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RAK Properties Opens Crypto Payments for International Buyers Through Hubpay

Hubpay will instantly convert Bitcoin, Ether and Tether into dirhams through regulated channels to deposit funds into the developer’s bank accounts.

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Overview

  • The new option covers Bitcoin, Ether and Tether for international property purchases.
  • Payments will be converted to UAE dirhams and settled directly into RAK Properties’ accounts via Hubpay, which operates under ADGM oversight and uses VARA-licensed partners.
  • The initiative targets digitally native, global investors and aligns with Ras Al Khaimah’s Vision 2030 strategy.
  • The timing coincides with progress at the Mina Al Arab waterfront development, with more than 800 units slated for delivery by year-end.
  • Hubpay’s CEO called the partnership a turning point for regional real estate crypto adoption, and RAK Properties signals further growth with about a dozen new projects planned in 2025.