Dubai Real Estate Market Records $18.2 Billion in Sales in May, Driving Growth for Digitized Assets in Real Estate Sector
The Dubai real estate market just experienced a historic May, reaching a record sales volume of 66.8 billion dirhams (equivalent to $18.2 billion) through 18,700 transactions. These figures not only reflect strong investor confidence but also indicate a deep convergence between the wave of asset tokenization and the real estate market explosion here.
According to data from the Property Finder platform, May 2025 transaction values increased 44% compared to the same period last year, while trading volume increased 6%, demonstrating the comprehensive market heat.
Growth momentum came from both primary (off-plan) and secondary markets (ready properties). Notably, the primary market saw an outstanding growth of 314% compared to May 2023, demonstrating the strong attraction of new projects for investors.
Meanwhile, the secondary market continued to maintain stable growth, recording a 21% value increase. This is an ideal environment for financial technology development, especially real estate tokenization – a method of dividing large assets into smaller parts to democratize investment opportunities.
This outstanding performance of the Dubai market is not an isolated event, but occurs alongside important technological and legal framework advances, creating a solid foundation for Real-World Asset (RWA) tokenization application.
Mr. Scott Thiel, CEO of the Tokinvest platform, noted that the scale and liquidity of the Dubai market are a "clear signal" of readiness for innovation. He emphasized that tokenization is no longer a distant concept, but will become a "key driver to establish the next records" by expanding market access for global investors.
This synergy is further strongly promoted by decisive moves from both the private sector and Dubai government. On May 1st, a $3 billion RWA agreement was signed between MultiBank Group, MAG developer, and Mavryk technology company.
Subsequently, on May 19th, Dubai's Virtual Asset Regulatory Authority (VARA) first updated its regulations, providing a clear legal pathway for tokenized real estate issuance and trading.
Particularly, on May 25th, Dubai Land Department (DLD) together with the UAE Central Bank officially launched a regional-scale tokenization platform, demonstrating the government's strong commitment to modernizing the real estate market.
