Dubai Launches $16B Real Estate Tokenization Plan for Instant Property Flips

Dubai is advancing its ambitious plan to tokenize $16 billion worth of real estate assets, aiming to revolutionize property transactions. This initiative, led by the Dubai Land Department (DLD) in collaboration with various real estate developers, seeks to make buying and selling property interests as fast and seamless as trading digital assets. By converting real estate into blockchain-based tokens, the program promises to enable instant "flips" or resales, significantly reducing transaction times and bureaucratic hurdles. This move is part of Dubai's broader strategy to become a global hub for digital assets and innovative property technology (PropTech), enhancing market liquidity and accessibility for international investors.