Rak Properties, one of the biggest listed developers of the UAE, began to accept cryptocurrency payments for housing.
Buyers can now use Bitcoin, Ethereum, and Tether to solve the transaction. This initiative is made through a partnership with the regulatory FINTECH company, Hubpay, which transmits digital assets to the developer’s account before converting it to UAE DIRHAM.
Partnerships are for global investors
According to the company’s management, this action aims to attract comfortable international buyers using digital assets.
RAK PROPERTIES is currently developing the MINA ALAB Waterfront community and is expected to provide more than 800 units by the end of the year.
Rahul Jogani, the chief financial officer of the company, said that this approach consists of the company’s efforts to appeal to customers who are “digital and authentic”.
Rak Properties, one of the master developers of the UAE, can now be purchased by overseas buyers from Ras Al Kahimah using cryptocurrency.
RAK PROPERTIES has partnership with Hubpay, a ADGM regulation, so that international customers can use real estate to purchase real estate. pic.twitter.com/wxmfd7jhju-Baza time (@bazaartimes) September 1, 2025
Hubpay, which is licensed by Abu Dhabi Global Market, provides infrastructure to avoid the risk of having a risk of encryption payment and Rak Properties to have volatile tokens in the book.
Market watchers explained the setting as a way to expand the options for foreign buyers without exposing the company to further risks.
Image; RAK Properties
Profit in rise
The company’s finance seems to support the growth plan. According to the report, RAK Properties recorded net profit of 160 million AEDs in the first half of 2025, up 80% from the same period last year.
Capitalization has reached almost $ 4.7 billion, or about $ 1.3 billion. Executives are attributed to the company’s growth of RAS Al Khaimah’s strong demand and an increase in investor access.
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Bitcoin adoption
Adopting encryption of UAE real estate is not new. Developers like DAMAC and EMAAR have already introduced Bitcoin payment options, while land authorities in Dubai have worked with payment companies to deal with cryptocurrency asset transactions.
The decision of Rak Properties adds Ras Al Khaimah to an Emirates list that starts practicing.
As part of the Vision 2030 goal of Ras Al Khaimah, the entry of Rak Properties’ bitcoin transactions is a frame. If you expand the investor pool that can access real estate purchases, the public officials hope to attract more overseas buyers to the Emirate Aviation Housing Market.
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