Dubai has unveiled Phase Two of its Real Estate Tokenization Initiative, paving the way for secondary trading that enhances liquidity and promotes transparency in property investments.
The latest phase of Dubai’s Real Estate Tokenization Project has officially commenced, allowing the regulated secondary trading of tokenized property stakes. This initiative aims to revolutionize the way real estate investments are transacted globally.
Dubai Land Department Launches Secondary Market for Property Tokens
The second phase builds on a successful pilot program that saw ten properties tokenized, with the total asset value exceeding $5 million, or approximately AED 18.5 million. This success lays the groundwork for a broader implementation across Dubai.
Excited to witness the launch of Phase Two for Dubai’s @Land_Department Real Estate Tokenization Project! Controlled secondary market trading is now possible for tokenized properties via the XRP Ledger, secured by @Ripple Custody through our partners at @CtrlAltCo
This is massive…
— Reece Merrick (@reece_merrick) February 20, 2026
Currently, around 7.8 million tokens issued previously are ready for resale within a structured environment, which is expected to boost liquidity and open up new investment avenues in Dubai’s real estate sector.
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This secondary phase focuses on several critical areas including efficiency, governance, and investor protection standards. Trading will occur within a regulated framework, ensuring the integrity of transactions.
All on-chain transactions will continue to utilize the XRP Ledger for settlement, and Ripple Custody will safeguard assets to meet compliance and institutional security requirements.
Ctrl Alt Enhances Infrastructure in Dubai’s Tokenization Program
Previously, Ctrl Alt was responsible for minting and issuing the initial title deed ownership tokens. Now, the company is integrating secondary market functionalities directly into the Dubai Land Department’s systems.
This integration allows for the complete on-chain issuance, management, and transfer of deeds, ensuring that ownership records are continuously updated and aligned with official registries.
In this second phase, Asset-Referenced Virtual Asset management tokens have been introduced by Ctrl Alt to streamline transfers. Both ownership and management tokens are recorded on-chain, which creates a unified and immutable register.
Ctrl Alt operates as a licensed Virtual Asset Service Provider, holding VARA Issuer and Broker-Dealer licenses to support its regulated activities.
According to Robert Farquhar, CEO MENA at Ctrl Alt, the introduction of secondary trading enhances operational efficiency while boosting transparency and investor confidence globally.
Phase Two also brings ARVA management tokens to facilitate secure and regulated secondary market transactions. These tokens will help oversee compliance checks and promote investor protection at reduced costs.
This controlled environment provides authorities with the ability to evaluate operational readiness and market behavior effectively. Insights gathered during this stage will guide future expansions of the initiative.
Furthermore, the emphasis on transparency remains vital. The blockchain preserves an unalterable ownership trail, allowing investors to monitor transfers and holdings with enhanced assurance.
In addition, the improvements in liquidity will likely attract both regional and global real estate investors. The tokenization approach reduces barriers to entry and provides fractional investment opportunities on an international scale.
Regulators are meticulously monitoring transaction integrity within the pilot trading framework, which facilitates alignment with Dubai’s land registry and legal structures.
Dubai Officials Advocate for a World-Class Tokenization Framework
Ctrl Alt is completing all secondary trades through its tokenization engine, ensuring synchronization with the registry. This process minimizes any discrepancies between blockchain data and official records.
Ripple Custody continues to secure tokenized assets with institutional-grade safety and storage systems. This custody infrastructure fosters trust among investors and regulatory stakeholders alike.
Dubai officials assert that this initiative sets a global standard for property tokenization innovation, suggesting that other jurisdictions can benefit from observing the development of Dubai’s regulatory and infrastructural framework.
