Property Tokenization in UAE Real Estate Market
MAG, a top real estate developer in the UAE with a portfolio exceeding $5 billion, has teamed up with Mantra to tokenize a $500 million real estate portfolio. This innovative partnership aims to transform real estate investment by leveraging blockchain technology, starting with the Keturah Reserve luxury residential development in Meydan, Dubai.
Real Estate Financing Opportunities with Blockchain
Through the real estate financing vault on Mantra’s Layer 1 blockchain, investors can access a tempting yield from an alternative asset class supported by blockchain security. This new source of capital provides developers with funding outside traditional channels, potentially lowering their cost of capital over time.
Potential Returns and Benefits for Investors
Investors in the vault can expect an approximate 8% APY yield from stablecoins, with additional returns from $OM tokens. The partnership between MAG and Mantra aims to tokenize significant real estate assets, starting with properties of known market value to ensure investor protection and sustainability in the tokenized real estate market.
