Dubai aims to tokenize 7% of its total real-estate market, equivalent to $16 billion, through blockchain platforms like Prypco Mint by 2033

Quotes that support claims

Looking ahead, Dubai anticipates tokenized property value to reach AED 60 billion (about $16 billion) by 2033, representing 7% of total real estate transactions. The DLD’s hands-on involvement ensures strict regulatory oversight, appealing to international buyers and institutions alike.

The launch builds on Dubai's initiative that aims to accelerate tokenization, a red-hot crypto trend, of the city's booming property market. The agency projected that tokenized real estate could account for 7%, roughly $16 billion, of the city's total property transactions by 2033.