DDX Global, a real estate tokenization firm, is set to launch an innovative project in Dubai called ‘Desert Pearl’. This unique development will not only feature luxurious hotels and apartments but also offer investment opportunities through real estate tokens.
The ‘Desert Pearl’ project will encompass two hotels, a commercial cluster, a retail precinct, a boulevard, and a private marina. The boutique hotel will boast 88 rooms and will house various attractions such as an arena, an Arabic astronomy museum, a planetarium, and a Concord’s Gallery.
Additionally, the project will include residential buildings, with the first one named ‘Qamar Residences’. These residences will feature the Pearl Collection, offering homes spanning 400 square meters; the Oasis Collection, with homes at 650 square meters; and the Sky Penthouse, an impressive 5,000 square meters in size.
DDX Global aims to leverage blockchain technology to tokenize these assets, providing investors with increased value and liquidity. By digitizing real estate assets, the company seeks to enhance international investment in Dubai’s property sector and create a blueprint for responsible real estate tokenization.
“As a tokenization consultancy, our goal is to bridge the luxury property sector in Dubai with the growth in fintech enterprises driven by Web3 innovation,” stated the Chief Operating Officer of DDX Global. “By offering the opportunity for long-term value and strengthened liquidity, we aim to enhance investment in Dubai’s property market.”
Further details about the ‘Desert Pearl’ project and the real estate tokenization process will be announced in due course. This project signifies an exciting development in Dubai’s real estate sector, combining luxury properties with the benefits of blockchain technology.
