RAK Properties, Ras Al Khaimah’s leading publicly listed real estate developer in the United Arab Emirates, announced a partnership with Hubpay to let international buyers purchase units in its Mina beachfront community using major digital assets such as USDT, BTC and ETH, with payments instantly converted to UAE dirhams and settled into RAK Properties’ account.
RAK Properties Lets Buyers Use Crypto for UAE Beachfront Homes
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The arrangement — routing crypto payments through the Abu Dhabi Global Market (ADGM)‑regulated Hubpay and Virtual Assets Regulatory Authority (VARA)‑licensed partners so RAK Properties does not directly hold digital assets — aims to attract digitally savvy global investors, including U.S. investors, and broaden payment options as construction proceeds on more than 800 units due this year, a move executives say supports Ras Al Khaimah’s Vision 2030 and the developer’s innovation strategy.
