Dubai has once again made headlines in the global real estate and fintech sectors with the record-breaking sale of its second tokenized property on the PRYPCO Mint platform. The project was sold out in just 1 minute and 58 seconds, demonstrating the rising demand for blockchain-based domicile investment and highlighting the city’s status as a pioneer in property technology and tokenization.
This represents a significant shift in the way the global population approaches and perceives real estate investment. What was once an asset class accessible only to the rich twenty years ago can now be accessed by almost everyone with a smartphone and AED 2000 in their bank account.
Overview
| Feature | Detail |
| Platform | PRYPCO Mint (by PRYPCO + DLD) |
| Regulated by | VARA (Virtual Assets Regulatory Authority) |
| Sold-Out Time | 1 minute 58 seconds |
| Property Location | Kensington Waters, Mohammed Bin Rashid City |
| Property Value | AED 1.5 million (market value: AED 1.875 million) |
| Total Investors | 149 from 35 countries |
| Minimum Investment | AED 2,000 |
| Blockchain Used | XRP Ledger (Ctrl Alt) |
| Banking Partner | Zand Bank |
| Oversight | DLD, VARA, UAE Central Bank, Dubai Future Foundation |
| Waitlist | Over 10,700 |
| Token Ownership Certificates | Issued officially by Dubai Land Department |
What Is PRYPCO Mint?
PRYPCO Mint is a blockchain-powered platform that offers fractional real estate ownership through property tokenization. The platform was developed in collaboration with the Dubai Land Department (DLD) and PRYPCO, and is licensed and regulated by the Virtual Assets Regulatory Authority (VARA) of Dubai. It uses a blockchain framework to digitize real estate assets and allocate them over digital tokens. The aim is apparent and yet so strong, opening up high-end real estate in Dubai to the ordinary people by using secure, compliant and transparent technology.
The Project That Sold Out in Under Two Minutes
Overview of the Second Project
| Category | Details |
| Project Title | Second Tokenized Property |
| Launch Date | June 11, 2025 |
| Property Location | Kensington Waters |
| Property Type | One-bedroom apartment |
| Valuation (Discounted) | AED 1.5 million |
| Market Value Estimate | AED 1.875 million |
| Minimum Investment | AED 2,000 (~$544) |
| Ownership Model | Fractional ownership via blockchain tokens |
| Sale Result | Sold out in 1 minute and 58 seconds |
| Investor Demand | Over 10,700 users waitlisted |
| Investor Count (Sold Out) | 149 investors from 35 nationalities |
| Token Ownership | Property Token Ownership Certificates issued and logged on blockchain |
The second project listed on PRYPCO Mint was a 1-bedroom apartment in Kensington Waters. It was valued at AED 1.5 million, a price significantly below its market value of AED 1.875 million, giving early investors instant equity and strong projected returns.
What makes this property more remarkable is that 149 investors from 35 countries successfully participated in the offering. Meanwhile, over 10,700 users had registered on the waitlist for a chance to invest, highlighting the massive demand for fractional real estate opportunities.
How Tokenizing Real Estate Works?
Property tokenization involves breaking down real estate assets into digital tokens on a blockchain. Each token represents a share of the property, providing fractional ownership. Here’s how PRYPCO Mint operates:
- Property Selection: High-quality, pre-vetted properties are selected based on market appeal and ROI.
- Tokenization: The ownership of the property is digitized into a limited number of tokens.
- Investment Access: Investors can purchase as little as one token to represent a share of the property.
- Legal Security: Investors receive official Property Token Ownership Certificates issued by the DLD.
- Earnings and Resale: Investors earn a share of rental income, and future resale opportunities will be available through PRYPCO’s secondary market.
Why Investors Rushed In?
Several factors contributed to its overwhelming demand:
1. Affordable Entry Point
The platform reduced the entry criteria starting at only AED 2,000. In comparison to conventional real estate, this low capital requirement has attracted thousands of first-time and small-scale investors.
2. Prime Location and Discounted Value
The apartment in Kensington Waters is located in one of Dubai’s luxury development zones. Offering the property at a 20% discount from its market value gave investors a built-in capital gain from day one.
3. Trust and Transparency
Being built in partnership with Dubai Land Department and regulated by VARA, the project carried the stamp of government support. This assurance was vital for new investors entering the tokenized space.
4. Global Demand
PRYPCO’s extensive outreach across borders attracted investors from over 35 countries, reflecting growing global trust in Dubai’s property market and its regulatory stability.
5. Easy Access
The digital onboarding made it very simple to sign up using the platform, with nearly all procedures taking less than 10 minutes.
Strong Tech and Regulatory Backing
The project used Ctrl Alt’s blockchain infrastructure, operating on the XRP Ledger, a decentralized and high-throughput blockchain known for its energy efficiency and speed. It is licensed by the Virtual Assets Regulatory Authority (VARA). It also works in collaboration with:
- Dubai Land Department (DLD)
- Zand Bank for fiat banking integration
- Dubai Future Foundation
- UAE Central Bank
Moreover, it protects investors, ensures adherence to financial regulations, and maintains stability in the functioning.
The First Project Set the Stage
The initial tokenized real estate listing on PRYPCO Mint was released on May 25, 2025, a two-bedroom apartment in Business Bay. That offering was also a resounding success:
| Category | Details |
| Project Title | First Tokenized Property |
| Launch Date | May 25, 2025 |
| Property Location | Business Bay, Dubai |
| Property Type | Two-bedroom apartment |
| Valuation (Listing Price) | AED 2.4 million ($653,000) |
| DLD Valuation | AED 2.89 million ($786,000) |
| Time to Sell Out | Less than 24 hours |
| Total Investors | 224 investors |
| Investor Nationalities | Over 40 countries |
| Average Investment Per Investor | AED 10,714 (~$2,900) |
| Ownership Format | Blockchain-based Property Token Ownership Certificates |
| Significance | Pioneered a new model for real estate ownership; validated investor appetite for fractionalized property on the blockchain |
This laid the foundation for even more aggressive demand during the second project’s launch, with users now racing to secure tokens before they sold out.
What Does It Mean for Real Estate in Dubai?
The consecutive success of the listing of PRYPCO Mint is a game-changer in the real estate industry of Dubai. Here’s why:
1. Fractional Real Estate is Here to Stay
The overwhelming investor response confirms a growing appetite for fractional ownership models, especially among young, digital-native investors.
2. Global Investment Surge
Dubai is rapidly becoming the go-to market for tokenized property. PRYPCO is already leading the charge, but other players are eyeing the space. Global real estate investors now view Dubai as a fintech-forward jurisdiction.
3. Regulatory First-Mover Advantage
With VARA and DLD supporting the ecosystem, Dubai has created a regulated sandbox where innovation can thrive without compromising investor safety.
4. Smart City Integration
The timeline to reach its tokenized real estate market to become one of the basic elements of the urban and financial landscape in Dubai is predicted to be 2033, which is a part of its Vision 2033 to achieve smart governance and digital transformation.
Future Enhancements
PRYPCO Mint isn’t stopping here. The platform’s current success is just the beginning of a much larger vision. The PRYPCO team has already confirmed that several more tokenized real estate assets are in development, including high-value commercial properties and multi-unit residential buildings. The additions will not only expand investment options but also enhance the status of PRYPCO Mint as a key player in the real estate tokenization investment field. In the coming days, various strategic improvements will be made on the platform to improve the functionality, enrich the user accessibility and offer optimum values to the investors. Planned features include:
1. Secondary Market for Token Resale
A built-in secondary marketplace will allow users to buy and sell their property tokens with other investors. This liquidity option provides greater flexibility and makes real estate investments on PRYPCO Mint more dynamic and tradable, similar to traditional financial markets.
2. Staking Options for Tokens
The team is exploring token staking models, allowing users to lock their tokens in exchange for potential rewards or enhanced returns. This would add a new dimension of earning potential beyond traditional rental income or appreciation.
3. Dynamic ROI Dashboards
Improved dashboards will enable real-time visibility into the portfolio of each investor and will display data on the rental income generated, capital gains, the price changes of tokens and the anticipated ROI. These intuitive dashboards will put more power and transparency in the hands of the investor.
4. Global Investor Onboarding
Currently tailored for UAE residents, PRYPCO Mint plans to open its doors to a broader, international audience. Streamlining compliance and KYC processes for global investors will help unlock capital from around the world and promote more diversified participation in the platform.
These improvements in the pipeline will make PRYPCO Mint not only a real estate investment platform but also a full-fledged ecosystem of tokenized property ownership. The future is likely to be even more flexible, transparent, and accessible to investors worldwide.
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Conclusion
Another record has been broken in the global real estate and fintech markets with the successful sale of the second tokenized property by PRYPCO Mint. It is not just a quick transaction but a peek at the future of real estate investing, and it is inclusive, efficient, and technologically powered. Led by Dubai, tokenized property ownership is about to disrupt the way we own and experience property. Be it the millennial investor in Asia or a European resident, the gates to the Dubai real estate market are now open to you, just a couple of clicks away.
