RAK Properties, a leading real estate developer in the UAE, has partnered with fintech firm Hubpay to offer cryptocurrency payment options for property purchases.
Collaboration between RAK Properties and Hubpay
RAK Properties, listed on the Abu Dhabi Securities Exchange, has announced a partnership with fintech company Hubpay. This initiative enables international investors to purchase real estate using cryptocurrency.
Benefits of Using Cryptocurrency
The partnership allows payments in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) through Hubpay’s regulated platform. The platform converts cryptocurrency payments into UAE dirhams (AED), minimizing risks for the developer by avoiding direct exposure to digital assets.
Regulatory Compliance and Strategies
This initiative aligns with Ras Al Khaimah’s Vision 2030 strategy, which focuses on developing infrastructure and attracting investments in real estate and tourism sectors. All transactions are conducted in compliance with anti-money laundering and know your customer regulations.
The collaboration between RAK Properties and Hubpay opens new opportunities for international investors while strengthening the emirate's reputation as an innovative center in real estate.
