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Dubai's new tokenized property project sold out to 224 investors on its launch day, signaling a tech-driven real estate shift.
Dubai launched its first tokenized property project, which sold out on the first day to 224 investors, averaging $2,917 each.
The initiative, a collaboration between local authorities, allows fractional ownership and aims to increase transparency and streamline transactions.
Only UAE ID holders can currently invest, but international access is planned.
With a waitlist of over 6,000 and projected growth, the market could reach $16 billion by 2033.
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El nuevo proyecto inmobiliario tokenizado de Dubai se vendió a 224 inversores el día de su lanzamiento, señalando un cambio en el sector inmobiliario impulsado por la tecnología.