RAK Properties now accepts Bitcoin, Ethereum, and Tether for property purchases via Hubpay, boosting crypto payments adoption in UAE real estate.

RAK Properties, one of the largest publicly listed real estate firms in Ras Al Khaimah, UAE, has taken a major step toward modernizing property transactions. The company has announced it will now accept crypto payments for international property purchases. Such a step indicates the increasing influence of digital assets in international finance and a new dawn in the real estate industry in the region.

RAK Properties Enables BTC, ETH, USDT Payments via Hubpay

Buyers can now buy properties using major cryptocurrencies like Bitcoin, Ethereum, and Tether. Payments will go through Hubpay, a licensed payment service. Hubpay will quickly change the crypto into UAE dirhams and send it to RAK Properties. This guarantees a safe and acceptable payment process.

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This is likely to bring in more international investors, especially those who are already involved in the digital asset arena. With the increasing use of cryptocurrency worldwide, there is an increasing number of buyers interested in investment opportunities that accept online payments. Through this flexibility, RAK Properties is also making itself a leader in real estate innovation in the UAE.

The new payment option will boost interest in the company’s flagship developments, such as the popular Mina Al Arab community. The project has been associated with coastal living and luxury products; thus, it is likely to be in demand by digital-first investors who will be interested in buying high-end properties in dynamic markets.

Rahul Jogani, the CFO of RAK Properties, said the partnership with Hubpay supports the company’s strategy of innovation. He explained that allowing crypto payments makes property investment more accessible. Moreover, the move helps RAK Properties connect with a tech-savvy group of global investors. As a result, the company strengthens its image as a modern and reliable developer. In addition, this step keeps RAK Properties ahead in the evolving real estate market.

UAE Real Estate Aligns with Global Crypto Payments Adoption

Kevin Kilty, CEO of Hubpay, emphasized that the collaboration allows safe, high-value payments that meet national laws. He explained that the infrastructure that Hubpay offers makes digital payments easy and transparent. In addition, it allows international buyers the comfort to transact large purchases of real estate with cryptocurrencies.

It should be mentioned that RAK Properties will not store and manage any digital assets directly. Every transaction will be carried out via Hubpay and its VARA-licensed partners. This will result in complete regulatory compliance and reduce operational risk to the real estate company.

The move towards crypto payment can also be associated with the general trends within the real estate and financial industries. As more people use digital currencies, businesses are finding new ways to add blockchain to their usual systems. They are also using decentralized finance to make things easier and more open.

These trends are not only making RAK Properties more global, but it is also helping the UAE to achieve its vision of being a financial innovation leader. Morevoer, this move will be an incentive to other property developers in the area to do the same.

With an ever-growing interest in tokenized assets and blockchain-based transactions, these partnerships will likely determine how real estate transactions are performed in the future.