The transaction volume of real estate in Dubai surged by 44% to $18.2 billion, with tokenization technology becoming a key driving force for market rise.

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According to data from the data platform, Dubai’s real estate market completed a total of 18,700 transactions in May, with total sales reaching 66.8 billion dirhams (approximately 18.2 billion USD), a rise of 44% compared to the same period last year. Among them, sales in the Primary Market surged by 314% year-on-year, while the Secondary Market grew by 21%. Industry analysis indicates that this growth is closely related to Dubai’s ongoing promotion of the tokenization process in real estate. Scott Thiel, CEO of a certain company, 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.

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