MAG and MANTRA Tokenize $500M in UAE Real Estate

MAG Partners with MANTRA to Tokenize $500 Million in Assets, Marking a UAE Milestone for Real Estate

MAG, a prominent UAE-based real estate developer, has forged a groundbreaking partnership with MANTRA, a blockchain platform for tokenized real world assets (RWAs). This collaboration aims to tokenize MAG’s real estate portfolio valued at over $5 billion, starting with an initial tranche of $500 million.

MANTRA’s Layer 1 blockchain will host a dedicated real estate financing vault, offering investors stable yield opportunities through blockchain-backed security. The initiative begins with MAG’s prestigious Keturah projects—Keturah Reserve in Meydan and Keturah Resort in Dubai Creekside—pioneering innovative investment avenues in the Middle East.

Investors in the vault will benefit from an expected 8% APY yield in stablecoins and $OM tokens, bolstered by the over-collateralization of a $75 million luxury mansion at ‘The Ritz-Carlton Residences, Dubai, Creekside’. This structure ensures robust investor protection backed by MAG’s corporate credit.

Talal Moafaq Al Gaddah, CEO of MAG Lifestyle Development, emphasized, “Our collaboration with MANTRA harnesses cutting-edge blockchain technology to enhance the value and accessibility of our real estate offerings, marking a significant leap in luxury real estate development.”

John Patrick Mullin, CEO and Founder of MANTRA, added, “Partnering with MAG signifies a milestone in our mission to integrate blockchain with tangible assets, setting new benchmarks in real estate tokenization and expanding global investor access to premium UAE real estate.”

This strategic alliance between MAG and MANTRA underscores their leadership in advancing blockchain innovation within the real estate sector, heralding a transformative era in asset tokenization.