RAK Properties to Accept Bitcoin and Crypto for Real Estate in UAE

UAE real estate giant RAK Properties just flipped the script—they're now accepting Bitcoin and cryptocurrency payments for property purchases.

Breaking Traditional Barriers

The move catapults the company into the vanguard of Middle Eastern real estate innovation, letting crypto holders bypass conventional banking hurdles to snap up prime UAE real estate. No more waiting for wire transfers or dealing with international payment delays—just direct crypto-to-property transactions.

A Bullish Signal for Crypto Adoption

This isn’t just a niche experiment; it’s a loud endorsement of digital assets from a major player in one of the world’s most dynamic property markets. Expect more developers to follow suit—because who wouldn’t want a piece of that volatile, yet irresistible, crypto liquidity?

Of course, the old-guard bankers might clutch their pearls, but let’s be real: they’re probably still trying to figure out how to process a check without a fax machine.

TLDR

• RAK Properties now accepts BTC, ETH, and USDT for international property purchases.

• All crypto payments are converted to AED via Hubpay’s regulated payment platform.

• The Mina project will deliver 800+ waterfront units before the end of 2025.

• UAE crypto adoption surged, with retail activity growing 75% year over year.

RAK Properties, a publicly listed real estate developer in Ras Al Khaimah, United Arab Emirates, has launched a new payment option allowing international clients to buy property using digital assets.

The company announced on Monday that it will now accept Bitcoin (BTC), ethereum (ETH), Tether (USDT), and other cryptocurrencies for real estate transactions. The move is part of a broader strategy to attract global investors and diversify payment methods in line with market trends.

RAK Properties partnered with UAE-based fintech firm Hubpay to process these crypto payments. Hubpay will convert the digital assets into UAE dirhams (AED) and deposit them into RAK Properties’ accounts. This ensures that the developer does not directly handle any crypto and maintains compliance with financial regulations.

Crypto Payments Powered by Hubpay’s Regulated Platform

Hubpay is licensed and regulated by the Abu Dhabi Global Market (ADGM) and supports secure digital asset transactions. Through this partnership, RAK Properties aims to connect with a new generation of digitally aware and investment-savvy property buyers.

“This partnership is about enabling a leading real estate developer to attract a new class of global buyers,” said Kevin Kilty, CEO of Hubpay. “Our regulated solution ensures the process is secure, compliant, and seamless for global clients.”

The payments will be facilitated entirely through Hubpay and its partners licensed under Dubai’s VIRTUAL Asset Regulatory Authority (VARA), ensuring each transaction remains transparent and secure. RAK Properties confirmed it will not receive or store digital assets directly.

UAE Strengthens Position as Global Crypto Hub

The United Arab Emirates has positioned itself as a growing center for digital asset adoption. Clear regulations and zero tax on crypto gains have driven strong growth in both retail and institutional crypto activity.

According to Chainalysis data, crypto transactions in the UAE grew across all size categories, with small retail transactions rising over 75% year-on-year as of mid-2024. Chase Ergen, a board member at DeFi Technologies, forecasted that crypto could become the UAE’s second-largest sector within five years.

RAK Properties joins a growing list of companies in the region adopting crypto payments. The company is celebrating its 20th anniversary in 2025 and expanding its portfolio with 12 new developments, including its flagship MINA beachfront project. More than 800 units are scheduled for delivery in the Mina community before the end of the year.

Mina Project Targets Global Real Estate Investors

The Mina development, located on Ras Al Khaimah’s coastline, is a central part of RAK Properties’ expansion strategy. With new crypto payment options, the company expects to draw more attention from international investors seeking secure and modern real estate investment opportunities in the UAE.

“By enabling and supporting the use of digital assets, we are engaging with a new ecosystem of digitally and investment savvy customers,” said Rahul Jogani, Chief Financial Officer at RAK Properties.

This MOVE also aligns with the UAE’s Vision 2030 goals, which aim to diversify the economy and foster innovation across sectors, including real estate and fintech.