As of February 20, Dubai Land Department allows the resale of 7.8 million real estate codes

The Dubai Land Department announced the launch of the second phase of the “Real Estate Tokenization” project, which focuses on activating resale in the secondary market, by allowing the resale of approximately 7.8 million real estate tokens (Token), as of February 20, in a strategic step to enhance digital real estate investment.

This development comes after the success of the pilot phase of the project, which contributed to testing the operational and legislative systems, confirming Dubai’s transformation into a regional leader in integrating modern technology with the real estate sector, in a way that enhances transparency, market governance, and protection of investors’ rights.

For their part, two real estate agents reported that the “real estate tokenization” project opens new horizons for digital investment, stressing that real estate tokens will contribute to increasing market liquidity and facilitating buying and selling operations.

They added to Emirates Today that the project will contribute to making the market more open to innovation and enhance the confidence of local and international investors, pointing out that the second phase confirms Dubai’s readiness to adopt digital solutions in real estate, and reflects its commitment to innovation and protecting investors, and they stressed that Dubai is leading the digital transformation of real estate through the project.

Strategic move

In detail, the Dubai Land Department announced yesterday the launch of the second phase of the “Real Estate Coding” project, and the start of resale in the secondary market as of February 20.

She said in a statement yesterday, “The decision is a strategic step that reflects the project’s transition from the experimental framework to a more advanced operational stage, within an organized model that enhances the readiness of the real estate market for the future of investment based on advanced technologies.”

She pointed out that this phase is a continuation of the pilot phase that the department launched in March 2025 as part of the “Reiss Real Estate Innovation” initiative, in cooperation with the Virtual Assets Regulatory Authority and strategic partners.

She added that the first phase witnessed the testing of the regulatory, legislative and technical structure for real estate coding on title deeds, which established Dubai’s position as the first real estate registration authority in the region to adopt this innovative model within a controlled regulatory environment.

She indicated that the second phase focuses on activating resale in the secondary market, by allowing the resale of approximately 7.8 million real estate tokens (Token), within a controlled experimental scope, which aims to measure the efficiency of market mechanisms, test the readiness of operational systems, and enhance transparency and governance of operations, in a way that protects the rights of investors and ensures the safety of transactions.

The department confirmed that the implementation of this stage is taking place according to a gradual approach based on practical evaluation of the results, and in close coordination with the relevant regulatory authorities, in preparation for making future decisions based on clear operational data, ensuring that the model is compatible with the approved regulatory and legislative frameworks, and enhances the confidence of local and international investors.

A paradigm shift

In turn, the CEO of Al-Andalus Real Estate Group, Saleh Tabbakh, stressed that “the launch of the second phase of the (real estate tokenization) project represents a qualitative shift in investment mechanisms, as it opens the way for more flexible and transparent trading of real estate through the secondary market.”

Tabakh added to Emirates Today that “the second phase confirms Dubai’s readiness to adopt digital solutions in real estate, and reflects its commitment to innovation and protecting investors.”

He pointed out that allowing the resale of about 7.8 million real estate tokens enhances market liquidity and provides new investment tools that suit the requirements of investors in the digital age.

Tabakh explained that adopting real estate codes contributes to increasing the efficiency of operations and reducing the complexities associated with traditional buying and selling procedures.

Gradual approach

For his part, Executive Director of Al-Anqa Real Estate Company, Nader Talaat, said, “The regulatory environment established by Dubai gives investors a higher level of protection and clarity, which enhances confidence in this innovative investment model.”

Talaat pointed out that the gradual approach followed by the Land Department in implementing real estate coding reflects its keenness to test market readiness and operational structure before expansion.

He stressed that this step places Dubai in a leadership position regionally and globally in integrating advanced technology with the real estate sector, and paves the way for expanding the scope of digital investment during the next stage. He pointed out that this step would also enhance the momentum in specific areas in Dubai such as Dubai South and Meydan.

10 properties are color-coded

Since the launch of the real estate tokenization project, last May 26, in cooperation with the Dubai Virtual Assets Regulatory Authority (VARA), the Central Bank, and the Dubai Future Foundation, the Dubai Land Department has launched 10 tokenized properties via the Prepco Mint platform, with a total value of 18.51 million dirhams, which were sold in record times with the participation of more than 2,000 investors.

The real estate coding project, launched by Dubai, is the first project of its kind in the world in which real estate ownership is fully tokenized, and it is also the first project to issue actual ownership documents to holders of real estate tokens (Tokens), within an approved legal and regulatory system.