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XRP Ledger Powers Dubai Government Real Estate Tokenization Pilot Program
Dubai Land Department launched the Middle East's first government-backed real estate tokenization using 
$XRP Ledger infrastructure.
Over 3,000 investors registered for the pilot program offering fractional ownership of government properties to UAE residents.
Transaction costs dropped 50% compared to traditional real estate processes through blockchain efficiency.
The initiative involves Dubai Future Foundation, VARA, and UAE Central Bank providing the regulatory framework and investor confidence.
Dubai projects that its tokenized real estate market could reach $16 billion by 2033, with $3 billion already tokenized nationwide.
Dr. Mahmoud AlBurai confirmed $XRP Ledger enables secure on-chain ownership while demonstrating government asset issuance capabilities through #blockchain technology.
