Bitcoin Payments Now Accepted By Top UAE Developer For Real Estate

RAK Properties one of the UAE’s largest listed developers has begun accepting cryptocurrency payments for its ￰0￱ can now settle transactions using Bitcoin Ethereum

and ￰1￱ initiative comes through a partnership with Hubpay a regulated fintech company which instantly converts digital assets into UAE dirhams before transferring them to the developer’s ￰2￱ Targets Global Investors According to company executives the move is aimed at attracting international buyers who are comfortable using digital ￰3￱ Properties is currently developing the Mina Al Arab waterfront community

with more than 800 units expected to be delivered by the end of the ￰4￱ Jogani the firm’s chief financial officer said the approach aligns with the company’s effort to appeal to “digitally and investment savvy” ￰5￱ of the UAE’s master-developers RAK Properties

now allows overseas buyers to make purchases in Ras Al Kahimah using ￰6￱ Properties has struck a partnership with Hubpay the ADGM-regulated fintech,to enable international clients to purchase property using… ￰7￱ — Bazaar Times (@bazaartimes) September 1 2025 Hubpay licensed under Abu Dhabi Global Market

provides the infrastructure to ensure crypto payments are processed securely and that RAK Properties avoids the risk of holding volatile tokens on its ￰8￱ watchers have described the setup as a way to expand options for foreign buyers without exposing the company to added ￰9￱ On The Rise The financials of the company seem to back its growth ￰10￱ have revealed that RAK Properties recorded a net profit of AED 160 million during the first half of 2025 up by around 80% from the same period in the previous ￰11￱ capitalization stands at nearly AED 4.7 billion or about $1.3 ￰12￱ attribute the company’s growth to both robust demand in Ras Al Khaimah and its attempts to increase investor ￰13￱ Adoption Crypto adoption in UAE real estate is not ￰14￱ like DAMAC and Emaar have already introduced Bitcoin payment options

while Dubai’s land authority has worked with payment firms to process crypto-linked property ￰15￱ Properties’ decision adds Ras Al Khaimah to the list of emirates opening up to the ￰16￱ Properties’ entry into bitcoin transactions is being framed as part of Ras Al Khaimah’s Vision 2030 ￰17￱ widening the pool of investors who can access property purchases officials hope to draw more overseas buyers into the emirate’s housing ￰18￱ image from Meta chart from TradingView