In this episode of The Riffle, we examine Dubai’s Real Estate Tokenisation Pilot and the regulatory oversight framework governing its controlled implementation under the Virtual Assets Regulatory Authority (VARA).

The discussion explores the pilot’s phased progression from initial technological and regulatory validation to its current evaluation stage, including the assessment of secondary-market mechanisms and the conditions required for future scalability.

We also consider the legal architecture underpinning the initiative, including Dubai Law No. 4 of 2022, Cabinet Resolution No. 111 of 2022, and the applicable VARA Rulebooks, alongside jurisdictional scope across Dubai Mainland and Free Zones, with the DIFC excluded.

Particular attention is given to VARA’s formal marketplace alert addressing unauthorized promotional claims, the mandatory licensing requirement for virtual asset activities, verification through the VARA Public Register, and reporting of unlicensed conduct.

A concise overview for boards, senior management, compliance officers, legal teams, digital asset operators, and market participants seeking to understand the supervisory parameters governing tokenised real estate activity within Dubai’s regulated virtual asset ecosystem.

🎙️ Presented by 10 Leaves