Dubai witnesses a new collaboration between Amaal and IOPn, paving the way for innovative property tokenization.
Dubai's luxury real estate market is experiencing a surge, with sales of homes priced above $10 million reaching $2.6 billion between April and June 2025. Amidst this growth, Amaal Properties, a Dubai-based real estate developer, and IOPn, a digital asset platform, have announced a partnership to bring tokenized property solutions to a broader global investor base.
Mojtaba Asadian, CEO of IOPn, believes the future of real estate is on-chain, and he is proud to build that future with partners like Amaal. Amaal sees innovation as essential to shaping the future of real estate, and collaborating with IOPn exemplifies Amaal's forward-looking vision.
The partnership between Amaal and IOPn aims to digitise a portion of Dubai's real estate market. The Dubai Land Department has recently initiated a real estate tokenisation project, aiming to digitise 7% or $16 billion of property by 2033. This collaboration fits into Dubai’s larger strategy of blockchain integration in real estate, with regulatory bodies like the Virtual Assets Regulatory Authority (VARA) and the Dubai Land Department (DLD) actively promoting tokenization.
IOPn's blockchain infrastructure, OPN Chain, is being used to tokenize the high-end MANSORY Residences. The MANSORY Residences tower is scheduled for completion in Q4 2028. The tokenization of the MANSORY Residences is currently in preparation, with more details expected to be announced in the coming months.
Through tokenisation, Amaal aims to make it possible for more people to participate in real estate investment, supporting the UAE's commitment to leadership in the digital economy and smart city infrastructure. The partnership reflects an innovation-led approach by both organizations to support the evolution of real estate investment.
The infrastructure often involves blockchain networks such as the XRP Ledger, where platforms like Ctrl Alt (partnered with Ripple) manage token custody and property title digitization, signaling robust institutional support and innovation in Dubai’s real estate market. This collaboration benefits from broader initiatives like the tokenization of property title deeds on the XRP Ledger, endorsed by Dubai authorities, and integration with Ripple’s custody infrastructure, reflecting Dubai’s push toward digitizing real estate transactions through blockchain.
IOPn's focus is on unlocking liquidity and global accessibility for traditionally illiquid assets like luxury real estate through strategic collaborations with developers and regulators. The collaboration aligns with Dubai's digital vision to expand access, enhance liquidity, and reshape how international investors participate in the real estate market.
In conclusion, the partnership between Amaal and IOPn represents a concrete example of Dubai’s ongoing transformation of its real estate market through secure, transparent tokenization enabled by blockchain technology and progressive regulation. The collaboration is expected to bring new opportunities for global investors in Dubai's luxury real estate market.
- The Dubai Land Department's real estate tokenization project aims to digitize 7% or $16 billion of property by 2033, aligning with Dubai’s larger strategy of blockchain integration in real estate.
- Amaal Properties plans to use blockchain networks such as the XRP Ledger for tokenizing a portion of Dubai's real estate market, supporting the UAE's commitment to leadership in the digital economy and smart city infrastructure.
- IOPn is focusing on unlocking liquidity and global accessibility for traditionally illiquid assets like luxury real estate through strategic collaborations with developers and regulators.
- The partnership between Amaal and IOPn aims to digitise a portion of Dubai's real estate market, with the tokenization of high-end properties like the MANSORY Residences as a key initiative.
- The infrastructure often involves blockchain networks like the XRP Ledger, where platforms like Ctrl Alt (partnered with Ripple) manage token custody and property title digitization, reflecting robust institutional support and innovation in Dubai’s real estate market.
