Image credit: WAM/Website
In a record-setting move that highlights Dubai’s growing leadership in digital real estate, the Dubai Land Department announced that its second tokenised property project on the ‘PRYPCO Mint’ platform was fully funded in just one minute and 58 seconds.
According to a report by the Emirates News Agency (WAM), the offering attracted 149 investors from 35 nationalities, pushing the waiting list to more than 10,700 individuals. The surge in demand reflects rising confidence in tokenised real estate investment solutions within the emirate.
Read-PRYPCO Mint unveils second tokenised property, listing to go live on June 11
The project is part of Dubai Land Department’s Property Tokenisation Initiative, under which PRYPCO Mint enables investors to purchase fractional shares in ready-to-own properties through a seamless and cost-effective digital platform.
Officials say the success of the platform signals a broader shift toward tokenised assets playing a central role in Dubai’s property market by 2033. As the initiative expands with more projects and partnerships, the department is encouraging early registration to access future offerings before they sell out.
Dubai continues to position itself as a global leader in innovative and accessible real estate investment.
