Bitcoin Payments Now Accepted By Top UAE Developer For Real Estate

RAK Properties, one of many UAE’s largest listed builders, has begun accepting cryptocurrency funds for its properties.

Buyers can now settle transactions utilizing Bitcoin, Ethereum, and Tether. The initiative comes by means of a partnership with Hubpay, a regulated fintech firm, which immediately converts digital belongings into UAE dirhams earlier than transferring them to the developer’s account.

Partnership Targets Global Investors

According to firm executives, the transfer is aimed toward attracting worldwide patrons who’re comfy utilizing digital belongings.

RAK Properties is presently growing the Mina Al Arab waterfront neighborhood, with greater than 800 items anticipated to be delivered by the top of the 12 months.

Rahul Jogani, the agency’s chief monetary officer, mentioned the strategy aligns with the corporate’s effort to attraction to “digitally and funding savvy” purchasers.

Hubpay, licensed underneath Abu Dhabi Global Market, supplies the infrastructure to make sure crypto payments are processed securely and that RAK Properties avoids the danger of holding risky tokens on its books.

Market watchers have described the setup as a approach to increase choices for international patrons with out exposing the corporate to added danger.

Profits On The Rise

The financials of the corporate appear to again its progress plans. Reports have revealed that RAK Properties recorded a internet revenue of AED 160 million throughout the first half of 2025, up by round 80% from the identical interval within the earlier 12 months.

Its capitalization stands at almost AED 4.7 billion, or about $1.3 billion. Executives attribute the corporate’s progress to each sturdy demand in Ras Al Khaimah and its makes an attempt to extend investor entry.

Bitcoin Adoption

Crypto adoption in UAE actual property isn’t new. Developers like DAMAC and Emaar have already launched Bitcoin cost choices, whereas Dubai’s land authority has labored with cost corporations to course of crypto-linked property offers.

RAK Properties’ determination provides Ras Al Khaimah to the checklist of emirates opening as much as the observe.

RAK Properties’ entry into bitcoin transactions is being framed as a part of Ras Al Khaimah’s Vision 2030 objectives. By widening the pool of buyers who can entry property purchases, officers hope to attract extra abroad patrons into the emirate’s housing market.

Featured picture from Meta, chart from TradingView

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