Within 12 minutes of offering two tokenized luxury properties on the PRYPCO Mint platform, the Dubai Land Department (DLD) was able to sell them for a total of Dh3.4 million.
The deal, which was finalized on Wednesday, was a component of the Department’s Property Tokenization Initiative, which makes real estate investing more inclusive and accessible by enabling investors to buy fractional interests in completed homes.
In under three minutes, the first property—a contemporary one-bedroom apartment in Dubai Marina’s Live Residence Tower—was fully funded.
The sale raised Dh1.86 million from 258 investors, with fractional ownership starting at just Dh2,000.
With contributions from 204 investors, the second offering—a luxurious one-bedroom apartment in Mohammed bin Rashid City’s Sobha Greece Vista Grande tower—raised Dh1.6 million in just nine minutes.
The Dubai Land Department has offered five homes on the platform since beginning the tokenization effort on May 25. All of these properties have sold out in less than two minutes, highlighting the growing demand from investors for cutting-edge real estate assets.
The project is in line with Dubai’s overarching goal of incorporating blockchain technology into the real estate industry to increase market transparency, liquidity, and open up microinvestment options to a larger audience.
