One of many UAE’s largest listed builders, Rak Properties, has begun accepting cryptocurrency funds for the house.
Patrons can now resolve transactions utilizing Bitcoin, Ethereum and Tether. The initiative might be delivered by way of a partnership with HubPay, a regulated fintech firm. It will immediately convert your digital belongings to UAE Dirhams after which switch them to your developer account.
The partnership is geared toward world buyers
In keeping with firm executives, the transfer is geared toward attracting worldwide consumers who use digital belongings comfortably.
Rak Properties is at the moment creating the Mina al Arab Waterfront neighborhood, with over 800 items anticipated to be delivered by the top of the 12 months.
Rahul Jogani, the corporate’s chief monetary officer, stated the strategy is according to the corporate’s efforts to enchantment to shoppers who’re “digital and investment-savvy.”
One of many UAE’s grasp builders, Rak Properties, is now obtainable for worldwide consumers to buy at Ras Al Kahimah utilizing cryptocurrency.
Rak Properties attacked a partnership with ADGM managed fintech Hubpay, permitting worldwide shoppers to make use of their use to buy property. pic.twitter.com/wxmfd7jhju– Bazaar Occasions (@bazaartimes) September 1, 2025
Licensed in Abu Dhabi’s world market, Hubpay gives the infrastructure to assist crypto funds be processed securely and keep away from the chance that Rak properties will maintain unstable tokens of their books.
Market Watchers describe this setup as a technique to increase the choices for overseas consumers with out exposing the corporate to further dangers.
Picture; RAK Properties
Growing income
The corporate’s funds appear to assist its progress plans. Studies revealed that RAK Properties recorded a internet revenue of AED 160 million within the first half of 2025, a rise of about 80% from the identical interval final 12 months.
Its capital is sort of 4.7 billion, or about $1.3 billion. Executives attribute the corporate’s progress to each Ras Al Khaimah’s sturdy demand and makes an attempt to extend investor entry.
BTCUSD buying and selling at $111,216 on the 24-hour chart: TradingView
Bitcoin adoption
Crypto-up in UAE actual property shouldn’t be new. Builders like Damac and Emaar have already launched Bitcoin fee choices, whereas Dubai’s land authorities have labored with fee firms to deal with crypto-related actual property transactions.
With the choice of Rak Properties, Ras al Khaimah might be added to the record of Emirates.
The entry into the Bitcoin transaction of Rak Properties is framed as a part of Ras Al Khaimah’s Imaginative and prescient 2030 purpose. By increasing the pool of buyers with entry to property purchases, authorities need to appeal to extra worldwide consumers into the Emirates housing market.
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