Dubai Unveils Government-Backed Blockchain Property Tokenization on XRP Ledger

Dubai Land Department (DLD) has launched the Middle East’s first government-supported property deed tokenization project, using the XRP Ledger to maximize transparency. For the first time, fractional digital real estate ownership is available to worldwide investors, supported by Dubai’s push for blockchain-based property deals.

Developed in collaboration with Ctrl Alt, this initiative is integrating blockchain technology into Dubai’s land registry system. The project introduces new investment opportunities with significantly lower entry barriers and solid regulatory support, marking a milestone for digital assets in real estate.

Dubai Leads Real Estate Blockchain Innovation

Dubai is positioning itself at the forefront of digital innovation in real estate. By partnering with Ctrl Alt, the Dubai Land Department (DLD) enables property ownership to go fully digital. As a result, investors can buy fractions of real estate from as little as AED 2,000 ( ~ $544) through the PRYPCO Mint platform, making Dubai real estate more accessible globally.

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.

Differing from prior real estate blockchain trials, Dubai’s strategy emphasizes compliance and credibility. With blockchain-aligned deed records, investors always know what they’re acquiring. Regulators, in turn, maintain direct supervision from day one.

“We’ve been working closely with the DLD on this project for some time, and we’re delighted to be taking this major step together to bring real estate investment to a wider audience. As experts in the space, we are proud to create the tokenization infrastructure that enables DLD’s partners to offer fractional real estate to investors. Dubai’s leadership in embracing next-generation financial technologies is truly world-class and this project is a powerful signal of what’s to come,” Matt Ong, CEO of Ctrl Alt said.

XRP Ledger Delivers Proven Transparency

At its core, this project relies on the public XRP Ledger, renowned for performance and decentralized security. The ledger hosts hundreds of nodes and validators, providing transparent and immutable ownership records for every transaction.

“Dubai continues to lead in digital innovation! Dubai Land Department teams up with Ctrl Alt to launch the Real Estate Tokenization Project, selecting XRP Ledger as the blockchain of choice. The future of property is on-chain,” an X user said.

Each transaction is validated on a decentralized system, granting buyers direct insight into property histories and asset legitimacy. Using XRP Ledger enables nearly real-time settlement—a major upgrade over traditional property transfers that often require days or weeks.

The public nature of the ledger underlines Dubai’s commitment to a secure and future-ready real estate environment. Transparency and speed are built in, transforming expectations for property transfers worldwide.

Furthermore, open blockchain explorers like Livenet continuously track the health of the XRP ledger. This transparent monitoring assists both regulators and investors as Dubai’s blockchain initiative grows.

Crucially, this model injects new liquidity and transparency into the market. Previously, major commercial properties were beyond reach for many. Now, fractional ownership allows smaller investors to participate, and in time, to trade these tokens on regulated platforms.