RAK Properties, Ras Al Khaimah’s leading publicly listed real estate developer, has announced a strategic partnership with Hubpay, the UAE’s ADGM-regulated fintech to allow international buyers to purchase properties using cryptocurrency. This move reflects the UAE’s growing adoption of regulated digital asset solutions, highlighting the country’s expanding ecosystem for cryptocurrency payments across sectors.
This collaboration leverages Aquanow’s regulated infrastructure and Hubpay’s payment network, enabling clients to pay for Mina beachfront community properties using major digital assets, including USDT, BTC, and ETH. Hubpay instantly converts payments to UAE dirhams and settles them directly into RAK Properties’ account, ensuring a secure, compliant, and seamless transaction process.
The initiative positions RAK Properties to attract a new class of digitally-savvy global investors seeking opportunities in Ras Al Khaimah’s booming real estate market. By offering regulated cryptocurrency payment options, the developer strengthens its reputation as an innovative leader in the UAE property sector.
Rahul Jogani, Chief Financial Officer at RAK Properties, said:
“Our new partnership with Hubpay is another step forward with our strategy of innovation and accessibility as we continue to make investment in Mina, and Ras Al Khaimah, easier and more attractive to a growing international clientele. By enabling and supporting the use of digital assets, we are engaging with a new ecosystem of digitally and investment savvy customers while at the same time strengthening RAK Properties’ status as a forward-thinking brand as well as a trusted master developer.”
Kevin Kilty, CEO of Hubpay, said:
“This partnership is about enabling a leading real estate developer, RAK Properties, to attract a new class of global buyers looking to purchase property with digital assets. Our regulated solution provides the trust and infrastructure for high-value transactions, ensuring the process is secure, compliant, and seamless for global clients. We’re proud to be the payment engine that powers these prestigious transactions for a forward-thinking brand like RAK Properties.”
RAK Properties will not directly handle digital assets; all payments are processed through Hubpay and Aquanow’s VARA-licensed infrastructure, ensuring full compliance, transparency, and security.
The collaboration aligns with Ras Al Khaimah’s Vision 2030 strategy and reinforces RAK Properties’ long-term ambitions as it celebrates its 20th anniversary. Construction across Mina is progressing rapidly, with more than 800 units set for delivery before year-end, demonstrating the growing appeal of this waterfront development to investors in the UAE and internationally.
