UAE Real Estate Giant RAK Properties Now Accepts Crypto Payments — Major Adoption Milestone

Dubai's property market just went crypto-native.

RAK Properties, one of the UAE's largest real estate developers, now accepts cryptocurrency payments—opening luxury apartments and waterfront villas to digital asset holders.

From Sand to Silicon

The move signals Middle Eastern institutional maturity—where oil money meets blockchain liquidity. Buyers can now purchase properties using major cryptocurrencies, bypassing traditional banking delays.

Market Implications

This isn't just another 'crypto accepted here' sticker. It's a $2.8 billion developer embracing asset-agnostic transactions—because why should property be harder to buy than a NFT?

Traditional finance might call it risky—but when did property ever not be? At least crypto volatility makes mortgage rates look predictable.

RAK Properties Targets Global, Crypto-Savvy Buyers in Real Estate Push

The MOVE comes as part of a wider strategy to position Ras Al Khaimah as a global real estate destination. It also reflects RAK Properties’ push to attract younger, digitally native investors.

Hubpay, regulated by Abu Dhabi Global Market (ADGM), facilitates compliant transactions by handling the crypto side through its VIRTUAL Assets Regulatory Authority (VARA)-licensed partners.

According to RAK Properties CFO Rahul Jogani, the initiative underscores the developer’s commitment to innovation and marks a new chapter in its 20-year journey.

“By enabling the use of digital assets, we are engaging a new ecosystem of investment-savvy, digital-first clients,” he said, adding that the firm is focused on expanding accessibility to global buyers.

The agreement aligns with Ras Al Khaimah’s Vision 2030, which outlines plans for economic diversification, infrastructure growth, and greater foreign investment.

Accepting crypto payments for real estate is a bold step in that direction, opening the door for affluent digital asset holders to participate in the emirate’s evolving property market.

UAE: Now, investors can buy property in RAK through cryptocurrencyhttps://t.co/X6wcWSeve4 pic.twitter.com/kjTVqc6lkP

Hubpay CEO Kevin Kilty described the partnership as a “turning point” for crypto integration in the region’s real estate sector.

He emphasized that transactions will maintain high levels of regulatory oversight and security.

The timing coincides with the ongoing expansion of MINA Al Arab, a key waterfront development in Ras Al Khaimah.

More than 800 units are set for delivery by year’s end, and the addition of crypto payment options is expected to broaden its global investor base.

UAE Continues to Attract Crypto Firms

The move comes as the UAE continues to position itself as a regional hub for blockchain innovation and crypto finance, with regulatory clarity attracting major global players.

As reported, a state-backed investment firm in Abu Dhabi is set to make a $2 billion investment into crypto exchange Binance using USD1, a stablecoin developed by World Liberty Financial — a crypto venture closely tied to the Trump family.

Experts claim the UAE is poised to become a key destination for crypto and stablecoin ventures seeking refuge from the European Union’s (EU) newly implemented Markets in Crypto-Assets (MiCA) regulation.

The regulatory framework, which took full effect on December 30, is creating significant challenges for crypto firms within the 27-member bloc, prompting many to consider relocating, according to industry experts.

Among its stringent requirements, small stablecoin issuers must hold 30% of their reserves in low-risk EU-based commercial banks, while major players like Tether face a mandate to maintain 60% or more in similar institutions.