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 via 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 Traders
In line 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 items anticipated to be delivered by the tip 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 funding savvy” shoppers.
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 shoppers to buy property utilizing… pic.twitter.com/WxMFD7JhJu— Bazaar Occasions (@bazaartimes) September 1, 2025
Hubpay, licensed below Abu Dhabi World Market, gives the infrastructure to make sure crypto payments are processed securely and that RAK Properties avoids the chance of holding unstable tokens on its books.
Market watchers have described the setup as a technique to develop choices for overseas patrons with out exposing the corporate to added threat.
Picture; RAK Properties
Earnings On The Rise
The financials of the corporate appear to again its progress plans. Stories have revealed that RAK Properties recorded a internet 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 almost AED 4.7 billion, or about $1.3 billion. Executives attribute the corporate’s progress to each strong demand in Ras Al Khaimah and its makes an attempt to extend investor entry.
BTCUSD buying and selling at $111,216 on the 24-hour chart: TradingView
Bitcoin Adoption
Crypto adoption in UAE actual property just isn’t 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’ 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.
Featured picture from Meta, chart from TradingView
Editorial Course of for bitcoinist is centered on delivering totally researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent evaluate by our crew of high expertise consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.
