$100 investment in real estate? Tokenisation now makes it possible in the UAE

$100 investment in real estate? Tokenisation now makes it possible in the UAE

PurpleFi launches tokenisation and yield aggregator platform

Web3 has enabled the tokenisation of real assets and democratise the investment process. Photo for illustrative purposes only. - Shutterstock

Published: Fri 10 Mar 2023, 6:09 PM

Investors could soon buy a fraction of a property for as low as $100 – if the assets are put in the blockchain market for tokenisation that will allow millions of individuals to invest in real estate, gold and commodities.

This could be the next big game-changer in the real estate, gold and commodities trade in the UAE and the GCC, as technology platforms for tokenising real assets are here in the market.

A new fin-tech start-up, PurpleFi, has launched fractional ownership in real estate through tokenisation in Dubai that allows investors to own a fraction of a property – even as low as $100 – that democratises the real estate investment and will allow people with small amount to invest in real estate, which could give Dubai’s Dh528 billion real estate market another big boost this year.

The concept of tokenisation of real estate assets involves creating a virtual token representing ownership of a particular type of asset. Tokens can represent real estate-related ownership in several ways due to their enhanced