MAG Signs $3 Billion Deal to Tokenise UAE Real Estate in Global Blockchain First

UAE-based real estate developer MAG has signed a landmark $3 billion agreement with MultiBank Group and blockchain firm Mavryk to tokenise premium property assets, in what is being described as the world’s largest real-world asset (RWA) tokenisation project to date.

The strategic partnership will see upscale developments such as The Ritz-Carlton Residences, Dubai, Creekside, and Keturah Reserve digitised and offered on MultiBank.io’s regulated RWA marketplace. The initiative aims to broaden access to UAE real estate by offering global investors the ability to invest in these high-value properties using blockchain technology.

“This isn’t just a real estate deal — it’s a flagship use case for the $MBG token,” said Zak Taher, founder and CEO of MultiBank.io. “By enabling seamless access to $3 billion in tokenised property, MultiBank becomes the bridge between regulated finance and next-generation investment infrastructure.”

The initiative comes ahead of the official launch of $MBG, the utility token within MultiBank Group’s Web3 ecosystem. Once operational, token holders will be able to earn daily yields from the tokenised real estate assets, while also using the token for staking, fee payments, and other platform engagements.

Under the agreement, MAG will supply the real estate inventory, while Mavryk will provide the blockchain infrastructure and DeFi (decentralised finance) integrations. MultiBank Group will oversee compliance, manage liquidity in the secondary market, and handle governance of the platform.

“Partnering with MultiBank Group marks a milestone in broadening access to high-value developments and unlocking liquidity via blockchain,” said Talal Moafaq Al Gaddah, Senior Executive Vice Chairman of MAG. “This is achieved while preserving high standards of transparency and stakeholder protection.”

Mavryk CEO Alex Davis called the collaboration “a paradigm shift in how real-world assets are accessed and traded,” noting that it would transform landmark developments into “borderless, liquid investment opportunities.”

The platform will include a buyback-and-burn model tied to revenue and staking incentives to promote long-term participation. The $MBG token will also provide users with discounted fees, VIP access, and other benefits across the ecosystem.

The initial $3 billion in tokenised assets is just the beginning, with the platform designed to scale up to $10 billion, aiming to offer institutional-grade real estate investment opportunities in a fully compliant digital environment.

While MAG is using The Ritz-Carlton brand under license, the residences involved are not owned, developed, or sold by The Ritz-Carlton Hotel Company or its affiliates.