Dubai opens property token trading February 20 with 7.8M tokens

Dubai activates token resale from February 20

Dubai Land Department launches secondary market trading for real estate tokens on February 20, 2026. The move activates Phase II of the Real Estate Tokenization Project. About 7.8 million tokens representing fractional property ownership will be available for resale. The initiative follows a pilot phase that began in March 2025.

"The new phase marks a significant step in Dubai's efforts to integrate advanced technologies into its property market, with the activation of resale transactions for about 7.8 million real estate tokens.", 08 February 2026. — Dubai Land Department, Government Authority, Dubai Land Department

VARA collaboration shapes regulatory framework

The project operates in collaboration with the Virtual Assets Regulatory Authority (VARA). Dubai Land Department worked with VARA on the pilot phase launched in March 2025. The pilot tested regulatory, legislative, and technical frameworks before the Phase II launch. The collaboration ensures the tokenized property market operates within established oversight structures.

Tokens trade through approved platforms

Property tokens function as tradable digital assets representing fractional property ownership. Tokens can be bought, sold, or transferred through approved platforms in a secondary market. The tokens represent beneficial interest in Special Purpose Vehicles (SPVs) rather than direct property title. This legal structure differs from traditional stock ownership but enables similar trading mechanisms.