RAK Properties, one of many UAE’s largest listed builders, has begun accepting cryptocurrency funds for its houses.
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 property into UAE dirhams earlier than transferring them to the developer’s account.
Partnership Targets World Traders
Based on firm executives, the transfer is aimed toward attracting worldwide consumers who’re snug utilizing digital property.
RAK Properties is at present 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 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 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 Instances (@bazaartimes) September 1, 2025
Hubpay, licensed underneath Abu Dhabi World Market, gives 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 option to increase choices for international consumers with out exposing the corporate to added danger.
Picture; RAK Properties
Income On The Rise
The financials of the corporate appear to again its development plans. Reviews have revealed that RAK Properties recorded a web revenue of AED 160 million throughout 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 shouldn’t be new. Builders like DAMAC and Emaar have already launched Bitcoin cost choices, whereas Dubai’s land authority has labored with cost corporations to course of crypto-linked property offers.
RAK Properties’ determination provides Ras Al Khaimah to the record of emirates opening as much as the apply.
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 traders who can entry property purchases, officers hope to attract extra abroad consumers into the emirate’s housing market.
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