Dubai Land Department Partners with Crypto.com to Advance Digital Real Estate Investment
The partnership supports the Dubai Government's broader digital transformation agenda and aligns with the Dubai Real Estate Strategy 2033, which targets AED1 trillion in real estate transactions by the end of the decade. It also builds on recent plans to allow government fee payments using digital currencies.
Under the memorandum, both parties will explore blockchain-driven solutions for digital real estate transactions, including property tokenisation, digital custody, and investor verification. The aim is to enhance liquidity and create a seamless, secure framework for smart real estate investment.
The agreement was signed by His Excellency Omar Hamad BuShehab, Director General of DLD, and Mohamed Abdul Latif Al Hakim, authorised signatory for Crypto.com, in the presence of senior officials from both organisations.
Crypto.com will provide technical support, propose digital currency solutions, and deliver analytical tools to aid decision-making. DLD, in turn, will offer regulatory support and oversee compliance with local laws.
This initiative is part of Dubai's continued push to position itself as a global hub for tech-led investment and innovation, reinforcing its ambition to become the world's leading destination to live, work, and invest.
News Source: Emirates News Agency
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