Dubai’s VARA and DLD have issued warnings against false claims of participation in the DLD Real Estate Tokenization Project. Authorized involvement is limited to select participants approved by both DLD and VARA to ensure regulatory compliance.
The DLD’s initiative seeks to democratize real estate investment in Dubai, allowing fractional ownership, which is designed to attract a wider range of investors, especially small ones.
To promote tokenization services in Dubai, entities must acquire proper licensing. Unauthorized marketing or misrepresentation can result in enforcement actions, including financial penalties.
Leave a Reply