UAE’s RAK Properties Embraces Cryptocurrency for Real Estate Transactions

KEY FACTS: RAK Properties, a leading real estate developer in Ras Al Khaimah, UAE, has announced it will accept major cryptocurrencies like Bitcoin, Ether, and Tether’s USDt for international property transactions, partnering with Hubpay, a regulated fintech platform, to facilitate secure conversions into UAE dirhams. This move, aligned with the UAE’s Vision 2030 and its crypto-friendly regulatory framework, targets global investors and focuses on the Mina Al Arab waterfront community, with over 800 residential units set for delivery by the end of 2025. The initiative reflects the UAE’s growing adoption of digital assets in real estate, following Dubai’s lead, and is supported by RAK Properties’ strong financial performance, including a 39% net profit increase in 2024 and an 80% profit surge in the first half of 2025. ___  Sources: RAK Properties ___ # UAE’s RAK Properties Embraces Cryptocurrency for Real Estate Transactions RAK Properties, one of the largest publicly traded real estate developers in the Ras Al Khaimah emirate, United Arab Emirates, has announced it will now accept cryptocurrency payments for international property transactions. The initiative, revealed on Monday, September 1, 2025, allows buyers to purchase properties using major digital assets such as Bitcoin (BTC), Ether (ETH), and Tether’s USDt (USDT), among others. This development marks a significant milestone in integrating blockchain technology into the UAE’s booming real estate sector. > Hubpay will support RAK Properties in attracting a new class of international investors looking to purchase property in its Mina beachfront community using digital assets... [Source](https://www.rakproperties.ae/news/rak-properties-enables-cryptocurrency-payments-through-innovative-new-partnership-with-hubpay/) RAK Properties, with a market capitalization of 4.7 billion dirhams ($1.3 billion), has partnered with Hubpay, a UAE-based fintech platform regulated by the Abu Dhabi Global Market (ADGM) and operating through Virtual Assets Regulatory Authority (VARA)-licensed partners, to facilitate these cryptocurrency transactions. Hubpay’s platform ensures seamless and secure conversions of digital assets into UAE dirhams, the country’s local fiat currency, before funds are deposited into RAK Properties’ accounts. This process mitigates the volatility risks associated with cryptocurrencies while ensuring compliance with the UAE’s robust regulatory framework. This partnership is RAK Properties' commitment to innovation, aiming to make investment in Ras Al Khaimah’s real estate market more accessible to a global clientele. The collaboration with Hubpay positions RAK Properties at the forefront of a transformative shift in the real estate industry, targeting international investors who hold significant digital asset portfolios. The initiative is particularly focused on RAK Properties’ flagship Mina Al Arab waterfront community, a high-end development featuring premium partnerships with global brands like Anantara and Nikki Beach. With over 800 residential units scheduled for delivery by the end of 2025, the project is poised to attract affluent crypto investors seeking luxury properties in one of the UAE’s most dynamic markets. RAK Properties’ decision to accept cryptocurrencies is part of a broader trend in the UAE, where digital assets are increasingly integrated into various sectors, including real estate. The UAE has emerged as a global hotspot for cryptocurrency, driven by clear regulatory frameworks, a tax-free environment for crypto profits, and a forward-thinking approach to blockchain technology. According to a report by Chainalysis, UAE crypto activity has surged across all transaction sizes, with small retail transactions increasing by over 75% year-over-year as of June 2024. Other emirates have also embraced digital assets in real estate. Dubai, a pioneer in this space, has seen major developers like Damac Properties and Emaar, the builder of the iconic Burj Khalifa, accept Bitcoin, Ether, and stablecoins for property sales. In July 2025, the Dubai Land Department partnered with Crypto.com to support digital real estate transactions, further validating the UAE’s commitment to blockchain integration. Ras Al Khaimah’s entry into this arena strengthens the UAE’s position as a leader in crypto-driven real estate innovation. The UAE’s progressive stance is also evident in its regulatory environment. The Virtual Asset Regulatory Authority (VARA) and the Dubai Financial Services Authority have established comprehensive frameworks for digital assets, including provisions for real-world asset (RWA) tokenization. These regulations ensure that cryptocurrency transactions, such as those facilitated by RAK Properties and Hubpay, adhere to strict anti-money laundering (AML) and know-your-customer (KYC) requirements, providing security and transparency for all parties involved. RAK Properties’ move aligns with Ras Al Khaimah’s Vision 2030, which emphasizes economic diversification, infrastructure growth, and attracting foreign investment. Accepting cryptocurrencies enables the developer to remove traditional banking barriers, aiding faster and more efficient transactions for international buyers. This is particularly significant for Ras Al Khaimah, the UAE’s fourth-largest emirate by area, with a population of approximately 400,000. The emirate’s real estate market is experiencing robust growth, and RAK Properties is capitalizing on this momentum with 12 new projects planned for 2025. The company’s financial performance further underscores its strong position. In 2024, RAK Properties reported a 39% year-over-year increase in net profit, rising to 281 million dirhams from 202 million dirhams in 2023. For the first half of 2025, the developer recorded revenues of 774.79 million dirhams and an 80% surge in net profit to 160.6 million dirhams, compared to 89.06 million dirhams in the same period the previous year. This financial strength, combined with its innovative approach to payment systems, positions RAK Properties as a leader in the UAE’s competitive real estate landscape. Industry experts see RAK Properties’ adoption of cryptocurrency as a strategic move to attract a younger, digital-first investor base. The initiative also aligns with the UAE’s ambition to become a global hub for blockchain and Web3 businesses, with forecasts suggesting that the crypto sector could become the country’s second-largest industry within five years. The UAE’s embrace of digital assets extends beyond real estate. Emirates Airline and Dubai Duty Free recently partnered with Crypto.com to introduce crypto payments, reflecting the growing acceptance of digital currencies in everyday transactions. The country’s regulatory clarity and lack of taxes on crypto profits have made it a sought-after destination for Web3 businesses and investors. Abu Dhabi’s state-backed investment firm is reportedly planning a $2 billion investment into Binance, further highlighting the UAE’s commitment to fostering a crypto-friendly ecosystem. Moreover, the UAE’s regulatory framework provides a balanced approach that encourages innovation while maintaining financial integrity. The Abu Dhabi Global Market and Dubai’s Virtual Asset Regulatory Authority have set clear guidelines for cryptocurrency operations, ensuring consumer protections and compliance with international standards. This regulatory environment has positioned the UAE as a refuge for crypto firms facing stricter regulations elsewhere, such as the European Union’s Markets in Crypto-Assets (MiCA) framework, which has prompted some companies to consider relocating to the UAE. RAK Properties’ adoption of cryptocurrency payments is a bold step toward redefining real estate transactions in the UAE. RAK Properties is leveraging blockchain technology and partnering with regulated fintech platforms like Hubpay to cater to a new generation of investors and also contribute to the UAE’s vision of becoming a global leader in digital innovation. Experts predict that the integration of cryptocurrencies and blockchain technology will democratize access to property investment, reduce transaction costs, and enhance liquidity in the market. With Dubai’s real estate market already posting record-breaking sales of $18.2 billion in May 2025, and Ras Al Khaimah emerging as a key player, the UAE is well on its way to reshaping the global real estate landscape through digital assets. --- --- Information Sources: - [RAK Properties](https://www.rakproperties.ae/news/rak-properties-enables-cryptocurrency-payments-through-innovative-new-partnership-with-hubpay/) - [Cointelegraph](https://cointelegraph.com/news/coinbase-okx-crypto-australia-retirement-system) - [Tradingview](https://www.tradingview.com/news/cointelegraph:c3cc949b0094b:0-uae-s-rak-properties-to-accept-bitcoin-other-cryptos-for-real-estate-deals/) - [Coinpush](https://coinpush.app/rak-properties-accepts-bitcoin-cryptos-real-estate/) ---  ___ _If you found the article interesting or helpful, please hit the upvote button and share for visibility to other hive friends to see. More importantly, drop a comment below. Thank you!_ ## This post was created via INLEO. 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