{"id":40768,"date":"2025-04-24T16:00:03","date_gmt":"2025-04-24T13:00:03","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=40768"},"modified":"2025-04-24T14:20:44","modified_gmt":"2025-04-24T11:20:44","slug":"dubai-regulator-warns-of-fake-claims-in-real-estate-tokenization-project","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/dubai-regulator-warns-of-fake-claims-in-real-estate-tokenization-project\/","title":{"rendered":"Dubai Regulator Warns of Fake Claims in Real Estate Tokenization Project"},"content":{"rendered":"<p class=\"\" data-start=\"78\" data-end=\"318\"><strong><a href=\"https:\/\/coinengineer.net\/blog\/russia-eyes-launch-of-exclusive-crypto-exchange-for-elite-investors\/\">Dubai\u2019s<\/a> virtual asset authority has issued a stern warning<\/strong> against companies that are falsely presenting themselves as part of the emirate\u2019s <strong data-start=\"223\" data-end=\"262\">real estate tokenization initiative<\/strong>, urging both investors and the public to stay cautious.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/dubai-regulator-warns-of-fake-claims-in-real-estate-tokenization-project\/#VARA_Only_Approved_Firms_Can_Participate\" title=\"VARA: Only Approved Firms Can Participate\">VARA: Only Approved Firms Can Participate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/dubai-regulator-warns-of-fake-claims-in-real-estate-tokenization-project\/#Tokenized_Property_Market_Could_Hit_16_Billion_by_2033\" title=\"Tokenized Property Market Could Hit $16 Billion by 2033\">Tokenized Property Market Could Hit $16 Billion by 2033<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/dubai-regulator-warns-of-fake-claims-in-real-estate-tokenization-project\/#Caution_Ahead_of_Major_Industry_Event\" title=\"Caution Ahead of Major Industry Event\">Caution Ahead of Major Industry Event<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"\" data-start=\"325\" data-end=\"370\"><span class=\"ez-toc-section\" id=\"VARA_Only_Approved_Firms_Can_Participate\"><\/span>VARA: Only Approved Firms Can Participate<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"\" data-start=\"372\" data-end=\"658\">In a joint statement with the <strong data-start=\"402\" data-end=\"433\">Dubai Land Department (DLD)<\/strong>, the <strong data-start=\"439\" data-end=\"485\">Virtual Assets Regulatory Authority (VARA)<\/strong> emphasized that the pilot project, launched on <strong data-start=\"533\" data-end=\"545\">March 19<\/strong>, is limited to a select group of companies that have received <strong data-start=\"608\" data-end=\"629\">official approval<\/strong> from both regulatory bodies.<\/p>\n<blockquote data-start=\"660\" data-end=\"863\">\n<p class=\"\" data-start=\"662\" data-end=\"863\">\u201c<strong data-start=\"663\" data-end=\"713\">No organization without explicit authorization<\/strong> from DLD and VARA is allowed to take part,\u201d the statement read. \u201cAny claims to the contrary are <strong data-start=\"810\" data-end=\"824\">misleading<\/strong> and could lead to legal consequences.\u201d<\/p>\n<\/blockquote>\n<p class=\"\" data-start=\"865\" data-end=\"964\">The regulator refrained from disclosing the names of the firms involved in these misleading claims.<\/p>\n<h3 class=\"\" data-start=\"971\" data-end=\"1030\"><span class=\"ez-toc-section\" id=\"Tokenized_Property_Market_Could_Hit_16_Billion_by_2033\"><\/span>Tokenized Property Market Could Hit $16 Billion by 2033<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"\" data-start=\"1032\" data-end=\"1353\">The initiative is part of Dubai\u2019s broader vision to become a <strong data-start=\"1093\" data-end=\"1152\">global hub for digital assets and blockchain technology<\/strong>. It\u2019s projected that by <strong data-start=\"1177\" data-end=\"1185\">2033<\/strong>, <strong data-start=\"1187\" data-end=\"1268\">tokenized real estate transactions could account for 7% of all property deals<\/strong>, reaching an estimated <strong data-start=\"1292\" data-end=\"1336\">60 billion dirhams (approx. $16 billion)<\/strong> in total volume.<\/p>\n<h3 class=\"\" data-start=\"1360\" data-end=\"1401\"><span class=\"ez-toc-section\" id=\"Caution_Ahead_of_Major_Industry_Event\"><\/span>Caution Ahead of Major Industry Event<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"\" data-start=\"1403\" data-end=\"1669\">This warning from VARA comes just days before the city hosts the <strong data-start=\"1468\" data-end=\"1482\">Token 2049<\/strong> conference. In a recent observation, on-chain investigator <strong data-start=\"1542\" data-end=\"1553\">ZachXBT<\/strong> noted that such large-scale events often attract a <strong data-start=\"1605\" data-end=\"1668\">higher-than-average number of scams and misleading projects<\/strong>.<\/p>\n<hr \/>\n<p class=\"\" data-start=\"1403\" data-end=\"1669\"><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dubai\u2019s virtual asset authority has issued a stern warning against companies that are falsely presenting themselves as part of the emirate\u2019s real estate tokenization initiative, urging both investors and the public to stay cautious. VARA: Only Approved Firms Can Participate In a joint statement with the Dubai Land Department (DLD), the Virtual Assets Regulatory Authority<\/p>\n","protected":false},"author":29,"featured_media":37883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[2264,14810,14809,14811],"class_list":["post-40768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-dubai","tag-dubai-land-department-dld","tag-token-2049","tag-virtual-assets-regulatory-authority-vara"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dubai Regulator Warns of Fake Claims in Real Estate Tokenization Project - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/dubai-regulator-warns-of-fake-claims-in-real-estate-tokenization-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dubai Regulator Warns of Fake Claims in Real Estate Tokenization Project - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Dubai\u2019s virtual asset authority has issued a stern warning against companies that are falsely presenting themselves as part of the emirate\u2019s real estate tokenization initiative, urging both investors and the public to stay cautious. 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