The Dubai Land Department (DLD) has signed an agreement with Crypto.com to develop systems that make it easier for investors to buy and sell real estate using digital currencies.
This partnership aims to create a fully digital ecosystem that supports key processes like investor verification, secure storage (custody), transaction settlement, and real estate tokenisation. The initiative is part of the broader Dubai Real Estate Strategy 2033, which targets AED 1 trillion ($272 billion) in property transactions.
The agreement was signed by Omar BuShahab, Director General of the DLD, and Mohamed Al Hakim, authorised signatory of Crypto.com, in the presence of officials from both parties, according to the Dubai Media Office.
According to the statement, by adopting advanced technologies like blockchain and virtual assets, Dubai is enhancing its appeal to global investors and moving closer to its ambitious real estate goals.
The collaboration will help boost market liquidity and introduce smart, tech-driven investment options. It also focuses on building a secure digital framework for trading real estate assets and handling all related procedures digitally.
Dubai is actively pushing forward with the adoption of digital currencies. In May, the government announced plans to enable the payment of official fees using digital assets, aligning with its broader goal of making 90% of all transactions cashless by 2026.
This initiative follows the city’s pilot launch of a real estate tokenisation project in March, which aims to convert physical real estate into digital tokens using blockchain technology.
In addition, DLD is working on a separate program to help first-time investors enter the property market by partnering with developers and banks.
As part of this new partnership:
- The DLD will explore platforms and technologies proposed by Crypto.com in areas like digital asset trading and real estate tokenisation.
- DLD will also provide logistical and administrative support for joint projects.
- Crypto.com will offer tech solutions for integrating digital currencies in real estate, provide advisory services, and supply tools for data analysis and project reporting.
- It will also ensure legal compliance by preparing required documents and securing approvals from relevant authorities.
This move reflects Dubai’s commitment to becoming a global hub for digital finance and smart property investment.
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