Blockchain Real Estate Tokenization Blossoms With Desert Pearl In UAE
Dubai-based DDX, a tokenization consultancy company, is set to launch Desert Pearl, a large-scale real estate blockchain tokenization project in the UAE.
The project aims to create an eco-tourist attraction that combines Dubai’s history and heritage with the natural beauty of the desert.
The project will include a desert resort city with 1000 hotel rooms, 1200 apartments, a shopping mall, conference center, 40-story pearl-shaped building for tourism and entertainment, and a Museum and Heritage center.
The project will be tokenized using blockchain technology, with land tokens minted collaboratively by DDX Launchpad partners. The development is expected to take place over the next five years.
(With inputs from Shikha Singh)
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