RAK Properties has taken a groundbreaking move to transform the property investment landscape in the UAE. Notably, it is one of the leading master-developers in the country. Now, it has joined hands with Hubpay (an ADGM-regulated fintech) to allow international buyers to buy property in Ras Al Khaimah through cryptocurrencies.
A New Era in Real Estate Investment
This campaign allows overseas investors like you to pay with major digital assets such as Bitcoin, Ethereum, USDT, etc. In addition, the advanced platform of Hubpay ensures that crypto payments are quickly converted into UAE dirhams and securely transferred into the accounts of the RAK property.
The developers highlighted that this move aligns with its dedication to spreading the payment options and collecting a global class of digitally savvy investors. Rahul Jogani, CFO of RAK Properties, said, “By supporting the use of digital assets, we are making the property investment in Mina Al Arab and Ras Al Khaimah more attractive for foreign clients.”
Why Ras Al Khaimah?
The Real Estate market of Ras Al Khaimah is seeing a surge in demand because of landmark projects like the Wynn casino resort, developments on Al Marjan Island, and investments from Abu Dhabi’s Aldar Properties. In addition, the emirate is preparing a dedicated free zone for digital asset businesses. So, it is becoming an ideal hub for innovation and global innovation.
Secure and Compliant Transactions
Indeed, RAK property is going to offer cryptocurrency as a payment mode. However, it will not directly handle the digital assets itself. Instead, Hubpay and its VARA-licensed partners will process every transaction to ensure compliance, security, and transparency.
Kevin Kilty, CEO of Hubpay, said, “This partnership will allow us to attract a new class of buyers who want to invest in Ras Al Khaimah using the digital assets.”
A Forward-Thinking Approach of RAK Properties
By accepting payment through cryptocurrency, RAK Property is modernizing the real estate transaction throughout the emirate. However, this step is also empowering the position of this emirate as one of the most dynamic markets in the world. So, this move highlights the ongoing effort of the United Arab Emirates (UAE) to integrate fintech and blockchain innovation in its economic framework.
The decision of RAK Properties to accept cryptocurrency payments shows a forward-looking vision of the property dealer. So, it is making the emirate a global hub for investors who are looking for modern, flexible, and secure real estate opportunities.
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