Dubai's real estate and crypto regulatory authorities have entered into an agreement to enhance digital asset adoption in the real estate sector. The Dubai Land Department (DLD) and the Virtual Assets Regulatory Authority (VARA) signed this agreement to link the real estate registry with property tokenization. This initiative aims to develop the city's digital infrastructure, attract global investments, and improve market liquidity and property management efficiency. The DLD has also recently piloted a project to convert real estate assets into blockchain-based digital tokens, positioning itself as a pioneer in the UAE in tokenizing property title deeds. This development is expected to stimulate growth in real estate investment, projected to exceed $16 billion by 2033. Scott Thiel, co-founder of Tokinvest, emphasized that this agreement signals a shift towards on-chain investments in real estate, marking a significant advancement in how the market operates.

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