The Abu Dhabi Real Estate Centre (ADREC) which was established in November 2023 by the Abu Dhabi’s Department of Municipalities and Transport, for the promotion, regulation, and transaction management of real estate including strategy formulation has signed an MOU with four entities to enhance transparency, efficiency, and security across real estate transactions and services using Blockchain technology.
The collaboration will utilize blockchain technology with existing property databases and digital identity systems, to improve data accuracy, accelerate transaction workflows, and offer greater visibility into ownership records, ultimately fostering trust and confidence across the market.
The four entities include VentureOne, a dynamic venture builder of Abu Dhabi’s Advanced Technology Research Council. They are dedicated to turning applied research from the Technology Innovation Institute (TII) into game-changing commercial products and solutions that address industry challenges worldwide.
Also included is Finstreet Limited, a global financial markets infrastructure business, designed to revolutionize the way capital is allocated, wealth is created, and investments are managed across global markets. Finstreet offers access to greater liquidity, quality deal flow, and institutional capital, all within one end-to-end platform.
The third party is ADI DLT Foundation, The ADI Foundation, an Abu Dhabi-based nonprofit organization dedicated to building the infrastructure nations trust and citizens deserve, recently launched its public testnet of the ADI Chain to be used for the AED Stablecoin project, and other projects as well.
Finally the fourth party is Advanced Real Estate Services, a PropTech venture developer that utilizes the latest technology to provide highly efficient real estate solutions.
As per the press release, the agreement between the parties above aims to integrate blockchain technology into Abu Dhabi’s real estate sector. The parties will collaborate to identify key opportunities and strategic enablers to unlock forward-looking economic impact in the real estate sector.
Eng. Rashed Al Omaira, Acting Director-General of ADREC, said, “This strategic partnership marks a pivotal step in our journey to position Abu Dhabi as a global frontrunner in real estate innovation. By harnessing blockchain technology, we are establishing a foundation for property transactions that are transparent, efficient and reliable, delivering value to investors, residents and the broader real estate ecosystem.”
He added, “This collaboration reflects our commitment to adopting cutting-edge technologies that elevate service standards and reinforces market trust. Our long-term vision encompasses optimising asset management, enabling cross-border transactions, and enhancing data interoperability across government services. These initiatives are key to strengthening the sector’s fundamentals and accelerating Abu Dhabi’s leadership in real estate digitalisation.”
In the future, pilot initiatives in areas such as property registration, title validation, transaction management, shared ownership models, and digital asset integration will take place. The pilot projects will enhance operational efficiency, reduce turnaround times, and simplify processes, all while aligning with relevant regulatory and international standards.
Abu Dhabi real estate recorded AED54 billion in total transactions in the first half of 2025, a dual record with AED25 billion in residential unit sales, which is a 38% increase from the previous year.
