September 1, 2025 – RAK Properties, one of the leading real estate developers in Ras Al Khaimah, announced today a new strategic partnership with Hubpay, a financial platform regulated by the Abu Dhabi Global Market (ADGM). This collaboration allows international investors to purchase properties using cryptocurrencies such as USDT, BTC, and ETH, reflecting the emirate’s drive toward innovation and strengthening its position as a modern financial hub.
How does it work?
Hubpay instantly converts cryptocurrency payments into UAE dirhams and transfers them directly to RAK Properties’ account, ensuring transparency, speed, and full regulatory compliance. In this way, RAK Properties does not directly handle digital assets, as the process is conducted through its VARA-licensed partners, enhancing the credibility of the legal framework.
Why is this step important?
- Expanding the investor base: By adopting cryptocurrency as a payment option, RAK Properties is reaching a new segment of digitally minded investors, boosting the appeal of its projects such as “Mina,” a beachfront development with over 800 units scheduled for handover before the end of the year.
- Supporting Ras Al Khaimah Vision 2030: This initiative is aligned with the emirate’s bold vision to attract foreign capital and strengthen economic diversification.
- Pioneering real estate innovation: The partnership paves the way for building connections with a new audience of crypto investors, while reinforcing the company’s position as a modern and trusted developer.
- Robust technological infrastructure: Hubpay provides the reliable backbone needed to process alternative payments securely and in compliance with regulations.
The UAE context
RAK Properties’ move is not the first of its kind in the UAE; government bodies and major corporations have previously embraced this approach. Several leading companies across different sectors have already entered the world of cryptocurrency payments through partnerships with specialized financial service providers.
By adopting cryptocurrency payments for real estate, RAK Properties is creating a significant turning point in Ras Al Khaimah’s property market. This initiative broadens payment options and facilitates access for digital investors, demonstrates the company’s commitment to innovation and enhancing the emirate’s competitiveness, and represents an extension of the UAE’s broader drive to harness digital technology as a core engine of economic growth.
