Dubai real estate sales exceed $18 billion in May, driven by tokenization

Odaily News Against the backdrop of accelerated real estate tokenization, Dubai's real estate market soared in May, with sales and transaction volumes hitting new highs, indicating growing investor confidence and potential readiness for real estate tokenization. According to data from the real estate platform Property Finder, Dubai's real estate industry completed 18,700 transactions in May, with total sales of 66.8 billion dirhams (about 18.2 billion U.S. dollars). Data showed that transaction volume increased by 44% year-on-year and sales increased by 6%. (Cointelegraph)