RAK Properties, one of Ras Al Khaimah’s leading publicly listed real estate developers, has entered a strategic partnership with Hubpay, a fintech regulated by the Abu Dhabi Global Market (ADGM), to enable international buyers to purchase properties using cryptocurrency. This move reflects the UAE’s growing adoption of regulated digital asset solutions and highlights the expanding ecosystem for crypto payments across various sectors.
Through this collaboration, clients can now acquire properties in RAK Properties’ Mina Al Arab development using major digital assets, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). Hubpay instantly converts cryptocurrency payments into UAE dirhams and settles them directly into RAK Properties’ accounts, ensuring secure, compliant, and seamless transactions.
The initiative targets a new generation of digitally savvy international investors seeking opportunities in Ras Al Khaimah’s thriving real estate market. By offering regulated cryptocurrency payment options, RAK Properties reinforces its reputation as an innovative and forward-thinking developer in the UAE property sector.
This approach also aligns with Ras Al Khaimah’s Vision 2030 strategy, which emphasises economic diversification and the attraction of international investment. RAK Properties, celebrating its 20th anniversary, expects to complete over 800 residential units in Mina Al Arab by the end of 2025, demonstrating the growing appeal of this waterfront community to both domestic and global investors.
By adopting cryptocurrency payments, RAK Properties takes a significant step towards digitising the real estate sector and sets a precedent for other developers in the MENA region to integrate digital payment solutions into their business models.
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🏢 RAK Properties Official Announcement
RAK Properties, the leading publicly listed real estate developer in Ras Al Khaimah, announced its partnership with Hubpay to enable cryptocurrency payments for property transactions. The collaboration allows clients to pay for properties using major digital assets like USDT, BTC, and ETH. Hubpay’s regulated platform ensures payments are instantly and seamlessly converted to UAE dirhams and settled directly into RAK Properties’ account.
🔗 RAK Properties Official Announcement
🏦 Hubpay’s Role and Regulation
Hubpay is a UAE-based fintech company regulated by the Abu Dhabi Global Market (ADGM). It provides a secure and compliant infrastructure for processing cryptocurrency payments, converting them into UAE dirhams, and settling them directly into RAK Properties’ account.
🏛️ Abu Dhabi Global Market (ADGM)
The ADGM is an international financial centre located in Abu Dhabi, UAE, providing a platform for businesses to operate under a robust regulatory framework. Hubpay’s regulation by ADGM ensures compliance with UAE laws and regulations concerning financial services and digital assets.
🔗 Abu Dhabi Global Market (ADGM) Official Website
🌐 UAE Government Portal
The UAE Government Portal provides comprehensive information on the country’s policies, regulations, and initiatives, including those related to digital assets and financial services.