Dr. Mahmoud Alburai, senior director of real estate policies and innovation at the Dubai Land Department, said that tokenization is a key component of Dubai’s newly "approved Real Estate Strategy 2033" aimed at "democratizing" investment. Alburai made this statement during his presentation at Binance Blockchain Week.
"Tokenization is utilization of technology to provide investment products for people to invest there," said Mahmoud Alburai. "So we call it how we democratize real estate investment. A few weeks ago, we approved Dubai Real Estate Strategy 2033. And actually, tokenization now, we're not just talking about it. It's happening. It's part of our plan."
According to a report by Boston Consulting Group (BCG) in 2023, the tokenized asset market is projected to grow significantly from $1.5 trillion to $16.1 trillion by 2030, suggesting a promising future for borderless, on-chain investments.
The BCG report also indicates that real estate tokenization could contribute up to $3.2 trillion to the overall market. By enhancing liquidity, simplifying operations, and enabling borderless access, tokenization is transforming how investors engage with high-value assets and fostering more inclusive global markets.
Traditional alternative investments often require minimum investments exceeding $250,000, creating barriers for many individuals. Bain & Company reports that tokenization can reduce these minimum investment amounts to as low as $1,000, thereby "broadening the investor base significantly" and allowing more individuals to participate in high-value asset markets. This democratization of access could lead to a more inclusive financial system.
Alburai holds a senior position at the Dubai Land Department and is recognized as a leader in sustainable development goals (SDGs). He founded the first real estate institute in the Middle East and an SDG-inspired think tank in the Arab region.
Binance Blockchain Week is described on its website as a conference that brings together innovators, founders, investors, regulators, and officials to discuss the future of blockchain and Web3. The theme of this year's conference is "Momentum." The website states: "Momentum propels our industry, not only taking us through challenges but also leading us to our biggest achievements."