UAE Real Estate Giant MAG Partners with MANTRA to Tokenize $500 Million in Real Estate Assets
We’re thrilled to announce a strategic partnership with MAG, a prominent UAE developer boasting a real estate portfolio valued at over US$5 billion. This collaboration aims to transform real estate investment by leveraging the power of blockchain technology and democratizing access to premium Dubai properties.
Transforming Real Estate Investment through Tokenization
This strategic alliance represents a significant step forward for both institutions. MANTRA’s institutional-grade blockchain infrastructure will provide a secure and transparent platform for tokenization. MAG will contribute its extensive portfolio and expertise in the UAE’s real estate landscape.
Our efforts will initially focus on Keturah Reserve, a luxury residential development in Dubai’s Meydan district. Investors will gain access to this alternate asset class through a secure vault product, offering an attractive yield stream backed by blockchain technology.
Talal Moafaq Al Gaddah, CEO of MAG Lifestyle Development, commented, “Working with MANTRA allows us to leverage cutting-edge blockchain technology to enhance the value and accessibility of our real estate offerings. This strategic collaboration is pivotal and forward-facing as we continue to innovate and lead in luxury real estate development.”
This innovative collaboration opens new avenues for financing real estate projects while offering investors the advantages of digital tokenization through MANTRA’s secure Layer 1 blockchain.
Structured Opportunities for Secure, Transparent Yield
The total value of real estate projects slated for tokenization is structured in multiple tranches, reaching a cumulative value of US$500 million. This collaboration unlocks unique investment opportunities in the thriving Middle Eastern market for tokenized real estate, further positioning MANTRA and MAG as key players within the region.
John Patrick Mullin, CEO and Co-Founder of MANTRA stated, “Partnering with MAG represents a major milestone in our mission to bridge blockchain with tangible assets, with a special focus on the Middle East. This venture will set new standards in real estate tokenization, offering global investors access to premium real estate assets in the UAE.”
Investors participating in the vault product will benefit from a compelling reward structure. They can expect to receive a combined yield, with an estimated 8% APY generated from stablecoins, further augmented by MANTRA’s native token, $OM.
For enhanced investor protection, the initial vault will be over-collateralized by a US$75 million mega mansion located within the Keturah Resort’s “The Ritz-Carlton Residences, Dubai, Creekside” development. Additionally, the project will benefit from MAG’s robust corporate creditworthiness, offering investors a comprehensive layer of security in a robust environment.
By combining MANTRA’s secure RWA-focused blockchain with MAG’s established presence in the UAE’s real estate market, we aim to unlock the full potential of RWA compliance within the Middle Eastern region and beyond.
This paves the way for a more efficient and inclusive financial future, fostering greater accessibility to both traditional and innovative investment opportunities.
About MAG Global
MAG is a leading global property developer based in the UAE, renowned for its innovative and luxury real estate projects. It is one of the largest names in the region’s real estate industry that focuses on developing and delivering exceptional projects created with the aim of enhancing lifestyles and providing long-term benefits to both investors and customers.
About MANTRA
MANTRA is an Institutional-grade Layer 1 Blockchain for RWAs bringing World Finance Onchain. As a permissionless chain capable of adherence and enforcement of real world regulatory requirements, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.
MANTRA — From Institutions to Individuals: Bringing Finance Onchain.
