RAK Properties in UAE Now Accepts Bitcoin Payments for Luxury Properties

Jakarta, Pintu News – RAK Properties, one of the largest listed developers in the United Arab Emirates, recently announced the acceptance of cryptocurrency payments.

Through a partnership with Hubpay, a regulated fintech company, buyers can now use Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) for home purchase transactions. The conversion of digital assets to UAE dirhams is done instantly before the funds are transferred to the developer’s account. The move is expected to attract more international investors who are comfortable with digital assets.

Strategic Partnership with Hubpay

The cooperation with Hubpay is not just about transactions, but also about expanding the market reach of RAK Properties. Using Hubpay’s platform, cryptocurrency to dirham conversion is done in real-time, ensuring stability and security in every transaction. This initiative allows RAK Properties to attract a wider range of global investors, especially those who prefer digital transactions.

This partnership also reflects RAK Properties’ commitment to integrating the latest technology in their operations. With the adoption of cryptocurrencies, RAK Properties not only improves efficiency but also demonstrates their adaptation to emerging global trends. This sets a new standard in real estate transactions in the UAE, while affirming their position as an innovation leader in the industry.

Also Read: Ondo Finance could be a crypto dark horse in Q4 2025? Here are 4 ONDO facts to know!

Profit Improvement and Market Expansion

RAK Properties recorded a significant increase in net profit, reaching AED 160 million in the first half of 2025, an increase of approximately 80% from the same period last year. This increase demonstrates strong growth and an effective expansion strategy.

With a market capitalization of nearly AED 4.7 billion, or about $1.3 billion, the company shows great growth potential. This growth is driven by strong demand in Ras Al Khaimah as well as the company’s efforts to expand access for investors. This strategy not only raised RAK Properties’ profile in the local market but also attracted international investors. As such, the company is successfully capitalizing on the opportunities available in the global market.

Bitcoin Adoption in UAE Real Estate

The use of Bitcoin (BTC) in the real estate sector in the UAE is not new. Developers such as DAMAC and Emaar have already started accepting Bitcoin, and Dubai’s land authority has teamed up with payment companies to process crypto-related property transactions.

RAK Properties’ decision to accept Bitcoin adds to the list of emirates opening up to this practice. The move is also in line with the objectives of Ras Al Khaimah’s Vision 2030, which aims to expand access to the property market for foreign investors. By introducing crypto payment options, RAK Properties hopes to attract more overseas buyers to the emirate’s housing market.

Bright Future for RAK Properties

With the bold move of accepting cryptocurrencies as a payment method, RAK Properties is not only strengthening their position in the local market but also globally. This initiative demonstrates their commitment to innovation and adaptation to the latest market trends. As they continue to integrate new technologies and expand their market reach, the future looks very bright for RAK Properties.

Also Read: XRP or Bitcoin? 3 Facts from the Chart that Reveal the Truth

Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today’s solana price, pepe coin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Bitcoinist. Bitcoin Payments Now Accepted by Top UAE Developer for Real Estate. Accessed on September 4, 2025