Dubai’s PRYPCO Mint Launches Second Property Token After First Success
Dubai-based proptech startup PRYPCO Mint, the first platform in the region to offer tokenized real estate, has launched its second property using blockchain technology. This is an important move in Dubai’s plan to modernize real estate investment with the help of technology.
Tokenized Real Estate in Dubai
A new investment opportunity was launched on Wednesday by PRYPCO Mint. It features a one-bedroom apartment in Kensington Waters, Mohammed Bin Rashid City, priced at $408,430 (AED 1.5 million). This is lower than its estimated market value of $510,537 (AED 1.875 million), giving investors a chance to gain extra value from the start.
What is Tokenized Real Estate?
Tokenized real estate means turning property ownership into digital tokens using blockchain technology. This allows people to buy, sell, or trade small parts of a property, similar to how stocks or digital assets are traded.
This is PRYPCO Mint’s second property launch, following the quick sale of their first tokenized apartment in less than 24 hours.
The goal of PRYPCO Mint is to make property ownership easier and more affordable. People can invest with as little as $544.5 (AED 2,000). The platform is mainly for tech-savvy users, millennials, and first-time buyers who want to invest in Dubai’s property market through an easy-to-use mobile app.
PRYPCO Mint was launched on May 25 through a partnership between the Dubai Land Department (DLD) and PRYPCO. It is officially licensed by the Virtual Assets Regulatory Authority (VARA). The first listing—a two-bedroom apartment in Business Bay priced at $653,488 (AED 2.4 million)—was fully funded in one day.
That property attracted 224 investors from over 40 countries, each investing an average of $2,917 (AED 10,714). The DLD had valued the apartment at $786,908 (AED 2.89 million), showing strong interest in this new way of real estate investment.
What They Said
“Our first property sold out quickly, showing that people want smarter, easier ways to invest in real estate,” said Amira Sajwani, founder and CEO of PRYPCO, who is also featured in Forbes Middle East’s 30 Under 30 list for 2023.
“With this second property, we’re continuing to make real estate investment more open and available to more people,” she added.
Making It Official
To make everything legal and secure, the DLD gave official Property Token Ownership Certificates to the first group of investors. This is a big step in bringing tokenized real estate into Dubai’s legal system.
This project was built by the DLD along with VARA, the UAE Central Bank, and the Dubai Future Foundation. The blockchain technology is supported by Ctrl Alt using the XRP Ledger. Zand Bank is the official bank partner, handling the money side of things.
Right now, PRYPCO Mint is only open to UAE residents with valid Emirates IDs. But they plan to allow international investors soon, showing Dubai’s strong focus on becoming a global leader in blockchain-based real estate.
Published: 13th June 2025
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