{"id":126714,"date":"2025-04-08T14:18:04","date_gmt":"2025-04-08T14:18:04","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126714"},"modified":"2025-04-08T14:18:04","modified_gmt":"2025-04-08T14:18:04","slug":"dubai-govt-agencies-to-link-real-estate-registry-with-property-tokenization","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126714","title":{"rendered":"Dubai gov\u2019t agencies to link real estate registry with property tokenization"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsDubai\u2019s real estate and crypto regulatory authorities have signed a new agreement aimed at expanding digital asset adoption in the real estate sector.<br \/>\nOn April 6, the Dubai Land Department (DLD) announced an agreement with the Virtual Assets Regulatory Authority (VARA). According to the announcement, the agreement will link Dubai\u2019s real estate registry with property tokenization through a governance system.\u00a0<br \/>\nThe agreement aims to improve digital infrastructure and attract global investment by enhancing market liquidity and property management efficiency.<br \/>\nIt also aims to support Dubai\u2019s broader economic strategy, which includes a goal of doubling the city\u2019s gross domestic product over the next decade.<br \/>\nRelated: Mantra and Damac sign $1B deal to tokenize Middle Eastern assets<br \/>\nNew real estate model opens up Dubai\u2019s market to global investors<br \/>\nThe new development follows the DLD\u2019s recent project pilot to convert real estate assets into blockchain-based digital tokens.\u00a0<br \/>\nOn March 20, the DLD announced the pilot phase of its real-estate tokenization project. The tokenization launch made DLD the first real-estate registration entity in the United Arab Emirates to tokenize property title deeds. The DLD expects the initiative to drive growth in real estate investment, aiming to reach a value of over $16 billion by 2033.\u00a0<br \/>\nScott Thiel, the co-founder and CEO of real-word asset (RWA) tokenization platform Tokinvest, told Cointelegraph that the new development shows a clear message from the UAE government:\u00a0<br \/>\n\u201cIn just three weeks, Dubai has gone from pilot launch to strategic execution and the message is loud and clear: the future of real estate investment is onchain.\u201d<br \/>\nThiel also said that the two agencies working hand in hand will create a smarter model that opens Dubai&#8217;s real estate market to a global pool of investors. \u201cThis isn\u2019t just another MOU. It\u2019s the playbook for Real Estate 2.0,\u201d Thiel told Cointelegraph.\u00a0<br \/>\nThe executive urged investors across the globe to observe what the UAE is doing in terms of tokenization. Thiel said this is \u201cwhat the future of real estate looks like.\u201d<br \/>\nMagazine: Crypto fans are obsessed with longevity and biohacking: Here\u2019s why<a href=\"https:\/\/cointelegraph.com\/news\/dubai-land-department-vara-agreement-real-estate-tokenization?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsDubai\u2019s real estate and crypto regulatory authorities have signed a new agreement aimed at expanding digital asset adoption in the real estate sector. On April 6, the Dubai&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126714"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126714"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126714\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126714"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}