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RAK Properties to Accept Bitcoin, Ether and USDT for International Property Sales

Hubpay converts crypto payments into dirhams under UAE oversight for direct settlement to the developer.

UAE
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Rak properties lets buyers use crypto for uae beachfront homes
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Overview

  • The ADGM-regulated fintech Hubpay will process transactions, convert digital assets into UAE dirhams, and settle funds directly into RAK Properties’ accounts through VARA-linked partners.
  • The offering targets digitally native and overseas buyers as part of Ras Al Khaimah’s Vision 2030 diversification strategy.
  • CFO Rahul Jogani framed the move as an innovation push to engage a new ecosystem of investment-savvy clients.
  • Hubpay CEO Kevin Kilty said the partnership advances crypto integration in regional real estate with strong regulatory controls and security.
  • The launch coincides with ongoing deliveries at Mina Al Arab this year and follows strong 2024 results, including a 281 million dirham net profit and plans for 12 new projects in 2025.