In May, Dubai's real estate sales reached $18.2 billion, and the tokenization process accelerated market development

ChainCatcher news, according to Cointelegraph, Property Finder's latest data shows that in May, Dubai's real estate market completed a total of 18,700 transactions, with a total sales volume of 66.8 billion dirhams (approximately 18.2 billion USD), an increase of 44% compared to the same period last year. Among them, the primary market sales surged by 314% year-on-year, while the secondary market grew by 21%.

Industry analysis points out that this growth is closely related to Dubai's ongoing promotion of real estate tokenization. Scott Thiel, CEO of Tokinvest, stated that Dubai's active real estate market provides an ideal development environment for innovative technologies such as tokenization. Data shows that tokenization technology is reshaping the local real estate investment landscape by enhancing asset liquidity.