- Dubai introduces the first real estate tokenization to XRPL and reduces transaction costs by 50%.
- You can get into real estate shares for less than 2,000 dirhams. But the offer applies to the citizens of the Emirates.
Dubai hat The first tokenized Real estate assets on the XRP Ledger on the top And a new era of blockchain-based asset property began. The initiative was made possible by a local issuer and is supported by a pilot program, which is led by the Dubai Land Department. The transaction fees are 50% of comparable blockchain offers. In the first phase, the offer only applies to citizens of the United Arab Emirates.
Exciting milestone for real estate tokenization in Dubai
The Dubai Government has issued digital assets directly on the XRPL blockchain through a local issuer, cutting transaction fees by 50%.
This enables secure on-chain ownership and demonstrates XRPL’s ability to support…
— XRPL Commons (@xrpl_commons) May 23, 2025
These can already invest in the real estate market in Dubai for 2,000 dirhams – currently around 545 dollars. The use of XRPL ensures that the transactions are completed immediately, and they have the additional advantages of security, trustworthiness, more environmentally friendly character and the minimized need for intermediaries.
Each token corresponds to a small part of a property, which is confirmed by the property recording in the XRPL.
Tickenization makes visions for the public sector a reality
The use of a blockchain to create token for Dubai Property is not Only one example of technological progress, but is a marriage revolution of the way in which governments can manage and distribute physical assets. At the Tokenization enabled die Conversion of real estate into digital tokens the division of property, its Tracking and legally secure tanzaktion in a simple legal procedure.
On the one hand, the operational complexity for large institutions is reduced and The administrative costs for this reducedon the other hand, individuals who are unable to wear the full registration fees can now become co -owners of the property that they strive for.
Smart Contracts provide for Clear, immediate and available proof of ownership, the with Help The blockchainn are created.
XRPL integration is said to create a global standard
Dubai Pioneering work in the tokenization of real estate has become a standard that others can also achieve after you Xrpl have decided, Since it is an established open source system that is Not just fast, but also is safe.
The project’s pilot program Is the proofthat blockchain technology not more only in Labors existedbut keeps its way into the real economy. Til today the XRPL is the basis for international payments, NFTS and other decentralized finances.
With the application That spreads on real estate Advanced Ripple protocol that supports the real estate sector the remodeling the Gesellschaft co –by reforming the administration and access to public infrastructure.
No Comments