Dubai: Second tokenised property to be offered at discounted rate this week
Launched at Prypco Mint, the first tokenised unit from Damac Properties was fully funded in just one day last month, setting a regional benchmark for speed, demand, and investor confidence. The property attracted 224 investors from over 40 nationalities, with an average investment amount of Dh10,714.
The second tokenised property will go live on Wednesday, June 11, at 11 am on the Prypco Mint.
'Following the remarkable success of the debut property, which was fully funded within 24 hours, we're excited to launch our second tokenised property on June 11, 2025. This listing features a one-bedroom apartment at Kensington Waters in Mohammed Bin Rashid City, developed by Ellington,' said Amira Sajwani, founder and CEO of Prypco.
As an open, industry-first platform, she said Prypco Mint works with leading developers across the market to give investors access to the best opportunities in real estate, beyond any single developer affiliation.
The new property is priced at Dh1.5 million, below its independently assessed market value of Dh1.9 million. 'We're focused on finding great deals and high-quality properties for our community, and this is another example of us delivering strong value for our investors,' she added.
With a market value of Dh3 million, the first property was offered at a discount rate of Dh2.4 million.
The Dubai Land Department said the waitlist exceeded 6,000 requests after the launch of the first tokenised property.
'It's clear there's a strong and growing demand for this new model of real estate investment. We're confident the second tokenised property will see an equally positive response. It's exciting to see investors embrace the benefits of liquidity, transparency, and accessibility, qualities that are transforming real estate from a traditionally static asset class into something far more dynamic and inclusive,' said Amira Sajwani.
As awareness around tokenised property continues to grow, Prypco's founder said the biggest beneficiaries will be everyday residents who have traditionally been priced out of real estate investment.
'It's about financial inclusion, flexibility, and control. Residents can now start building their property portfolio in a smarter, more accessible way, whether they're investing for the first time or looking to diversify their assets,' she added.
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