Analysis: Dubai's real estate sales reached US$18.2 billion in May, and the tokenization process accelerates market development "
According to online reports, according to Property Finder data, Dubai's real estate market completed a total of 18,700 transactions in May, with total sales reaching 66.8 billion dirhams (approximately US$18.2 billion), an increase of 44% over the same period last year. Among them, sales in the primary market surged 314% year-on-year, and the secondary market increased by 21%. Industry analysis pointed out that this growth is closely related to Dubai's continued promotion of real estate tokenization process. Scott Thiel, CEO of Tokinvest, said that Dubai's active real estate market provides an ideal environment for innovative technologies such as tokenization. Data shows that tokenization technology is reshaping the local real estate investment landscape by improving asset liquidity.
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