The Abu Dhabi Real Estate Centre (ADREC) announced today the signing of a strategic Memorandum of Understanding (MoU) with the Technology Innovation Institute, VentureOne, Finstreet Limited, ADI DLT Foundation, and Advanced Real Estate Services.
This landmark agreement establishes a comprehensive framework uniting six key entities to advance the integration of blockchain technology within Abu Dhabi’s real estate sector. The collaboration aims to enhance transparency, efficiency, and security across real estate transactions and services.
Under the MoU, each participating organisation will maintain its operational independence while contributing specialised resources, expertise, and technologies toward achieving shared objectives through coordinated project initiatives. This collaborative approach aligns with Abu Dhabi’s strategic vision of identifying key opportunities and enablers to unlock sustainable and forward-looking economic growth 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.”
The MoU sets out a collaborative framework to explore blockchain applications in transforming the real estate landscape. Through pilot projects focused on property registration, title validation, transaction management, shared ownership models, and digital asset integration, the partnership seeks to improve operational efficiency, reduce turnaround times, and streamline processes — all while adhering to relevant regulatory and international standards.
By integrating blockchain with existing property databases and digital identity systems, the initiative will enhance data accuracy, speed up transaction workflows, and provide greater transparency in ownership records — ultimately fostering trust, reliability, and confidence across Abu Dhabi’s real estate market.
(Inputs from WAM)
