Crypto.com, a worldwide cryptocurrency trade, and the Dubai Land Division (DLD), have signed a Memorandum of Cooperation (MOC) to discover using blockchain and digital currencies in the actual property sector. This announcement follows earlier information that the federal government will allow the cost of presidency charges utilizing digital property or cryptocurrencies.
As per the newest announcement, the initiative is a part of the Dubai Actual Property Technique 2033 that goals to construct a wise, sustainable, actual property ecosystem utilizing superior applied sciences comparable to blockchain, and digital property in addition to tokenization.
The settlement was signed by His Excellency Omar Hamad BuShehab, Director Basic of the Dubai Land Division, and Mohamed Abdul Latif Al Hakim, the authorised signatory for Crypto.com, within the presence of a number of officers and CEOs from each side.
Dubai Land Division indicators a memorandum of cooperation (MoC) with https://t.co/HZnta4oQ7D to develop a digital funding surroundings for digital actual property property and discover using blockchain applied sciences and digital currencies inside the sector. This initiative aligns… pic.twitter.com/eeMDHT7ypu
— Dubai Media Workplace (@DXBMediaOffice) July 6, 2025
Crypto.com to assist Dubai’s digital actual property transactions
Crypto.com will assist Dubai’s digital actual property transactions utilizing blockchain and digital currencies, higher often known as crypto for property transactions. This is not going to solely assist in rising liquidity in the actual property sector but additionally modernize it.
The partnership additionally aspires to construct an built-in digital ecosystem that permits actual property asset buying and selling, investor verification, and the execution of digital custody and settlement processes inside a safe and superior framework.
Crypto.com will suggest options for tokenizing actual property and buying and selling digital property, whereas the Dubai Land Division (DLD) will discover them and supply administrative and logistical assist to implement these regulatory authorised joint tasks. Crypto.com can even supply technical assist, analytical instruments and stories for these tasks.
The Division of Finance (DOF), which develops and executes the federal government’s annual price range, will permit cost of presidency charges in crypto by way of the Crypto.com UAE-regulated trade. As soon as the system is activated, people and companies will be capable of use Crypto.com’s digital pockets and pay for presidency providers. The platform will convert crypto funds into AED and securely switch the funds to Dubai Finance accounts.
Dubai has commenced actual property tokenization
PRYPCO Mint, a joint initiative between the Dubai Land Division (DLD) and PRYPCO licensed by the Digital Property Regulatory Authority (VARA), has efficiently accomplished two tokenized property listings.
That is a part of the Actual Property Tokenization undertaking, which operates beneath a framework developed by the DLD in partnership with VARA, the Central Financial institution of the UAE (CBUAE), and the Dubai Future Basis (DFF) by means of the Actual Property Sandbox.
