Dubai's real estate sales surged by 44%, with real estate tokenization becoming a key driving force.

According to the data, Dubai's real estate market completed 18,700 transactions in May, with total sales reaching AED 66.8 billion (about $18.2 billion), an increase of 44% compared to the same period last year. Among them, sales in the primary market soared by 314% year-on-year, and sales in the secondary market increased by 21%. Industry analysts point out that this growth is closely related to Dubai's continued promotion of real estate tokenization. According to Scott Thiel, CEO of a business, Dubai's vibrant real estate market provides an ideal environment for innovative technologies such as tokenization. The data shows that tokenization technology is reshaping the local real estate investment landscape by improving asset liquidity.