Tokinvest co-founder Scott Thiel told Cointelegraph that the new development opens up Dubai’s real estate market to global investors.
Dubai’s real estate and crypto regulatory authorities have signed a new agreement aimed at expanding digital asset adoption in the real estate sector.
On April 6, the Dubai Land Department (DLD) announced an agreement with the Virtual Assets Regulatory Authority (VARA). According to the announcement, the agreement will link Dubai’s real estate registry with property tokenization through a governance system.
The agreement aims to improve digital infrastructure and attract global investment by enhancing market liquidity and property management efficiency.
