RAK Properties, one of many UAE’s largest listed builders, has begun accepting cryptocurrency funds for its properties.
Consumers can now settle transactions utilizing Bitcoin, Ethereum, and Tether. The initiative comes by way of a partnership with Hubpay, a regulated fintech firm, which immediately converts digital belongings into UAE dirhams earlier than transferring them to the developer’s account.
Partnership Targets World Buyers
In keeping with firm executives, the transfer is geared toward attracting worldwide patrons who’re snug utilizing digital belongings.
RAK Properties is at present creating the Mina Al Arab waterfront group, with greater than 800 models anticipated to be delivered by the tip of the yr.
Rahul Jogani, the agency’s chief monetary officer, stated the method aligns with the corporate’s effort to attraction to “digitally and funding savvy” purchasers.
One of many UAE’s master-developers, RAK Properties, now permits abroad patrons to make purchases in Ras Al Kahimah utilizing cryptocurrencies.
RAK Properties has struck a partnership with Hubpay, the ADGM-regulated fintech,to allow worldwide purchasers to buy property utilizing… pic.twitter.com/WxMFD7JhJu— Bazaar Instances (@bazaartimes) September 1, 2025
Hubpay, licensed below Abu Dhabi World Market, offers the infrastructure to make sure crypto payments are processed securely and that RAK Properties avoids the danger of holding unstable tokens on its books.
Market watchers have described the setup as a solution to develop choices for overseas patrons with out exposing the corporate to added danger.
Picture; RAK Properties
Income On The Rise
The financials of the corporate appear to again its progress plans. Studies have revealed that RAK Properties recorded a web revenue of AED 160 million through the first half of 2025, up by round 80% from the identical interval within the earlier yr.
Its capitalization stands at practically AED 4.7 billion, or about $1.3 billion. Executives attribute the corporate’s progress to each sturdy demand in Ras Al Khaimah and its makes an attempt to extend investor entry.
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Bitcoin Adoption
Crypto adoption in UAE actual property just isn’t new. Builders like DAMAC and Emaar have already launched Bitcoin fee choices, whereas Dubai’s land authority has labored with fee corporations to course of crypto-linked property offers.
RAK Properties’ resolution provides Ras Al Khaimah to the checklist of emirates opening as much as the follow.
RAK Properties’ entry into bitcoin transactions is being framed as a part of Ras Al Khaimah’s Imaginative and prescient 2030 objectives. By widening the pool of buyers who can entry property purchases, officers hope to attract extra abroad patrons into the emirate’s housing market.
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