Dubai chooses XRP Ledger to power new real estate tokenization initative

Description

Dubai Land Department selected the XRP Ledger to power its real estate tokenization initiative, aiming to attract over 3,000 investors and tokenize $16 billion in property by 2033 through fractional ownership and blockchain integration.

Authors

Oluwapelumi Adejumo

Publish date

May 26, 2025

Publisher

CryptoSlate

Web URL

https://cryptoslate.com/dubai-chooses-xrp-ledger-to-power-new-real-estate-tokenization-initative

Referenced by

The Dubai Land Department launches Prypco Mint

Crypto news

News story

Mahmoud AlBurai, a senior advisor at the Land Department, revealed that over 3,000 investors have already shown interest in the tokenization project. If projections hold, the project could drive $16 billion in real estate activity by 2033, accounting for 7% of Dubai’s total property transactions.

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Quote

XRPL was selected for its fast transaction speeds, minimal fees, and compatibility with the country’s regulatory frameworks.

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