hit new record before tariff turmoil

The surge in Dubai’s luxury real estate market persisted into the first quarter, with affluent buyers once again fueling record-breaking sales of properties priced over $10 million. Between January and March 2025, a total of 111 homes were sold, amassing a combined value of $1.9 billion, reflecting a 5.7% growth compared to the same period in the previous year, according to Knight Frank. The brokerage...

Dubai’s VARA alerts public about fake participants in real estate tokenization initiative

Dubai's regulatory body seeks to fortify marketing compliance in burgeoning digital asset ventures. The Dubai Virtual Assets Regulatory Authority (VARA) has released a public advisory, cautioning against unauthorized groups falsely associating themselves with the Dubai Land Department’s (DLD) Real Estate Tokenization Project. In an official update dated April 23, VARA underlined that the initiative,...

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