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Bitcoin Payments Now Accepted By Top UAE Developer For Real Estate

Bitcoin Payments Now Accepted By Top UAE Developer For Real Estate
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Rak Properties, one of the largest developers listed in the United Arab Emirates, has started accepting encrypted currency payments for its homes.

Buyers can now settle transactions using Bitcoin, Ethereum and Tether. The initiative comes through Partnership with HubpayFintech is organized, immediately converting digital assets to UAE Dirhams before transferring to the developer account.

The partnership targets global investors

According to the company’s executives, this step aims to attract international buyers who feel comfortable using digital assets.

Rak’s characteristics It is currently developing the Mina Al Arab Waterfront community, where more than 800 units are expected to be delivered by the end of the year.

Rahul Jogani, the company’s financial manager, said that the approach is compatible with the company’s efforts to challenge customers “digital and self -investment.”

Hubpay, licensed during the reign of Abu Dhabi Global Market, provides infrastructure Encryption It is securely treated and that RAK properties avoid the risk of holding fluctuating codes on their books.

Market monitors describe the preparation as a way to expand foreign buyers options without exposing the company to add risks.

Image; RAK Properties

Weight profits

The company’s financial statements appear to support its growth plans. Reports revealed that Rak Properties recorded a clear profit of 160 million dirhams during the first half of 2025, an increase of about 80 % of the same period in the previous year.

The market value is about 4.7 billion dirhams, or about $ 1.3 billion. Executive managers attribute the company’s growth to all of the strong demand in Ras Al -Khawarah and its attempts to increase the investor’s access.

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Build Bitcoin

The adoption of encryption in Emirati real estate is not new. Developers, such as DAMAC and EMAAR, have already provided Bitcoin payment options, while Dubai Land Authority has worked with payment companies to handle encryption real estate deals.

RAK Properties Ras Al Khaimah’s decision adds to the UAE list that opens this practice.

RAK PROPERTIES’s entry to Bitcoin’s transactions as part of the RAS Al Khaimah 2030 vision targets. By expanding the group of investors who can access real estate purchases, officials hope to attract more buyers abroad to the housing market in the emirate.

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