TLDR;
- Dubai launches real estate tokenization on XRPL, allowing fractional property ownership and lower fees.
- The initiative enables UAE residents to invest in Dubai real estate with small amounts via blockchain.
- XRPL’s fast, low-cost transactions power this innovative program, supporting Dubai’s vision as a tech hub.
- Move follows XRPL’s expanding DeFi features and new euro stablecoin integration, boosting blockchain finance.
The Dubai Government, in partnership with the Dubai Land Department (DLD), PRYPCO, and Ctrl Alt, has launched a real estate tokenization initiative using the XRP Ledger (XRPL) blockchain.
Dubai Starts Real Estate Tokenization
This initiative marks a major milestone for the Middle East, introducing fractional ownership in real estate and democratizing access to property investments. Notably, the tokenization program, harnesses XRPL’s robust blockchain infrastructure to issue digital assets tied to physical properties through a local issuer. This approach has already achieved a remarkable 50% reduction in transaction fees, demonstrating blockchain’s ability to streamline real estate dealings, increase transparency, and lower costs for institutions and individuals alike.
Exciting milestone for real estate tokenization in Dubai 🇦🇪
The Dubai Government has issued digital assets directly on the XRPL blockchain through a local issuer, cutting transaction fees by 50%.
This enables secure on-chain ownership and demonstrates XRPL’s ability to support…
— XRPL Commons (@xrpl_commons) May 23, 2025
Dr. Mahmoud AlBurai of the Dubai Land Department (DLD), highlighted the significance of the program as a real-world application of XRPL technology within the public sector, aligning perfectly with Dubai’s vision to establish itself as a global innovation hub under the Dubai Economic Agenda D33. By enabling property ownership in smaller, affordable fractions, starting at under 2000 DHS (about $545 USD), this program opens the door for a wider, more diverse investor base. Initially, access is limited to UAE residents and Emirates ID holders, with plans to welcome international investors in later phases.
PRYPCO, a leading player in fractional property ownership, spearheads the initiative, with technical and operational support from Ctrl Alt, a firm renowned for tokenizing assets across the UK and Europe. Under the leadership of Robert Farquhar, Ctrl Alt recently entered the UAE market, bringing expertise from tokenizing over $150 million in assets, and aims to replicate this success within Dubai’s dynamic real estate environment.
XRPL Cuts Fees, Boosts Transparency
Choosing Ripple’s XRPL blockchain is strategic. Notably, its reputation for fast, low-cost transactions makes it ideal for real estate tokenization. Ripple has long championed the concept of tokenizing real-world assets (RWA) to increase liquidity and broaden market access. According to a 2023 Crypto Basic report, Ripple intends to revolutionize the $300 trillion global real estate market by enabling fractional ownership, instant settlement, and around-the-clock trading through blockchain technology.
Marwan bin Ghalaita, Director General of DLD, emphasized the project’s transformative potential noting;
“This pioneering initiative unlocks new opportunities for innovative real estate products, enhances transparency and governance, and enables a wider pool of investors to participate in large-scale projects in Dubai.”
XRPL DeFi and Euro Stablecoin Boost
This announcement coincides with the launch of EURØP, the first MiCA-compliant euro stablecoin integrated on the XRPL. Announced on May 22, 2025, by Schuman Financial, EURØP is fully backed by euros, audited by KPMG, and regulated under the EU’s Markets in Crypto-Assets (MiCA) framework. This stablecoin integration enhances XRPL’s ability to support regulated euro settlements, decentralized finance (DeFi), and tokenized assets, further cementing XRPL’s growing role in compliant blockchain finance.
Notably, XRPL’s capabilities were bolstered earlier this year with Ripple’s unveiling of an institutional-grade DeFi infrastructure on XRPL in February 2025. This infrastructure includes an Automated Market Maker (AMM), decentralized identity (DID) management, and integration with price oracles, features that enable sophisticated trading of tokenized real-world assets, compliance with KYC/AML requirements, and secure transactions.
