RAK Properties Embraces Crypto Payments: A Bold Step for UAE Real Estate
Introduction: Innovation Meets Real Estate
RAK Properties, one of Ras Al Khaimah’s most established developers, has become the latest UAE real estate company to accept payments in digital assets. Through a new partnership with Hubpay, an ADGM-regulated fintech firm, the developer now allows buyers to pay for properties with leading cryptocurrencies such as Bitcoin, Ethereum, and USDT. This move not only underscores RAK Properties’ forward-thinking approach but also reflects the growing adoption of digital currencies across the UAE property market.
Seamless Integration with Hubpay
Under this arrangement, clients’ crypto payments are instantly converted into UAE dirhams (AED) and deposited directly into RAK Properties’ account via Hubpay’s regulated platform. This ensures that transactions remain fully compliant, secure, and shielded from the volatility of the crypto market. Buyers can enjoy the convenience of using digital assets while developers like RAK Properties mitigate exposure to fluctuating token values.
Flagship Project: Mina Beachfront Community
The crypto initiative is being spotlighted through RAK Properties’ flagship project, the Mina beachfront community, a luxurious development with more than 800 units scheduled for delivery before the end of 2025. Designed to attract both local and international investors, Mina combines prime location, modern design, and strong returns. With cryptocurrency payments now accepted, this project is poised to reach a new class of digitally savvy investors worldwide.
Statements from Leadership
Rahul Jogani, Chief Financial Officer of RAK Properties, emphasized the significance of this step: “Our new partnership with Hubpay is another step forward in our strategy of innovation and accessibility. By enabling and supporting the use of digital assets, we are engaging with a new ecosystem of investors while strengthening RAK Properties’ status as a forward-thinking and trusted master developer.”
Hubpay CEO Kevin Kilty added: “This partnership is about enabling RAK Properties to attract a new class of global buyers. Our regulated solution ensures high-value transactions are handled securely and seamlessly, providing trust and confidence to international clients.”
Crypto in UAE Real Estate: A Growing Trend
RAK Properties is joining a growing list of developers that have embraced cryptocurrency in Dubai and the wider UAE. Prominent names like DAMAC Properties, Ellington, Nakheel, Omniyat, and Arada already accept digital asset payments via regulated partners. This shift has positioned the UAE as a leader in proptech innovation and investor-friendly solutions.
Most developers do not hold crypto directly. Instead, they rely on regulated intermediaries like Hubpay, Hayvn, Binance Pay, and Crypto.com Pay to convert assets into AED. This allows them to remain compliant with local regulations while still offering clients flexible payment options.
Impact on Investor Landscape
Fractional ownership and crypto tokenisation have already made headlines in Dubai, where platforms like Prypco Mint have successfully sold tokenized villas in minutes. By opening the door to cryptocurrency payments, RAK Properties is tapping into a global base of investors who prefer the speed, transparency, and innovation that digital assets bring. This move aligns with Ras Al Khaimah’s broader vision to position itself as a rising hub for tourism, trade, and real estate.
Benefits for International Buyers
The ability to purchase real estate with Bitcoin or Ethereum is particularly appealing to international buyers seeking streamlined cross-border transactions. For investors from regions where transferring large sums through banks is complex, crypto offers an efficient alternative. This convenience, combined with Ras Al Khaimah’s stunning beachfront developments, makes RAK Properties’ offer especially attractive.
Strengthening the UAE’s Global Position
Dubai and Ras Al Khaimah continue to strengthen their global positioning as prime real estate destinations. With iconic communities such as Palm Jumeirah, Downtown Dubai, and Dubai Marina already drawing high-net-worth individuals, the inclusion of crypto payments further solidifies the UAE as a forward-looking market. It also complements broader government initiatives encouraging blockchain adoption and fintech innovation.
Conclusion: The Future of Real Estate Payments
By integrating cryptocurrency into its payment system, RAK Properties demonstrates its commitment to innovation, inclusivity, and global investor appeal. As Mina prepares to deliver over 800 units, the new payment option is expected to attract a wider pool of buyers, particularly those eager to use digital assets for real estate investment. With developers like RAK Properties leading the charge, Ras Al Khaimah is poised to strengthen its position in the UAE’s real estate boom, while Dubai continues to dominate as the region’s global investment hub.
For more details on prime property investments, visit the Aurantius Real Estate homepage and explore projects from top developers shaping the future of UAE real estate.
