MAG and MANTRA Collaborate to Revolutionize Real Estate Investment with Blockchain

MAG Partners with MANTRA to Tokenize $500 Million in Real Estate Assets Using Blockchain Technology

MAG, a prominent UAE real estate developer, has announced a partnership with MANTRA, a leading blockchain platform for tokenized real-world assets. This collaboration aims to revolutionize real estate investment by tokenizing $500 million of MAG’s real estate portfolio, starting with the Keturah Reserve in Meydan, Dubai, and Keturah Resort at Dubai Creekside.

The partnership will introduce a real estate financing vault on MANTRA’s compliance-ready Layer 1 blockchain, providing investors with attractive yields backed by blockchain security. The initial vault, over-collateralized by a $75 million mansion at The Ritz-Carlton Residences in Dubai, offers an expected return of 8% APY in stablecoins and $OM tokens.

MAG’s CEO, Talal Moafaq Al Gaddah, highlighted the strategic importance of leveraging blockchain technology to enhance their real estate offerings, while MANTRA’s CEO, John Patrick Mullin, emphasized setting new standards in real estate tokenization, particularly in the Middle East.