RAK Properties, Ras Al Khaimah’s largest publicly listed real estate developer, has partnered with Hubpay, the ADGM-regulated fintech platform, to allow international investors to purchase property using cryptocurrency.
The strategic collaboration will initially be applied to RAK Properties’ flagship Mina beachfront community, opening the door to a new class of digitally savvy global buyers. Purchases can now be made using leading digital assets, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
Secure, Regulated Transactions
Under the agreement, Hubpay’s regulated infrastructure will instantly convert cryptocurrency payments into UAE dirhams, settling funds directly into RAK Properties’ account. RAK Properties will not directly handle digital assets; all transactions will be managed through Hubpay and its VARA-licensed partners, ensuring compliance, transparency, and security.
Leadership Commentary
Rahul Jogani, Chief Financial Officer at RAK Properties, said:
“Our new partnership with Hubpay is another step forward in our strategy of innovation and accessibility, making investment in Mina and Ras Al Khaimah easier and more attractive to international clients.”
Kevin Kilty, CEO of Hubpay, added:
“Our regulated solution provides the trust and infrastructure for high-value real estate transactions, ensuring a secure and seamless process for global clients.”
Boosting Ras Al Khaimah’s Appeal
The move strengthens Ras Al Khaimah’s positioning as a future-ready investment hub, aligned with the emirate’s Vision 2030 strategy. By diversifying payment options, RAK Properties is enhancing accessibility for international investors while reinforcing its image as an innovative and trusted developer.
The partnership comes as RAK Properties celebrates its 20th anniversary, with construction at Mina progressing rapidly. More than 800 units are scheduled for delivery before the end of the year, highlighting the project’s growing appeal to both UAE-based and international investors.
