By Ritu Kant Ojha, CEO, Dubai based Proact Luxury Real Estate Blockchain technology is steadily transforming the real estate industry, offering new ways to enhance transparency, security, and efficiency in property transactions. As this technology continues to evolve, it’s not just changing the way deals are made—it’s fundamentally redefining how property ownership is understood and managed, opening up new possibilities for investors and industry professionals alike. Blockchain technology is making a quiet but noticeable impact on the real estate sector, addressing some of the industry’s most persistent challenges and opening doors to new possibilities.
The adoption of blockchain isn’t just about applying a new technology—it’s about fundamentally changing how transactions are conducted and how ownership is managed in the real estate market. In 2017, the Dubai Land Department (DLD) set a precedent by becoming the world’s first government entity to implement blockchain technology on a large scale. This initiative involved creating a comprehensive blockchain database for all properties in Dubai, accessible to investors, government entities, and private sector partners.
By leveraging blockchain, DLD has made it easier for investors, whether local or international, to verify property data with a high degree of accuracy. This transparency boosts trust in the market and provides a clearer picture of property transactions, making it easier for all parties involved to .