The Dubai Land Department sold two luxury assets in just 12 minutes
Last updated: July 17, 2025
Will sheer weight of demand keep raising Dubai property values? It sure seems like it as more super-luxury homes are sold.
Dubai: The Dubai Land Department (DLD) has successfully sold two tokenised luxury properties worth a total of Dh3.4 million within just 12 minutes of listing them on the PRYPCO Mint platform.
The transaction, concluded on Wednesday, was part of the Department’s Property Tokenisation Initiative, which allows investors to purchase fractional shares in completed properties, making real estate investment more accessible and inclusive.
The first property, a modern one-bedroom apartment in the Live Residence Tower in Dubai Marina, was fully funded in just three minutes.
A total of 258 investors contributed to the Dh1.86 million sale, with fractional ownership starting at only Dh2,000.
The second offering, a one-bedroom luxury apartment in the Sobha Greece Vista Grande tower located in Mohammed bin Rashid City, raised Dh1.6 million in nine minutes through contributions from 204 investors.
Since launching the tokenisation initiative on May 25, the Dubai Land Department has offered five properties on the platform—each of which has sold out in under two minutes, underscoring surging investor demand for innovative real estate products.
The initiative aligns with Dubai’s broader vision of integrating blockchain technology into real estate to enhance market transparency, improve liquidity, and enable micro-investment opportunities for a wider segment of the population.
