Dubai Land Department launches Phase II of the Real Estate Tokenisation Project, enabling resale in secondary market from 20 February

Dubai Land Department (DLD) has launched Phase II of the Real Estate Tokenisation Project, enabling resale of approximately 7.8 million real estate tokens starting 20 February. This follows a pilot phase under the 'REES Real Estate Innovation Initiative' with VARA, aiming to enhance market transparency, governance, and investor protection while aligning with Dubai Real Estate Sector Strategy 2033 and UAE Vision 2071.