Dubai’s real estate market emerged in May, posting record sales volumes and transaction values that indicate the growing confidence of the investor and potential readiness for the tokenization of the owner.
According to data shared on a press release with the cointelegraph of the real estate platform’s finder platform, Dubai’s real estate sector reached a total sales amount of 66.8 billion Dirham (about $ 18.2 billion) throughout 18,700 transactions in May. The numbers indicate a 44% year-on-year ascent to the transaction value and a 6% increase in sales volume.
Growth is driven by both primary and secondary market activities. The main sales saw a 314% spike in value compared to May 2024, while the second sales rose 21% in value.
The performance comes in the middle of a speeding push for real estate tokenization, which will open the market to more investors and re -consist of the dynamics of ownership.
Dubai’s real estate performance market signs are tokenization readiness
Scott Thiel, co-founder and CEO of the Real-World Asset (RWA) tokenization platform Tokinvest, told Cointelegraph that Dubai’s record-breaking performance of the real estate market indicates the city’s reward for changing real estate such as tokenization.
“It strengthens what we already know, Dubai is becoming one of the most active and attractive -attractive real estate markets around the world,” Thiel told Cointelegraph. “When you see 60 billion Dirham in transactions a month, it’s a powerful signal that the market is liquid, dynamic and ready for change.”
The Executive added that the tokenization of real estate is no longer a futuristic concept but an active development that gets steam. Thiel added that volume presents a perfect launch for fractionalization – dividing features into smaller, more affordable shares – to meet investor demand locally and around the world.
Thiel added that tokenization will not only follow market growth but it will help to accelerate it. “Tokenisation will not only be accompanied by the next note, we believe, it will help drive it away,” he said.
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Regulators return to tokenized genitals -arians
Dubai’s real estate boom in May in conjunction with the major regulation and industry development to modernize how the owners are sold and purchased.
On May 1, Dubai’s Multibank Group, real-estate giant mag and blockchain provider Mavryk signed a $ 3 billion agreement with RWA. The deal will bring luxury real-estate MAG to Blockchain projects using a regulated RWA market.
On May 19, the Virtual Asset Regulatory Authority (VARA), Dubai Crypto regulator, Its guidelines have been updated To integrate provisions for tokenization of the real-world asset (RWA). Attorney Irina Heaver told Cointelegraph These policies provide those who give and replace a clear path to Launch and trade tokenized real estate assets.
On May 25, the Dubai Land Department (DLD), the Central Bank of the United Arab Emirates, and the Dubai Future Foundation Launched a tokenized Real Estate project In the Middle East and North African region. Government institutions have launched a platform that allows investors to buy tokenized shares in “ready-owned properties in Dubai.”
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