DAMAC-backed Prypco has signed an MoU with Georgia’s Ministry of Justice to advance regulated real estate tokenization, marking a key step toward digitized property ownership and legal clarity.
WEBDESK – Imran Malik – January 15, 2026
DAMAC-backed real estate technology platform Prypco has signed a memorandum of understanding (MoU) with the Ministry of Justice of Georgia to advance the development of real estate tokenization, marking a major step toward regulated digital property rights.
The MoU was signed in the presence of Georgian Prime Minister Irakli Kobakhidze, Minister of Justice Paata Salia, and Amira Sajwani, Managing Director of DAMAC and Founder of Prypco, underscoring strong government and private-sector backing for innovation in the property and digital assets ecosystem.
The collaboration aims to establish clear regulatory standards, secure legal frameworks, and trusted mechanisms for digitizing real estate ownership and rights. The initiative will focus on transparency, investor protection, and compliance as property transactions increasingly adopt blockchain-based systems.
The agreement represents another milestone for DAMAC’s expanding footprint in property technology, reinforcing its commitment to responsible innovation and global partnerships in digital real estate infrastructure.
Founded in Dubai, DAMAC is one of the Middle East’s leading luxury real estate developers, with a global portfolio spanning residential, commercial, hospitality and data centre assets. The group has consistently embraced innovation, aligning property development with emerging technologies and new investment models.
Amira Sajwani, a prominent figure in the UAE’s real estate and entrepreneurship landscape, has been at the forefront of this push. As Managing Director of DAMAC and founder of Prypco, she has championed technology-led solutions designed to modernize property transactions and broaden access to real estate investment.
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