Dubai’s Land Department has signed an agreement with global crypto platform Crypto.com to explore how blockchain and digital currency can be used in real estate transactions. The partnership is part of Dubai’s wider push to build a modern and secure digital property market.
The Memorandum of Cooperation was signed by His Excellency Omar Hamad BuShehab, Director General of the Dubai Land Department, and Mohamed Abdul Latif Al Hakim, the authorised signatory for Crypto.com. The agreement falls under the city’s Real Estate Strategy 2033, which focuses on driving growth through innovation and technology.
According to the Dubai Government Media Office, the partnership aims to develop a secure and efficient platform for real estate services using blockchain. This includes using digital assets for payments, asset tokenization, and improving trust and transparency in property deals.
The Department of Finance also plans to allow individuals and businesses to pay government fees with crypto through Crypto.com’s UAE-regulated platform. Once live, the system will convert digital currency into dirhams (AED) and send the funds to the correct government accounts. This is expected to simplify payment flows and attract international investment.
The Dubai Land Department said the deal will support the creation of a digital real estate ecosystem. This includes safe and seamless verification of investors, digital custody, and blockchain-based settlement systems. Crypto.com will offer the technical support needed to design these systems.
The two parties said they will work closely to carry out pilot programmes inside the Real Estate Sandbox framework. These trials will help test the technology and build regulatory clarity as Dubai moves toward wider adoption of blockchain in property transactions.
Also Read: China Flags Surge in Fake Digital Yuan & Stablecoin Investment Scams
