Dubai moves tokenised property into resale stage with secondary trading rollout

Dubai Activates Phase Two of Real Estate Tokenisation Project, Enabling Regulated Secondary Trading

Dubai has advanced its digital property ownership strategy with the launch of Phase Two of the Real Estate Tokenisation Project Pilot, enabling the controlled resale of tokenised real estate assets within a regulated secondary market framework.

The initiative, led by the Dubai Land Department in partnership with tokenisation infrastructure provider Ctrl Alt, marks a transition from pilot issuance to practical market trading functionality.

During the initial phase, ten properties valued at over $5 million were tokenised, generating approximately 7.8 million ownership tokens. With Phase Two now operational, these tokens are eligible for resale on approved distribution platforms while remaining fully aligned with official land registry systems to ensure legal accuracy and ownership integrity.

The system continues to operate on blockchain infrastructure, with transactions recorded on the XRP Ledger and safeguarded through regulated custody solutions. This structure ensures transparency, security, and synchronisation with government-backed property records.

Ctrl Alt developed the technical framework enabling digital issuance, management, and transfer of tokenised title deeds while remaining integrated with government registries. The rollout also introduces asset-referenced management tokens designed to support regulated secondary trading and maintain a unified digital ownership record.

Robert Farquhar, CEO for MENA at Ctrl Alt, stated that enabling post-issuance asset mobility is essential to unlocking the full potential of tokenisation. He noted that regulated transfers of tokenised land title deeds position Dubai as a global benchmark for on-chain asset issuance and management.

The secondary trading stage will evaluate liquidity, investor participation, and regulatory safeguards under the supervision of the DLD and the Virtual Assets Regulatory Authority (VARA), ensuring innovation is balanced with strong governance.

The rollout reflects Dubai’s broader strategy to integrate regulated digital infrastructure into the property sector, expand access through fractional ownership models, and reinforce its position as a global leader in real estate innovation.

Source: Gulf News