RAK Properties, one of many UAE’s largest listed builders, has begun accepting cryptocurrency funds for its houses.
Patrons 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 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 aimed toward attracting worldwide consumers who’re snug utilizing digital belongings.
RAK Properties is presently creating the Mina Al Arab waterfront group, with greater than 800 models anticipated to be delivered by the tip of the yr.
Rahul Jogani, the agency’s chief monetary officer, stated the strategy aligns with the corporate’s effort to enchantment to “digitally and funding savvy” shoppers.
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 shoppers to buy property utilizing… pic.twitter.com/WxMFD7JhJu— Bazaar Instances (@bazaartimes) September 1, 2025
Hubpay, licensed below Abu Dhabi World Market, offers the infrastructure to make sure crypto funds 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 technique to increase choices for overseas consumers with out exposing the corporate to added threat.
Picture; RAK Properties
Income On The Rise
The financials of the corporate appear to again its progress plans. Experiences have revealed that RAK Properties recorded a internet revenue of AED 160 million throughout 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 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 shouldn’t be new. Builders like DAMAC and Emaar have already launched Bitcoin cost choices, whereas Dubai’s land authority has labored with cost companies to course of crypto-linked property offers.
RAK Properties’ choice provides Ras Al Khaimah to the record 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 traders who can entry property purchases, officers hope to attract extra abroad consumers into the emirate’s housing market.
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