PANews reported on June 9 that according to Cointelegraph, Dubai's real estate market soared in May, with sales and transaction volume hitting new highs, against the backdrop of accelerated real estate tokenization, indicating that investors' confidence is growing and they are potentially ready for real estate tokenization. According to data from the real estate platform Property Finder, Dubai's real estate industry completed 18,700 transactions in May, with total sales of 66.8 billion dirhams (about 18.2 billion US dollars), a year-on-year increase of 44% in transaction volume and 6% in sales.