Dubai is beginning to open its real estate market to smaller global investors by allowing properties to be bought and sold in fractional digital shares through blockchain-based platforms. “Dubai wants to maintain global leadership by making its real estate more accessible to a much larger group of investors,” said Kashif Ansari, co-founder and group CEO of Juwai IQI. Property advisers say tokenisation could reshape how real estate trades by introducing a secondary market alongside traditional transactions. “From a valuation perspective, fractional ownership introduces new risks, particularly increased volatility and speculative trading, which are less common in traditional real estate markets,” he said. Ansari said he expects tokenisation to expand overall inflows into Dubai real estate, even if some capital shifts from direct ownership to digital assets.