RAK Properties teams with Hubpay to enable cryptocurrency in property sales

Ras Al Khaimah, UAE - September 1, 2025 - 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 enable international clients to purchase property using digital assets.

Expanding Investment Options

The collaboration opens the door for a new class of global buyers looking to invest in Ras Al Khaimah’s fast-growing real estate market. Clients can now purchase property using major digital assets such as USDT, BTC, ETH, and more. Hubpay’s regulated platform ensures payments are instantly and seamlessly converted into UAE dirhams and settled directly into RAK Properties’ account.

The service enhances the investment appeal of RAK Properties’ flagship Mina community, engaging a digitally savvy audience of global investors. By diversifying payment options, the developer is reinforcing its reputation as an innovative leader in one of the world’s most dynamic real estate markets.

Leadership Perspectives

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, added: “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.”

Secure and Compliant

Under the new framework, RAK Properties will not directly handle any digital assets. All payments are processed through Hubpay and its VARA-licensed partners, ensuring every transaction is fully compliant, secure, and transparent.

Supporting Ras Al Khaimah’s Vision

The partnership supports Ras Al Khaimah’s Vision 2030 strategy and reflects RAK Properties’ long-term ambitions as it celebrates its 20th anniversary. Construction across Mina continues at pace, with more than 800 units scheduled for delivery before year-end, highlighting the waterfront community’s growing appeal among both domestic and international investors.