In another step toward real estate digitalization, the Dubai Land Department (DLD) has collaborated with the prominent crypto exchange Crypto.com to expand the digitalization of virtual real estate assets.
According to Dubai Media Office, both parties moved in lockstep to sign a memorandum of cooperation (MoC) to foster a digital investment ecosystem for “virtual real estate assets”. This initiative also helps explore the application of blockchain technologies and digital currencies within the sector.
Another official statement read that DLD and Crypto.com’s collaboration aligns with the Dubai Real Estate Strategy 2033, which aims to build a “smart, sustainable, and knowledge-driven real estate ecosystem.”
What does this partnership mean?
With the new integration, DLD and Crypto.com aim to support digital real estate transactions using blockchain technologies and virtual assets — in other words, using digital assets for real estate transactions. Their broader vision also expands to exploring the use cases of digital currencies in property transactions.
Crypto.com has previously carved its legacy in the UAE
DLD’s latest landmark initiative follows a May 2025 MoU between Dubai Finance and Crypto.com to enable crypto payments for government service fees. Furthermore, the crypto exchange has teamed up with Dubai Islamic Bank to explore Sharia‑compliant digital solutions.
Dubai’s dominance in digital technology and real estate
The Dubai government, including the UAE, is preeminent in adopting Web 3 and blockchain technology. Likewise, its real estate industry is ballooning with a huge number of real estate properties, hooking investors from every nook and corner of the world. Web3 and blockchain sectors are not an exception; several crypto companies are finding this land an opportunity to thrive. According to Dubai (DMCC), its Crypto Center is home to more than 650 crypto companies.
DLD and PRYPCO Mint’s partnership brings real estate tokenization
A significant achievement that put Dubai in the headlines was the Dubai Land Department and PRYPCO Mint’s collaborative launch of the first tokenized real estate ownership certificate, the first of its kind in the MENA region. This astonishing moment was made practical with efforts from XRP Ledger, the regulatory body VARA, the Central Bank of the UAE, Ctrl Alt, and Sandbox Real Estate.
In the wake of this news, real estate portal Property Finder revealed that the industry surged in May, with AED 66.8 billion in sales transactions. Amid this staggering boom comes the news of Dubai’s latest integration with Crypto.com.
