More from The National:
Wednesday's best photos: From the Golden Pavilion to LeBron James
Tuesday's best photos: from a British wind farm to snow in Afghanistan
Monday's best photos: From a carnival in Guadeloupe to India's Republic Day rehearsals
Sunday's best photos: from the Lunar New Year to Tel Aviv protests - in pictures
Saturday's best photos: from fog in Kuwait to Lion dance in Australia
Friday's best photos: from Abu Dhabi golf to frozen Britain
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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