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 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 World Traders
In accordance with firm executives, the transfer is geared toward attracting worldwide consumers who’re snug utilizing digital property.
RAK Properties is at the moment creating the Mina Al Arab waterfront neighborhood, with greater than 800 items 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 attraction 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 beneath Abu Dhabi World Market, offers 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 strategy to develop choices for international consumers with out exposing the corporate to added danger.
Picture; RAK Properties
Earnings On The Rise
The financials of the corporate appear to again its progress plans. Studies 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 yr.
Its capitalization stands at almost AED 4.7 billion, or about $1.3 billion. Executives attribute the corporate’s progress to each sturdy 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 is just not new. Builders like DAMAC and Emaar have already launched Bitcoin fee choices, whereas Dubai’s land authority has labored with fee corporations to course of crypto-linked property offers.
RAK Properties’ determination provides Ras Al Khaimah to the listing 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 targets. 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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