UAE Set to Tokenize $10B in Real Estate—Redrawing Investment Maps With Blockchain

Mavryk, a blockchain-based real estate tokenization platform, has announced a $10 million funding round led by Multibank, a regional banking group with a strong presence in the United Arab Emirates. The capital infusion will be used to support the development and execution of a $10 billion real estate tokenization initiative in the UAE, marking one of the largest applications of blockchain technology in the property sector to date. The initiative is expected to begin in the first half of 2025 and will target high-value commercial and residential properties across the UAE's key cities, including Dubai and Abu Dhabi.

According to a press statement from Mavryk, the tokenization project will leverage blockchain to tokenize fractional ownership of real estate assets, enabling investors to participate in previously illiquid markets with greater flexibility and transparency. The initiative is being supported by regulatory partners and is in alignment with the UAE's broader economic diversification goals, which emphasize digital transformation and financial innovation.

Multibank, which has been expanding its fintech partnerships in recent years, stated that the investment in Mavryk reflects its commitment to supporting emerging financial technologies that enhance market access and efficiency. The bank also noted that the tokenization model could significantly reduce transaction costs and improve liquidity for both large institutional and smaller retail investors.

The $10 billion tokenization program is projected to be one of the most ambitious in the real estate sector globally. By converting property assets into digital tokens, Mavryk aims to unlock new capital sources and streamline the investment process. The platform will provide real-time data on asset performance, ownership transfers, and compliance reporting, which are expected to enhance trust and investor confidence.

Analysts have noted that the UAE's regulatory environment has become increasingly favorable for blockchain and tokenization initiatives, particularly following recent updates to financial regulations by the Dubai Financial Market and the Abu Dhabi Global Market. These changes have paved the way for more sophisticated financial products and services, including tokenized real estate offerings. The Mavryk initiative is expected to serve as a blueprint for similar programs across the Middle East and beyond.

The project is also expected to create a ripple effect on the broader real estate and fintech sectors in the UAE. By introducing a more liquid and accessible investment model, it may attract a wider pool of international investors looking to diversify their portfolios with real assets. Additionally, Mavryk has indicated plans to expand its tokenization platform to other markets in the future, subject to regulatory approval.

Mavryk and Multibank have both emphasized their commitment to transparency, security, and compliance throughout the project. They have partnered with third-party auditors and legal advisors to ensure full adherence to local and international financial standards. The companies also plan to conduct investor education campaigns to build awareness and trust in tokenized real estate as an emerging asset class.