Dubai’s real estate market increased in May, posting record sales volumes and transactions values, which increase the confidence of investors and potential readiness for property tokens.
According to data shared in a press release with cointelegraph by Real Estate Platform Property Finder, the real estate sector of Dubai reached a total selling price of 66.8 billion Dirham (about $ 18.2 billion) in 18,700 transactions in May 18,700 in May. Statistics indicate an increase of 44% year-on-year and 6% increase in sales volume.
The development was operated by both primary and secondary market activity. The primary sales saw 314% spikes in the price compared to May 2024, while secondary sales prices rose 21%.
This performance comes amidst a quick push in real estate toking, which opens the market for more investors and re -prepares the dynamics of the property ownership.
Dubai’s Real Estate Market Performance Signal Toknerization Readyness
CEO, co-founder and CEO of Real-World Asset (RWA) Tokanization platform Tokinwest, told Coinlagraph that Real Estate Market’s Record-Market Record-Breaking Performance token indicates the city’s readiness for real estate innovation.
“It reinforces what we already knew, Dubai is becoming one of the most active and attractive real estate markets globally,” Theal told the coinalgraph. “When you see 60 billion dirham in transactions in a single month, it is a strong sign that the market is liquid, dynamic and ready for innovation.”
The executive stated that real estate tokening is no longer a future concept, but an active development gets steam. Thiel stated that volume presents an ideal launchpad for division – local and internationally dividing properties into small, more economical shares to meet investor demand.
Thiel said that tokening will not only follow the development of the market, but will help intensify it. “Tokenification will not be just with the next record, we believe, it will help run it,” he said.
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Regulatory Back token Property
Dubai’s real estate boom matches the development of major regulators and industry in May how properties are sold and purchased.
On May 1, Dubai’s Multibank Group, Real-Estate Giant Mag and Blockchain provider Mavric Signed $ 3 billion RWA agreementThe deal will bring MAG’s luxury real-estate projects into blockchain using a regulated RWA marketplace.
On May 19, Virtual Asset Regulatory Authority (VARA), Crypto Regulatory of Dubai, Updated its guidelines Real world property (RWA) to incorporate provisions of torrentialization. Advocate Irina Hever told Cointelegraph that these rules give to the issuers and exchange a clear path Launch and Business token real estate,
On 25 May, Dubai Land Department (DLD), United Arab Emirates Central Bank and Dubai Future Foundation Launched a token real estate project In the Middle East and North Africa region. Government institutions launched a platform that allows investors to purchase tokens shares in “Ready-to-on Property in Dubai”.
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