Abu Dhabi real estate: ADREC signs blockchain deal with tech innovators
The Abu Dhabi Real Estate Centre (ADREC) has entered into a landmark Memorandum of Understanding (MoU) with five leading technology organisations to accelerate the adoption of blockchain within the emirate’s real estate sector.
The agreement unites Technology Innovation Institute, VentureOne, Finstreet Limited, ADI DLT Foundation, and Advanced Real Estate Services under a shared initiative aimed at improving transparency, efficiency, and security across property transactions and related services.
Each participating entity will maintain its independent operations while contributing specialised expertise, technical capabilities, and resources to collaborative projects that drive the industry’s digital evolution.
Strengthening Abu Dhabi’s Innovation and Economic Vision
This strategic collaboration supports Abu Dhabi’s broader economic agenda, which focuses on identifying transformative technologies that can create sustainable value and long-term economic growth across key industries.
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.
“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.”
Blockchain Use Cases in the Real Estate Sector
The newly signed MoU sets a framework to explore blockchain-enabled applications in several critical areas, including:
- Property registration
- Title validation
- Transaction management
- Shared ownership models
- Digital asset integration
Through a series of pilot programmes, the collaboration aims to simplify processes, shorten turnaround times, and boost operational efficiency, all while ensuring compliance with regulatory frameworks and international standards.
Pioneering Real Estate Digitalisation
The project aims to integrate blockchain with current property databases and digital identity systems to enhance data accuracy, streamline transaction processes, and ensure greater transparency in ownership documentation.
Ultimately, this digital transformation will enhance investor confidence, strengthen market integrity, and reinforce Abu Dhabi’s position as a regional leader in real estate innovation and blockchain adoption.
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