Dubai has taken another major step toward digitizing its real estate sector by partnering with global crypto platform Crypto.com.
A new Memorandum of Cooperation between the Dubai Land Department (DLD) and Crypto.com sets the stage for integrating blockchain and digital assets into property transactions across the emirate.
The agreement, signed by DLD Director General Omar Hamad BuShehab and Crypto.com’s Mohamed Abdul Latif Al Hakim, is a key part of the Dubai Real Estate Strategy 2033, which aims to transform the sector through emerging technologies such as blockchain, tokenization, and digital payments.
Under the partnership, Crypto.com will play a central role in enabling digital real estate transactions, providing technical solutions to tokenize properties and streamline the buying and selling process using cryptocurrency. The initiative also includes building a secure infrastructure for digital custody, investor verification, and automated settlements—all within a regulatory-approved environment.
In parallel, the Department of Finance will soon allow government fees to be paid using cryptocurrencies. Once activated, users can utilize Crypto.com’s exchange to convert crypto to AED and settle official charges via digital wallets—streamlining payments for both individuals and businesses.
The move follows early progress in Dubai’s real estate tokenization efforts. PRYPCO Mint, a collaboration between DLD and PRYPCO under VARA’s oversight, recently completed the first two tokenized property listings under the city’s Real Estate Sandbox. Developed with support from the Central Bank and Dubai Future Foundation, the framework is set to redefine property ownership and investment in one of the world’s most ambitious smart cities.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/dubai-teams-up-with-crypto-com-to-digitize-real-estate-sector/