RAK Properties, one of many UAE’s largest listed builders, has begun accepting cryptocurrency funds for its properties.
Patrons can now settle transactions utilizing Bitcoin, Ethereum, and Tether. The initiative comes by means of 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 International Buyers
Based on firm executives, the transfer is geared toward attracting worldwide patrons who’re comfy utilizing digital property.
RAK Properties is at the moment growing the Mina Al Arab waterfront neighborhood, with greater than 800 models anticipated to be delivered by the top of the yr.
Rahul Jogani, the agency’s chief monetary officer, stated the strategy 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 Occasions (@bazaartimes) September 1, 2025
Hubpay, licensed underneath Abu Dhabi International Market, gives the infrastructure to make sure crypto funds 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 option to broaden choices for overseas patrons with out exposing the corporate to added danger.
Picture; RAK Properties
Earnings On The Rise
The financials of the corporate appear to again its development plans. Studies 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 yr.
Its capitalization stands at almost 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 just isn’t new. Builders 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’ determination 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 Imaginative and prescient 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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