RAK Properties, one of many UAE’s largest listed builders, has begun accepting cryptocurrency funds for its houses.
Buyers can now settle transactions utilizing Bitcoin, Ethereum, and Tether. The initiative comes by a partnership with Hubpay, a regulated fintech firm, which immediately converts digital property into UAE dirhams earlier than transferring them to the developer’s account.
Partnership Targets Global Investors
According to firm executives, the transfer is geared toward attracting worldwide consumers who’re snug utilizing digital property.
RAK Properties is at present growing the Mina Al Arab waterfront neighborhood, with greater than 800 items anticipated to be delivered by the top of the 12 months.
Rahul Jogani, the agency’s chief monetary officer, stated the method aligns with the corporate’s effort to attraction to “digitally and investment savvy” purchasers.
One of the UAE’s master-developers, RAK Properties, now permits abroad consumers 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 Times (@bazaartimes) September 1, 2025
Hubpay, licensed below Abu Dhabi Global Market, offers the infrastructure to make sure crypto payments are processed securely and that RAK Properties avoids the chance of holding risky tokens on its books.
Market watchers have described the setup as a technique to broaden choices for international consumers with out exposing the corporate to added danger.
Image; RAK Properties
Profits On The Rise
The financials of the corporate appear to again its development plans. Reports have revealed that RAK Properties recorded a web revenue of AED 160 million in the course of the first half of 2025, up by round 80% from the identical interval within the earlier 12 months.
Its capitalization stands at practically AED 4.7 billion, or about $1.3 billion. Executives attribute the corporate’s development 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 isn’t new. Developers 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’ choice provides Ras Al Khaimah to the listing 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 Vision 2030 objectives. By widening the pool of traders who can entry property purchases, officers hope to attract extra abroad consumers into the emirate’s housing market.
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