In a pioneering move for the Ras Al Khaimah real estate sector, RAK Properties has announced a partnership with Hubpay to facilitate property purchases using cryptocurrency. This new payment option enhances accessibility for international buyers looking to invest in the rapidly evolving real estate landscape of Ras Al Khaimah, marking a significant milestone in the region’s adaptation to digital finance solutions.
RAK Properties has unveiled a strategic partnership with Hubpay, the UAE’s ADGM-regulated fintech platform, to allow international clients to buy property using digital assets.
The move positions RAK Properties at the forefront of innovation in Ras Al Khaimah’s fast-growing real estate market.
Crypto Real Estate in Ras Al Khaimah
Through Hubpay’s regulated solution, investors can pay for properties with leading digital assets such as USDT, BTC, and ETH. This initiative makes it easier for those looking to invest in Ras Al Khaimah real estate to leverage their digital portfolios for tangible assets.
Payments are instantly converted into UAE dirhams and settled directly into RAK Properties’ account, ensuring compliance, transparency, and speed for all transactions. This seamless process reflects RAK Properties’ commitment to utilizing cutting-edge technology to enhance the investor experience.
Rahul Jogani, Chief Financial Officer at RAK Properties, remarked: “Our new partnership with Hubpay is another step forward in our strategy of innovation and accessibility as we continue to make investment in Mina, and Ras Al Khaimah, easier and more attractive to a growing international clientele.”
“By enabling and supporting the use of digital assets, we are engaging with a new ecosystem of digitally and investment-savvy customers while at the same time strengthening RAK Properties’ status as a forward-thinking brand and a trusted master developer.”
The partnership is expected to expand the investment appeal of the company’s flagship Mina waterfront community, which boasts more than 800 units scheduled for delivery before year-end. This adaptability in payment options underscores RAK Properties’ aim to tap into a new class of digitally-savvy global investors, aligning with Ras Al Khaimah’s Vision 2030 strategy to attract international capital.
Kevin Kilty, CEO of Hubpay, said: “This partnership is about enabling a leading real estate developer, RAK Properties, to attract a new class of global buyers looking to purchase property with digital assets.”
“Our regulated solution provides the trust and infrastructure for high-value transactions, ensuring the process is secure, compliant, and seamless for global clients. We’re proud to be the payment engine that powers these prestigious transactions for a forward-thinking brand like RAK Properties.”
As part of the arrangement, RAK Properties will not directly handle any digital assets. All transactions will be processed through Hubpay and its VARA-licensed partners, ensuring full compliance with UAE regulations. This strict adherence to regulatory standards is essential for maintaining trust in Ras Al Khaimah’s evolving real estate market.
The collaboration comes as RAK Properties marks its 20th anniversary, further accelerating construction across Mina and cementing its position as a trusted developer and innovative leader in one of the UAE’s most dynamic real estate markets. By embracing cryptocurrency, RAK Properties is not only enhancing its competitive edge but also paving the way for a new era in Ras Al Khaimah real estate.