Dr. Mahmoud Alburai, senior director of real estate policies and innovation at the Dubai Land Department, said that Dubai aims to increase real estate transactions from "600 billion dirhams" to "1 trillion dirhams by 2033." This announcement was made during his presentation at Binance Blockchain Week.
"We want to take our real estate transaction from 600 billion dirhams of today to 1 trillion dirhams by 2033," said Alburai.
According to a 2023 report by Boston Consulting Group (BCG), the tokenized asset market is projected to grow from $1.5 trillion to $16.1 trillion by 2030, suggesting a promising future for borderless, on-chain investments.
The BCG report also indicates that real estate tokenization could contribute up to $3.2 trillion to the overall market. By enhancing liquidity, simplifying operations, and enabling borderless access, tokenization is transforming how investors engage with high-value assets and fostering more inclusive global markets.
Traditional alternative investments often require minimum investments exceeding $250,000, creating barriers for many individuals. Bain & Company reports that tokenization can reduce these minimum investment amounts to as low as $1,000, thereby "broadening the investor base significantly" and allowing more individuals to participate in high-value asset markets. This democratization of access could lead to a more inclusive financial system.
Alburai is recognized as a leader in sustainable development goals (SDGs) and has founded the first real estate institute in the Middle East along with an SDG-inspired think tank in the Arab region.
Binance Blockchain Week is a conference designed to bring together innovators, founders, investors, regulators, and officials to discuss the future of blockchain and Web3. The theme of this year's conference is "Momentum," which according to its website states: "Momentum propels our industry, not only taking us through challenges but also leading us to our biggest achievements."