Dubai Partners with Crypto.com to Advance Real Estate Digitization

Dubai is accelerating its digital transformation in the real estate sector through a new collaboration with global cryptocurrency exchange Crypto.com. This strategic move is part of the city’s broader plan to integrate blockchain and digital assets into property transactions.

A Memorandum of Cooperation has been signed between the Dubai Land Department (DLD) and Crypto.com, with the aim of embedding advanced technologies such as blockchain, tokenization, and crypto-based payments into the real estate landscape. This initiative aligns closely with Dubai’s Real Estate Strategy 2033, which emphasizes innovation and digital infrastructure.

The agreement was formally signed by Omar Hamad BuShehab, Director General of DLD, and Mohamed Abdul Latif Al Hakim from Crypto.com. The partnership positions Crypto.com as a key enabler in the digitization process—developing secure systems for property tokenization, crypto-based transactions, and automated settlements, all within a compliant and regulated framework.

Additionally, plans are underway for Dubai’s Department of Finance to support crypto payments for official government fees. Once in effect, individuals and businesses will be able to convert digital assets into AED through Crypto.com and complete payments via digital wallets, significantly simplifying the process.

Dubai has already begun laying the groundwork in real estate tokenization. Under the Real Estate Sandbox initiative, PRYPCO Mint—a project jointly launched by DLD and PRYPCO with regulatory support from VARA—has successfully completed two tokenized property listings. This milestone, supported by the Central Bank and Dubai Future Foundation, marks a major leap in redefining ownership models and real estate investment in the city.

As Dubai continues to evolve as a global smart city, this partnership further cements its leadership in merging blockchain technology with real-world assets.