RAK Properties has made a significant leap in the Ras Al Khaimah real estate market by partnering with Hubpay, a fintech platform operating under the regulatory framework of the Abu Dhabi Global Market. This collaboration now allows international investors to purchase properties using cryptocurrency, making property acquisition in Ras Al Khaimah easier and more accessible.
Innovating Payments in Ras Al Khaimah Real Estate
With the integration of Hubpay’s regulated payment solutions, clients can now make property purchases using popular digital currencies, including USDT, BTC, and ETH. This initiative positions RAK Properties as a leader in the evolving landscape of Ras Al Khaimah real estate.
Transactions are promptly converted into UAE dirhams and deposited into RAK Properties’ account, ensuring a streamlined process that prioritizes compliance and transparency. 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.”
Engaging a New Class of Investors
This partnership is anticipated to enhance the appeal of RAK Properties’ flagship Mina waterfront community, which boasts over 800 units set for completion by the end of the year. By diversifying payment methods, RAK Properties is tapping into a new generation of tech-savvy investors, further aligning with Ras Al Khaimah’s Vision 2030 initiative aimed at attracting international capital.
Kevin Kilty, CEO of Hubpay, shared insights on the partnership, stating, “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.”
Commitment to Compliance and Security
Under the terms of the collaboration, RAK Properties will not handle digital assets directly. Instead, all transactions will be managed through Hubpay and its VARA-licensed partners, ensuring adherence to UAE regulations. This careful approach reinforces RAK Properties’ commitment to maintaining high standards of security and compliance in the burgeoning realm of Ras Al Khaimah real estate.
As RAK Properties celebrates its 20th anniversary, this partnership marks not just a technological advancement but also a reaffirmation of its standing as a credible and innovative force in one of the UAE’s most vibrant real estate markets. With construction at Mina accelerating, RAK Properties is steadfast in its mission to offer attractive investment opportunities that resonate with today’s global clientele.