In Q1 2025, Dubai’s real estate market reached record figures, 87.5 billion dirhams (~$23.82 billion). One of the key drivers is the active development of tokenization projects.
According to the Property Finder report, Dubai’s real estate market is showing explosive growth in 2025. In Q1 2025 alone, 45,474 property transactions were completed in the emirate, with 18,700 of them taking place in May 2025.
The report states that the total transaction volume in Dubai’s real estate sector for Q1 2025 reached 87.5 billion dirhams ($23.82 billion), with deals worth 66.8 billion dirhams ($18.2 billion) conducted in May of this year. The overall transaction volume in May 2025 increased by 44% compared to May 2024. The total number of real estate transactions in Q1 2025 rose by 22% compared to Q4 of the previous year.
Cherif Sleiman, Chief Revenue Officer at Property Finder, noted that investors in Dubai expect long-term growth in investment profitability thanks to global changes in regulatory policies and the adoption of innovations. In particular, the integration of Web3 technologies in the sector significantly accelerated the property buying and selling process. Tokenization made the market accessible to retail investors.
Recently, the Dubai government, with participation from the Dubai Land Department (DLD), the Central Bank of the UAE, and the Dubai Future Foundation (DFF), launched a licensed tokenized real estate project.
The report also highlights that the UAE real estate market continues to evolve into a globally competitive and investor-friendly ecosystem. Dubai remains a leader largely due to collaboration between the DLD and the Virtual Assets Regulatory Authority (VARA) in tokenizing data from the emirate’s property registry.
49% of the total transaction volume in Dubai’s real estate market in Q1 2025 was concentrated in ten districts, with Dubai Land topping the list. Dubai Land moved up from 14th to first place, accounting for about 12% of total transactions by volume and 9% by transaction value.
The global tokenized real estate market could grow to $4 trillion by 2035. Dubai is poised to be at the forefront of this process thanks to the expansion of crypto initiatives and progressive sector regulation .
