Tokenized Real Estate Expands in Dubai and Maldives With Multi Million Dollar Projects

Tokenized real estate initiatives are gaining momentum in the Middle East and Indian Ocean, with new developments announced in Dubai and the Maldives that could reshape property investment models in both regions.

Dubai Land Department Advances Real Estate Tokenization Pilot

The Dubai Land Department has launched the second phase of its real estate tokenization pilot after approximately $5 million in property assets were successfully tokenized in the initial rollout. The first phase enabled the resale of roughly 7.8 million digital tokens tied to real estate holdings.

Infrastructure partner Ctrl Alt, a licensed Virtual Asset Service Provider, will issue asset-referenced virtual asset management tokens to facilitate secondary market transfers. Onchain records will be maintained on the XRP Ledger and secured through Ripple custody solutions.

Officials previously projected that tokenized property transactions could reach $16 billion by 2033, accounting for about 7% of Dubai’s total real estate activity.

Trump Linked Maldives Resort Eyes Blockchain Funding Model

In the Maldives, DarGlobal and World Liberty Financial announced plans to tokenize a Trump branded resort development. The initiative will be executed in partnership with Securitize.

Developers say tokenization could broaden investor access, allowing smaller participants to gain exposure to large-scale hospitality projects traditionally reserved for institutional or high net worth investors.

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