Major UAE Real Estate Developer RAK Properties to Accept Crypto Payments

RAK Properties, one of Ras Al Khaimah’s top real estate developers, has teamed up with UAE fintech firm Hubpay to enable property purchases using digital ￰1￱ Takeaways: RAK Properties will now accept crypto payments for real estate through a partnership with fintech firm ￰2￱ move targets younger, digital-first investors and supports Ras Al Khaimah’s Vision 2030 ￰3￱ crypto transactions will be fully regulated, converted into dirhams, and settled directly into RAK Properties’ ￰4￱ new partnership allows international buyers to pay for properties with cryptocurrencies such as Bitcoin, Ethereum, and Tether, according to a report by local news outlet Gulf ￰5￱ crypto payments would be instantly converted into dirhams through Hubpay’s platform and settled directly into RAK Properties’ ￰6￱ Properties Targets Global, Crypto-Savvy Buyers in Real Estate Push The move comes as part of a wider strategy to position Ras Al Khaimah as a global real estate ￰7￱ also reflects RAK Properties’ push to attract younger, digitally native investors.

Hubpay, regulated by Abu Dhabi Global Market (ADGM), facilitates compliant transactions by handling the crypto side through its Virtual Assets Regulatory Authority (VARA)-licensed ￰8￱ to RAK Properties CFO Rahul Jogani, the initiative underscores the developer’s commitment to innovation and marks a new chapter in its 20-year journey. “By enabling the use of digital assets, we are engaging a new ecosystem of investment-savvy, digital-first clients,” he said, adding that the firm is focused on expanding accessibility to global ￰9￱ agreement aligns with Ras Al Khaimah’s Vision 2030, which outlines plans for economic diversification, infrastructure growth, and greater foreign ￰10￱ crypto payments for real estate is a bold step in that direction, opening the door for affluent digital asset holders to participate in the emirate’s evolving property market.

UAE: Now, investors can buy property in RAK through cryptocurrency ￰0￱ ￰11￱ — Khaleej Times (@khaleejtimes) September 1, 2025 Hubpay CEO Kevin Kilty described the partnership as a “turning point” for crypto integration in the region’s real estate ￰12￱ emphasized that transactions will maintain high levels of regulatory oversight and ￰13￱ timing coincides with the ongoing expansion of Mina Al Arab, a key waterfront development in Ras Al ￰14￱ than 800 units are set for delivery by year’s end, and the addition of crypto payment options is expected to broaden its global investor ￰15￱ Continues to Attract Crypto Firms The move comes as the UAE continues to position itself as a regional hub for blockchain innovation and crypto finance, with regulatory clarity attracting major global ￰16￱ reported, a state-backed investment firm in Abu Dhabi is set to make a $2 billion investment into crypto exchange Binance using USD1, a stablecoin developed by World Liberty Financial — a crypto venture closely tied to the Trump ￰17￱ claim the UAE is poised to become a key destination for crypto and stablecoin ventures seeking refuge from the European Union’s (EU) newly implemented Markets in Crypto-Assets (MiCA) ￰18￱ regulatory framework, which took full effect on December 30, is creating significant challenges for crypto firms within the 27-member bloc, prompting many to consider relocating, according to industry ￰19￱ its stringent requirements, small stablecoin issuers must hold 30% of their reserves in low-risk EU-based commercial banks, while major players like Tether face a mandate to maintain 60% or more in similar institutions.