Dubai Land Department Ushers in Era of XRP Ledger-Based Real Estate Investment

▲ Dubai, XRP

The Dubai Land Department has officially launched Phase 2 of its real estate tokenization project based on the XRP Ledger, opening a new chapter in real-world asset transactions.

According to crypto media outlet CoinGape on February 21 (local time), the Dubai Land Department (DLD), in collaboration with tokenization infrastructure firm Ctrl Alt, successfully launched the second phase of its XRP Ledger-based real estate tokenization project. The core milestone of this phase is the official opening of a secondary market for tokenized real estate. With the launch of the secondary market, investors can now freely resell their previously held property tokens within a regulated trading environment.

During the pilot phase of the project, a total of 10 properties were tokenized, with a combined value exceeding $5 million (18.5 million dirhams). Approximately 7.8 million property tokens are now ready for trading on the secondary market, with all transactions securely managed through Ripple Custody technology. This marks the first case in the Middle East where a government entity has utilized a public blockchain to tokenize property title deeds and support their trading.

The barrier to entry for investors has also been significantly lowered. Investors can participate in fractional ownership of premium Dubai real estate starting from just 2,000 dirhams (approximately $545). Ctrl Alt’s infrastructure provides end-to-end support for real-world asset (RWA) token issuance, custody, and settlement, while integrating in real time with Dubai’s official real estate registry system to fully guarantee legal ownership through digital records.

Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, commented on the launch of the secondary market, stating, “Dubai Land Department’s decision to choose the XRP Ledger demonstrates that this platform is the most suitable blockchain for institutional-grade financial use cases,” adding that it represents “a tremendous advancement in the adoption of real-world assets.” Dubai authorities have set an ambitious goal of tokenizing approximately $16 billion (60 billion dirhams) worth of assets—equivalent to 7% of the total real estate market—by 2033.

Through its economic agenda ‘D33’ and the 2033 Real Estate Strategy, Dubai is accelerating digital transformation and attracting global investment. Enhancing transparency and liquidity in property transactions through blockchain is expected to serve as a key driver in positioning Dubai as a global hub for virtual assets and real estate innovation. The XRP Ledger-based initiative is anticipated to evolve beyond a mere technology adoption case and become a standard model for the global real-world asset tokenization market.

Disclaimer: This article is for investment reference only, and no responsibility is taken for any investment losses resulting from reliance on it. The content should be interpreted for informational purposes only.