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 aimed toward attracting worldwide patrons who’re comfy utilizing digital property.
RAK Properties is presently growing the Mina Al Arab waterfront group, with greater than 800 items anticipated to be delivered by the top of the 12 months.
Rahul Jogani, the agency’s chief monetary officer, mentioned the method aligns with the corporate’s effort to enchantment to “digitally and funding savvy” shoppers.
One of the 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 shoppers to buy property utilizing… pic.twitter.com/WxMFD7JhJu— Bazaar Times (@bazaartimes) September 1, 2025
Hubpay, licensed below Abu Dhabi Global Market, gives the infrastructure to make sure crypto funds are processed securely and that RAK Properties avoids the danger of holding risky tokens on its books.
Market watchers have described the setup as a solution to increase choices for overseas patrons with out exposing the corporate to added threat.
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 internet revenue of AED 160 million through 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 strong 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 will not be new. Developers like DAMAC and Emaar have already launched Bitcoin fee choices, whereas Dubai’s land authority has labored with fee companies to course of crypto-linked property offers.
RAK Properties’ choice provides Ras Al Khaimah to the listing of emirates opening as much as the observe.
RAK Properties’ entry into bitcoin transactions is being framed as a part of Ras Al Khaimah’s Vision 2030 targets. By widening the pool of traders who can entry property purchases, officers hope to attract extra abroad patrons into the emirate’s housing market.
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