RAK Properties Makes History with Cryptocurrency Payments for Real Estate
In a landmark move for the UAE’s real estate sector, RAK Properties, one of Ras Al Khaimah’s leading property developers, has partnered with Hubpay, an ADGM-regulated fintech, to enable property purchases through digital currencies. This new initiative allows global investors to purchase properties in RAK Properties’ flagship Mina beachfront community using popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
The collaboration with Hubpay is a significant step in transforming the real estate investment process by offering a seamless and secure way to complete high-value transactions. Through Hubpay’s regulated platform, cryptocurrencies are instantly converted into UAE dirhams, ensuring a smooth and compliant settlement directly with RAK Properties. Notably, RAK Properties will not handle any cryptocurrency directly, keeping the process fully secure and in line with local regulations.
Enhancing Real Estate Accessibility and Aligning with Ras Al Khaimah’s Vision 2030
This partnership between RAK Properties and Hubpay aligns closely with Ras Al Khaimah’s Vision 2030, which focuses on economic diversification, innovation, and attracting international investments. By adopting cryptocurrency as a valid payment method for property purchases, RAK Properties positions itself as a forward-thinking developer, catering to the growing number of digitally savvy investors worldwide.
With over 800 units at the Mina beachfront community scheduled for delivery later this year, the integration of cryptocurrency payments expands accessibility to a new wave of global investors. This strategic move not only enhances the appeal of the Mina development but also solidifies RAK Properties’ standing as a pioneer in combining real estate with cutting-edge fintech solutions.
The Future of Real Estate Investment in Ras Al Khaimah
The partnership between RAK Properties and Hubpay marks a key moment in the evolution of real estate transactions in the UAE. As cryptocurrencies continue to gain mainstream acceptance, this move to integrate digital assets into the property buying process offers investors a more flexible, secure, and efficient way to purchase high-value properties. Moreover, the collaboration reflects the UAE’s commitment to staying at the forefront of global financial innovation.
With Ras Al Khaimah’s attractive business environment and RAK Properties’ reputation for excellence, the Mina beachfront community is set to become a top destination for international property investors—now made even more accessible with cryptocurrency payment options.
