Dubai Surpasses $18 Billion in Real Estate Sales in May, Driven by 'Real Estate Tokenization'

Heecheol Yang

Summary

It was reported that Dubai's real estate market recorded $18.2 billion in sales in May, boosted by real estate tokenization policies.
Of this, blockchain-based real estate transactions reached $3 billion.
The industry believes that this record-breaking transaction volume will provide a foundation for further growth of the real estate tokenization market.

Thanks to Dubai regulators' real estate tokenization policies, the local real estate market recorded sales of $18.2 billion in May. Among this, blockchain real estate transactions amounted to $3 billion.

According to the real estate platform Property Finder, Dubai's real estate sector achieved total sales of approximately $18.2 billion (USD) in May, with 18,700 transactions completed. The transaction value increased by 44% year-on-year, while the number of sales grew by 6%.

Scott Thiel, CEO of the real-world asset (RWA) tokenization platform Tokinvest, said, "Such record-breaking deal volume lays a solid foundation for local and international buyers to fractionalize real estate assets," adding, "The real estate tokenization market is expected to become even more active going forward."