International investors now have the opportunity to purchase property in Ras Al Khaimah using cryptocurrency. On Monday, RAK Properties announced a collaboration with Hubpay, allowing global clients to buy property with digital assets.
This system seamlessly converts payments from international buyers into UAE dirhams, settling them directly into RAK Properties’ account.
Buyers can now use major digital currencies like USDT, BTC, ETH, and others for property transactions.
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With this partnership, RAK Properties will not handle any digital assets directly. All transactions will be processed through its partners.
The UAE is increasingly embracing cryptocurrencies. Recently, Emirates airline and Dubai Duty Free partnered with Crypto.com for crypto payments.
Other emirates’ developers also accept cryptocurrency for property purchases. Dubai’s largest private developer, Damac Properties, accepts Bitcoin and Ethereum, adding convenience for investors.
In July, the Dubai Land Department partnered with Crypto.com to facilitate digital real estate transactions, enabling property trades via digital currencies.
Rahul Jogani, CFO at RAK Properties, stated that the developer “continues to make investing in Mina and Ras Al Khaimah more appealing to international clients. By supporting digital assets, we engage with a tech-savvy customer base and enhance RAK Properties’ reputation as a progressive and reliable developer.”
Construction in Mina is advancing quickly, with over 800 units expected for delivery by year-end, according to RAK Properties.
Kevin Kilty, CEO of Hubpay, mentioned that this partnership will attract a new wave of global buyers interested in purchasing property with digital assets.
RAK Properties reported revenue of Dh774.79 million in H1 2025, with net profit rising by 80% to Dh160.6 million compared to Dh89.06 million in the same period last year.
