%RAKProperties, one of Ras Al Khaimah’s leading real estate developers, has announced its decision to accept %Cryptocurrency payments for property purchases. This partnership with UAE-based fintech firm %Hubpay allows buyers to use major digital assets like %Bitcoin (CRYPTO: $BTC), %Ethereum (CRYPTO: $ETH), (CRYPTO: $USDT), and more, targeting international investors seeking seamless, borderless transactions.
The initiative comes at a time when the UAE is positioning itself as a global hub for blockchain and digital innovation. RAK Properties, known for its luxury developments in the emirate, including waterfront residences and commercial spaces, aims to attract tech-savvy buyers from around the world. Importantly, the developer won’t handle cryptocurrencies directly; all transactions will be processed through Hubpay and its secure partners, ensuring compliance with local regulations and minimizing risks. This setup converts crypto payments into fiat currency, providing a bridge between traditional real estate and the volatile world of digital assets.
For overseas investors, this means easier access to RAK’s booming property scene, where prices have been rising steadily amid economic growth and tourism influx. Ras Al Khaimah’s strategic location, just an hour from Dubai, offers affordable luxury compared to its glitzier neighbors, making it an appealing choice for crypto holders looking to diversify their portfolios into tangible assets.
Industry experts view this as a sign of broader adoption. “Accepting crypto lowers barriers for global buyers and signals confidence in blockchain’s future,” notes a fintech analyst. With other UAE developers like DAMAC already on board, RAK Properties’ step could spark a wave of similar announcements, further integrating crypto into everyday finance.
As the crypto market matures, such integrations could stabilize property sales amid economic uncertainties. For RAK Properties, it’s not just about payments—it’s about future-proofing the industry.
