Dubai: The Dubai Land Department has signed a partnership with Crypto.com to develop a blockchain-powered investment environment for virtual real estate — a move that could reshape how people buy, sell, and invest in property.
The agreement, signed on July 6, 2025, supports Dubai’s Real Estate Strategy 2033 and its Dh1 trillion transaction target by aiming to create a secure, fully digital system for tokenised property assets.
What the deal entails
Under the deal, the Dubai Land Department and Crypto.com will explore ways to let people trade real estate using digital currencies and blockchain technology. This includes investor verification, digital custody, settlements, and the tokenisation of real estate assets — all designed to boost transparency, liquidity, and ease of access for investors.
“This marks a major step toward building a smart, integrated digital property ecosystem in Dubai,” said officials at the signing event. The initiative aligns with the government’s recent announcement allowing the use of digital currencies for government fee payments — another signal of Dubai’s commitment to embracing future-ready technologies.
Crypto.com will provide the tech solutions and advisory support, while the Dubai Land Department will ensure regulatory compliance and help implement pilot projects under its existing legal framework.
Source: Gulf News
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