Dubai has launched Phase Two of its Real Estate Tokenization Project, introducing controlled secondary market trading for tokenized properties. The initiative, led by the Dubai Land Department and implemented by Ctrl Alt, allows approximately 7.8 million tokens from a successful pilot to be traded. All transactions are secured on the XRP Ledger using Ripple Custody, integrating digital ownership with official land records.
Dubai’s real estate sector has advanced with the launch of Phase Two of its Real Estate Tokenization Project on February 20, 2026. This phase introduces controlled secondary market trading for tokenized properties.
The project is powered by the Dubai Land Department (DLD) and implemented with infrastructure from Ctrl Alt. During Phase One, ten properties were tokenized, representing over $5 million in total value.
Approximately 7.8 million tokens issued in the pilot are now eligible for secondary market trading. This allows investors to buy and sell property tokens while maintaining compliance with land regulations.
Phase Two focuses on operational readiness and market efficiency. All trades occur on a platform integrated with DLD systems, aligning digital records with official title deeds.
Transactions are secured on the XRP Ledger (XRPL) while Ripple Custody protects all assets. Ctrl Alt’s tokenization engine ensures a continuous and immutable record of ownership.
Ctrl Alt also distributes Asset-Referenced Virtual Asset (ARVA) management tokens to enable regulated transfers. On the blockchain, ownership and management tokens coexist to provide a transparent trail.
Dubai is positioning itself as a world leader in real estate innovation. The combination of government support, clear regulations, and advanced tokenization showcases how digital assets can transform property ownership.
The project demonstrates the power of tokenized assets to unlock liquidity and open participation. It expands access to the Dubai property market for both individuals and institutions.
