UAE’s RAK Properties to Accept Crypto Payments Through Hubpay Partnership

Hubpay handles all cryptocurrency payments, instantly converting them into UAE dirhams, which are then settled directly into RAK Properties' account. Importantly, RAK Properties itself does not take custody of any digital assets, Hubpay and its VARA-licensed partners manage the process to ensure regulatory compliance and transparency.

Rahul Jogani, CFO of RAK Properties, highlighted the strategic nature of this move, noting: “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, described the collaboration as a means to attract global buyers seeking convenient crypto-enabled property purchases. He emphasised: “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.”

The launch aligns with RAK Properties’ impressive development pipeline within its Mina Al Arab waterfront community, where over 800 units are expected to be delivered by the end of the year. As the company marks its 20th anniversary, this innovative payment method both commemorates its growth and expands its appeal to a global clientele. Moreover, the move dovetails neatly with Ras Al Khaimah’s Vision 2030, an initiative geared toward economic diversification and attracting foreign investment. By integrating cryptocurrency as a legitimate payment route, the developer supports the emirate’s goals of financial modernization and global investment readiness.

Hubpay’s capabilities are rooted in its regulatory standing within ADGM, supported by VARA-licensed partners, assuring that digital asset handling complies with local regulatory frameworks. This offering comes amid broader momentum: the UAE continues to establish itself as a global fintech and digital-asset hub, marked by an impressive 42 % year-on-year growth in cryptocurrency transactions. Earlier this year, Hubpay joined forces with digital asset infrastructure provider Aquanow to launch the nation's first fully regulated crypto payment gateway for businesses, further solidifying the foundations for this RAK Properties partnership.

For real estate developers, offering crypto payment options at this level signifies both innovative thinking and competitive differentiation. Benefits include faster settlement times, lower transaction fees, and smoother access to international buyers. For RAK Properties, the step opens opportunities to tap into a growing segment, the affluent global crypto investor, while maintaining regulatory rigor and trust.

With this Hubpay partnership, RAK Properties not only commemorates two decades of development excellence but also boldly embraces the future of real estate finance. By combining regulatory safety with modern transaction options, the company is poised to strengthen its appeal among a new generation of property investors while solidifying its leadership in the UAE’s evolving real estate landscape.