The Dubai Land Department has successfully sold two tokenised luxury apartments worth Dh3.4 million within 12 minutes via the PRYPCO Mint platform. The fractional ownership model attracted over 460 investors and highlights the growing demand for accessible, blockchain-driven real estate investment options.
Key Highlights:
- Rapid Sale: Two luxury properties sold for a combined Dh3.4 million in 12 minutes on the PRYPCO Mint platform.
- Fractional Ownership: Enabled under Dubai’s Property Tokenisation Initiative, with investment starting at Dh2,000.
- High Investor Engagement:
- 258 investors funded the Dubai Marina apartment (Dh1.86M) in 3 minutes.
- 204 investors funded the Sobha Greece apartment (Dh1.6M) in 9 minutes.
- Blockchain Integration: Initiative supports Dubai’s vision of smart real estate through blockchain adoption.
- Wider Market Access: Aims to make real estate investment more inclusive and liquid for small-scale investors.
- Ongoing Momentum: All five properties listed on the platform since May 25 have sold out in under two minutes.
- Location Highlights:
- Live Residence Tower – Dubai Marina
- Sobha Greece Vista Grande – Mohammed Bin Rashid City
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