Dubai’s Groundbreaking Move in Real Estate: PRYPCO Mint Launches Second Tokenised Property

Dubai, UAE – The city is abuzz with excitement as PRYPCO Mint announces its second tokenised property listing, set to launch on 11 June 2025. Following the overwhelming success of its inaugural offering, which attracted significant investment within just 24 hours, this new initiative aims to bolster investor confidence in fractional property ownership. Moreover, it reinforces Dubai’s status as a global leader in real estate innovation powered by blockchain technology.

A Closer Look at the New Listing

The latest property to be featured is a one-bedroom apartment in Kensington Waters, situated in the coveted Mohammed Bin Rashid City area. With a total valuation of AED 1.5 million, this listing comes at a competitive price, significantly lower than the estimated market value of AED 1.875 million. This strategic pricing not only offers instant equity for investors but also presents a valuable opportunity for those looking to enter the property market affordably. Fractional ownership options begin at just AED 2,000, aligning perfectly with PRYPCO Mint’s mission to democratise access to premium real estate.

Insights from Leadership

Amira Sajwani, Founder and CEO of PRYPCO, expressed her enthusiasm about the response to the first tokenised property, highlighting the readiness among investors for more accessible investment options. "The incredible response to our first tokenised property proved that investors are ready for a smarter, more accessible way to invest in real estate. With our second property, we’re continuing to break down traditional barriers and offer high-quality opportunities to a broader, more diverse audience," Sajwani remarked. Her vision reflects a commitment not only to innovation but also to inclusivity in real estate investment.

PRYPCO Mint’s Historic Launch

On 25 May 2025, PRYPCO Mint, a collaboration between the Dubai Land Department (DLD) and PRYPCO, was established to revolutionise the real estate landscape in the UAE. This platform made headlines by completing MENA’s first fully tokenised real estate transaction, effectively opening new avenues for investment in this emerging asset class. The initial offering—a two-bedroom apartment in Business Bay—captured the attention of 224 investors from over 40 nationalities. With an average investment of AED 10,714 and a listing set at AED 2.4 million (below its valuation of AED 2.89 million), the property was fully funded in under a day, a clear indication of the strong demand for transparent, technologically-enriched real estate options.

Regulatory Milestones

The Dubai Land Department’s issuance of Property Token Ownership Certificates to the first cohort of investors marks a significant leap toward institutionalising tokenised real estate within the framework of Dubai’s robust legal system. This regulatory recognition not only validates the concept of blockchain-backed ownership but also signifies a broader acceptance of innovative real estate solutions within the region.

Behind the Technology

The Real Estate Tokenisation initiative operates under a comprehensive framework developed by the Dubai Land Department in partnership with several regulatory bodies, including the Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE, and the Dubai Future Foundation. The technological backbone is powered by Ctrl Alt, which leverages the XRP Ledger for secure ownership token issuance. Zand Bank serves as the official banking partner, ensuring that financial operations are seamlessly integrated and secure for investors.

Targeting a New Generation of Investors

PRYPCO Mint is particularly appealing to tech-savvy investors, millennials, and first-time buyers. By enabling digital property ownership through a mobile-centric platform, PRYPCO is transforming real estate from a traditionally labor-intensive, capital-heavy industry into a more flexible and inclusive investment opportunity. This approach aims to attract a younger demographic, effectively reshaping the landscape of property investment.

Expanding Accessibility

Currently, PRYPCO Mint is available exclusively to UAE residents with valid Emirates IDs. However, plans to open the platform to international investors in the next phase are already in motion. This move is anticipated to further enhance Dubai’s reputation as a global innovation hub, broadening the horizons for real estate investment and attracting a more diverse pool of investors.

With each step, PRYPCO Mint is not just selling properties; it’s redefining ownership and investment, paving the way for a future where real estate is increasingly accessible and equitable for all.