PANews reported on April 8 that according to Cointelegraph, on April 6, the Dubai Land Department (DLD) announced an agreement with the Virtual Asset Regulatory Authority (VARA). According to the announcement, the agreement will connect Dubai's real estate registration system with real estate tokenization through a governance system. This agreement aims to improve digital infrastructure and attract global investment by improving market liquidity and property management efficiency. At the same time, the agreement is also intended to support Dubai's broader economic strategy, which includes the goal of doubling the city's GDP in the next decade. This new progress follows DLD's recent project pilot, which aims to convert real estate assets into blockchain-based digital tokens.