Dubai Land Department Partners with VARA to Boost Real Estate Tokenization

Edited by: Yuliya Shumai

On April 6, the Dubai Land Department (DLD) and the Virtual Assets Regulatory Authority (VARA) announced a collaboration to expand digital asset adoption in Dubai's real estate sector. The agreement links Dubai’s real estate registry with property tokenization through a governance system. This initiative, following the DLD's March 20 pilot to tokenize real estate assets, aims to enhance market liquidity, improve property management efficiency, and attract global investment. Tokinvest co-founder Scott Thiel noted that this move signals the future of real estate investment is onchain, potentially reaching a value of over $16 billion by 2033.

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