UAE - Mubasher: The Dubai Land Department (DLD) has signed a memorandum of cooperation (MoC) with Crypto.com to develop a digital investment environment for virtual real estate assets.
The partnership aligns with the Dubai Government’s vision to accelerate digital transformation and anchor the emirate’s position as a global hub for technological innovation and smart real estate investment.
It also comes within the framework of the Dubai Real Estate Strategy 2033, which aims to create a smart, sustainable, and knowledge-driven real estate ecosystem.
The emirate seeks to attract high-quality investments and accelerate its progress towards its AED1 trillion real estate transactions target for 2033.
Under the joint deal, the two parties will develop mechanisms that support digital real estate transactions by leveraging blockchain technologies and virtual assets. They will also explore the potential use of digital currencies in property transactions.
The initiative aims to improve market liquidity and cope with modern trends in smart investment.
The MoC, signed by DLD Director General Omar Hamad BuShehab and Crypto.com’s Mohamed Abdul Latif Al Hakim, aims to enable digital asset trading, real estate tokenization, investor verification, and secure digital settlements.
DLD will provide regulatory support, while Crypto.com will offer tech solutions, technical assistance, and ensure compliance.
Last May, DLD inaugurated the region’s first tokenized real estate investment project via the Prypco Mint platform.
