In a major leap toward the future of real estate investing, UAE-based developer MAG has announced a landmark $3 billion partnership with MultiBank Group and blockchain innovator Mavryk to bring luxury properties to the blockchain. The deal marks the world’s largest real-world asset (RWA) tokenization initiative — and it all starts in Dubai.
What’s Happening?
MAG’s high-profile developments — including The Ritz-Carlton Residences, Dubai, Creekside at the Keturah Resort, and Keturah Reserve — will be digitally tokenized and made available to global investors through MultiBank.io’s regulated platform. These properties won’t just exist on paper or in listings — they’ll exist on-chain.
That means real estate buyers, crypto investors, and institutions will soon be able to invest in slices of luxury Dubai real estate — securely, compliantly, and with daily returns distributed via blockchain.
The Role of the $MBG Token
This tokenization effort is powered by $MBG, MultiBank Group’s utility token. It will be used for platform access, transaction fees, staking, and more — essentially acting as the engine for this new digital real estate ecosystem.
Why It Matters for Real Estate Investors
Tokenization opens the door for broader participation in prime real estate markets. High-value assets that were once out of reach for many can now be accessed in smaller, more affordable units — without compromising regulatory oversight.
Daily yield distributions, lower entry points, and a seamless investment experience could redefine how investors approach real estate portfolios in the years ahead.
Key Players & Responsibilities
- MAG brings in the luxury inventory.
- Mavryk provides the blockchain infrastructure and DeFi tools.
- MultiBank Group ensures regulatory compliance, governance, and liquidity across the platform.
A Word from the Leaders
Talal Moafaq Al Gaddah, Senior Executive Vice Chairman at MAG, said:
“We’ve always pushed the boundaries of real estate. With this partnership, we’re opening the door to a new era of access and liquidity through blockchain.”
Zak Taher, CEO of MultiBank.io, added:
“This isn’t just about selling real estate. It’s about making regulated, digital property investing a reality for everyone.”
What’s Next?
This $3 billion tokenization is only the beginning. The infrastructure is built to support up to $10 billion in tokenized real estate, paving the way for more high-profile developments to join the blockchain in the near future.
For developers, brokers, and investors alike, this marks a pivotal shift — one where traditional real estate meets Web3, and the possibilities are just beginning.
