One of the UAE’s largest listed developers, Rak Properties, has begun accepting cryptocurrency payments for the home.
Buyers can now resolve transactions using Bitcoin, Ethereum and Tether. The initiative will be delivered through a partnership with HubPay, a regulated fintech company. This will instantly convert your digital assets to UAE Dirhams and then transfer them to your developer account.
The partnership is aimed at global investors
According to company executives, the move is aimed at attracting international buyers who use digital assets comfortably.
Rak Properties is currently developing the Mina al Arab Waterfront community, with over 800 units expected to be delivered by the end of the year.
Rahul Jogani, the company’s chief financial officer, said the approach is consistent with the company’s efforts to appeal to clients who are “digital and investment-savvy.”
One of the UAE’s master developers, Rak Properties, is now available for international buyers to purchase at Ras Al Kahimah using cryptocurrency.
Rak Properties attacked a partnership with ADGM controlled fintech Hubpay, allowing international clients to use their use to purchase property. pic.twitter.com/wxmfd7jhju– Bazaar Times (@bazaartimes) September 1, 2025
Authorized in Abu Dhabi’s global market, Hubpay provides the infrastructure to help crypto payments be processed securely and avoid the risk that Rak properties will hold unstable tokens in their books.
Market Watchers describe this setup as a way to expand the options for foreign buyers without exposing the company to additional risks.
Image; RAK Properties
Increasing profits
The company’s finances seem to support its growth plans. Reports revealed that RAK Properties recorded a net profit of AED 160 million in the first half of 2025, an increase of about 80% from the same period last year.
Its capital is almost 4.7 billion, or about $1.3 billion. Executives attribute the company’s growth to both Ras Al Khaimah’s robust demand and attempts to increase investor access.
BTCUSD trading at $111,216 on the 24-hour chart: TradingView
Bitcoin adoption
Crypto-up in UAE real estate is not new. Developers like Damac and Emaar have already introduced Bitcoin payment options, while Dubai’s land authorities have worked with payment companies to handle crypto-related real estate transactions.
With the decision of Rak Properties, Ras al Khaimah will be added to the list of Emirates.
The entry into the Bitcoin transaction of Rak Properties is framed as part of Ras Al Khaimah’s Vision 2030 goal. By expanding the pool of investors with access to property purchases, authorities want to attract more international buyers into the Emirates housing market.
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