RAK Properties Launches Cryptocurrency Payment Option Through Strategic Alliance with Hubpay

Ras Al Khaimah, 01-Sep-2025: In a landmark move for the UAE’s property sector, RAK Properties has joined forces with Hubpay, an ADGM-regulated fintech, to introduce cryptocurrency as a payment method for its Mina beachfront development in Ras Al Khaimah.

The partnership is designed to attract a new wave of international investors eager to leverage digital assets when purchasing property. Buyers can now complete transactions using leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and others. Through Hubpay’s regulated infrastructure, cryptocurrency payments are seamlessly converted into UAE dirhams and deposited directly with RAK Properties, delivering a smooth, compliant, and hassle-free transaction process.

This innovative service enhances the appeal of RAK Properties’ Mina project, one of the emirate’s most sought-after residential destinations. By expanding into digital payment solutions, the developer is opening doors to a digitally savvy, global client base while reinforcing its image as a forward-thinking leader in the region’s dynamic real estate market.

In the official press release of RAK Properties, 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.”

In the same press release of Rak Properties, 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.”

Under the new arrangement, RAK Properties will not engage in the direct management of digital assets. Instead, all cryptocurrency transactions will be facilitated exclusively through Hubpay and its partners licensed by VARA, guaranteeing that every payment remains transparent, secure, and fully compliant with regulatory requirements.

This initiative is closely aligned with Ras Al Khaimah’s Vision 2030 roadmap, reinforcing RAK Properties’ growth strategy as the company marks its 20th year in the industry. Progress at the Mina community continues steadily, with more than 800 residences set for handover before the close of the year, a clear reflection of the project’s increasing popularity among both domestic and international investors.