Dubai Real Estate Sales Surge in May With Tokenization Growth
Dubai’s real estate sector reached new heights in May, recording its highest-ever sales volumes and transaction values—a sign of increasing investor confidence and a market that may be primed for property tokenization.
Data shared by Property Finder revealed that the city’s real estate market generated 66.8 billion dirhams (around $18.2 billion) from 18,700 transactions. This marks a 44% year-over-year increase in transaction value and a 6% rise in sales volume.
Both the primary and secondary markets contributed to the growth, with primary sales value soaring 314% and secondary sales climbing 21% compared to the same month last year.
These developments come amid rising interest in real estate tokenization, which could broaden access to property investment and transform ownership structures. Scott Thiel, co-founder and CEO of Tokinvest, noted that the strength of Dubai’s real estate market reflects its potential for innovation.
“It reinforces what we already knew, Dubai is becoming one of the most active and attractive real estate markets globally,” he said. He emphasized that tokenization is no longer theoretical and sees the current volume as an ideal foundation for fractional property ownership aimed at both local and international investors.
Thiel added that tokenization isn’t just expected to grow alongside the market—it may actively drive future growth. “Tokenisation won’t just accompany the next record, we believe, it will help drive it,” he said.
Dubai’s record performance comes alongside key regulatory and industry developments supporting tokenized assets. On May 1, MultiBank Group, MAG, and blockchain firm Mavryk signed a $3 billion agreement to bring MAG’s luxury real estate projects onto a regulated blockchain platform.
Then on May 19, Dubai’s Virtual Asset Regulatory Authority (VARA) revised its rules to support real-world asset tokenization, giving clarity to issuers and exchanges. A few days later, on May 25, the Dubai Land Department, the UAE Central Bank, and the Dubai Future Foundation jointly launched a platform enabling investors to buy tokenized shares in ready-to-own properties.
Sources:
https://cointelegraph.com/news/dubai-real-estate-sales-tokenization-boom-may-2025