The Dubai Land Department (DLD) has moved its Real Estate Tokenisation Project into Phase II. From 20 February 2026, holders of property tokens can resell them in a secondary market, within a controlled pilot framework.
Scale
Around 7.8 million real estate tokens are covered by the resale phase. The pilot will test market efficiency and operational readiness before any wider rollout.
Regulation
The model was built with the Virtual Assets Regulatory Authority (VARA). DLD says it is the first real estate registration authority in the region to adopt tokenisation.
What it means
Fractional ownership with a regulated resale route could give smaller investors an easier way into, and out of, Dubai property.
Source: Dubai Land Department, 9 February 2026. Read the full story: Original source