Dubai government agencies link real estate registration with real estate tokenization

2025-04-08 22:12:41

Collection

ChainCatcher news, according to Cointelegraph, on April 6, the Dubai Land Department (DLD) announced an agreement with the Virtual Assets Regulatory Authority (VARA).

According to the announcement, the agreement will connect Dubai's real estate registration system with real estate tokenization through a governance framework. This agreement aims to improve digital infrastructure and attract global investment by enhancing market liquidity and property management efficiency.

At the same time, the agreement also aims to support Dubai's broader economic strategy, which includes the goal of doubling the city's GDP within the next decade. This new development comes after DLD's recent project pilot, which aims to convert real estate assets into blockchain-based digital tokens.

(Source Link)

Related tags

Dubai real estate tokenization VARA

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.