Dubai’s real estate sector has taken a major step forward with the launch of Phase Two of its Real Estate Tokenization Project. On February 20, 2026, building on a successful pilot, the new phase introduces controlled secondary market trading for tokenized properties.
The project is powered by the Dubai Land Department (DLD) and implemented with infrastructure from Ctrl Alt. During Phase One, ten properties were tokenized, representing over $5 million (AED 18.5 million) in total value.
Approximately 7.8 million tokens issued in the pilot are now eligible for secondary market trading. This expansion allows investors to buy and sell property tokens while maintaining transparency and compliance with existing land regulations.
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Controlled Secondary Market Trading Live
Phase Two focuses on operational readiness and market efficiency. The secondary market is regulated to protect investors and ensure transaction integrity. All trades occur on a platform integrated with DLD systems, aligning digital ownership records with official title deeds.
On the XRP Ledger (XRPL), transactions occur while Ripple Custody protects all assets. The tokenization engine of Ctrl Alt monitors the transactions, ensuring that there is one continuous and immutable record of ownership. In this manner, all secondary market transactions remain in complete compliance with the legal and regulatory environment of Dubai.
Additionally, Ctrl Alt distributes Asset-Referenced Virtual Asset (ARVA) management tokens to enable regulated transfers in the secondary market. On the blockchain, ownership and management tokens coexist to provide a seamless and transparent trail of property ownership.
Dubai Sets Global Benchmark
Dubai is positioning itself as a world leader in innovation within the real estate sector. With a combination of government support, clear regulations, and advanced tokenization infrastructure, Dubai demonstrates how digital assets can disrupt the concept of real estate ownership. Investors now have easier access to fractionalized real estate, and market operations remain open, transparent, and secure.
Phase Two is more than just an upgrade. It showcases the power of tokenized assets to unlock liquidity, open up participation, and disrupt traditional property markets. The project demonstrates Dubai’s commitment to integrating blockchain technology into the markets of real-world assets.
Why This Matters
It expands the list of people who can enter the Dubai property market, encouraging both individuals and institutions to participate in markets that were previously difficult to access.
It adds liquidity to properties that were previously stuck in place, making way for a smoother process of transfer and more acute investment opportunities.
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