R
AK Properties, a major real estate developer in Ras Al Khaimah, UAE, has announced that it will now accept Bitcoin, Ether, and USDT for international property transactions. This move is made possible through a partnership with Hubpay, a fintech platform based in the UAE, which converts crypto into dirhams to ensure regulatory compliance and secure global investments.

    This decision aligns with the UAE's growing adoption of digital assets and its aim to become a global hub for blockchain innovation and crypto finance. RAK Properties' move is part of a broader strategy to attract Web3 investors and diversify the UAE economy, as outlined in Ras Al Khaimah's Vision 2030 economic diversification plan.

    The company has reported an 80% year-over-year profit growth in 2025, leveraging crypto to attract new clients and expand its portfolio. RAK Properties' partnership with Hubpay ensures that all transactions meet the highest standards of oversight and security, while facilitating seamless and secure transactions for international investors.

    This move is part of a larger trend in the UAE, where crypto adoption has been increasing steadily. Other emirates have also begun accepting digital assets for property transactions, with Dubai's Damac Properties and the Dubai Land Department already integrating crypto payments into their operations. The acceptance of cryptocurrencies in the UAE real estate market is expected to attract a broader range of global investors and support the country's economic strategy to diversify away from traditional sectors and position itself as a global leader in blockchain technology and digital finance.