One of the UAE’s largest real estate developers is confidently stepping into the world of crypto. RAK Properties, a publicly listed company based in the emirate of Ras Al Khaimah, now enables international investors to purchase property using Bitcoin, Ethereum, and USDT. The adoption of digital currencies is growing at a rapid pace in the region, and RAK is enthusiastically joining the trend.
Buying with Crypto Becomes a Reality in the UAE
RAK Properties has chosen to partner with Hubpay to facilitate cryptocurrency payments. This payment provider ensures that Bitcoin, Ether, and other digital assets are converted into the local dirham before reaching RAK’s account. For customers, little changes: they can pay with their preferred crypto, while RAK receives the amount in fiat currency.
According to Chief Financial Officer Rahul Jogani, this move opens the door to a new generation of buyers who are digitally savvy and actively invest in crypto. Given the upward trend in adoption, this is not a surprising step. More and more real estate players in the region are exploring how to cater to the demand for alternative payment options.
Small Crypto Users Show Fastest Growth
Data from Chainalysis shows that small retail transactions are the driving force behind crypto growth in the UAE. Transactions under $1,000 have increased by more than 75% compared to last year. The larger retail group ($1,000 to $10,000) also shows a similar increase. This indicates that crypto is not only popular with institutional investors but also with individuals taking their first steps.
In recent years, the UAE has developed into a truly crypto-friendly environment. The absence of tax on crypto gains and clear regulations attract companies and investors from around the world. According to Chase Ergen of DeFi Technologies, crypto could even become the country’s second-largest sector within five years.
RAK Pushes Forward in 2025
RAK Properties is not standing still. In 2025, no fewer than 12 new projects are planned. The company recorded a 39% profit growth last year, from 202 to 281 million dirhams. With a market capitalisation of approximately $1.3 billion, the company demonstrates its readiness for the future, and crypto is now part of that vision.
Edward Clarke is a seasoned property expert with extensive experience in international real estate investment, with a particular focus on Dubai’s fast-growing property market. Drawing on both personal investment experience and years of client advisory work, he helps investors make informed, realistic decisions when purchasing apartments, villas or off-plan developments in Dubai. With a pragmatic mindset, a sharp focus on returns and a strong commitment to transparency, Edward is a trusted point of contact for anyone considering a property investment in Dubai.
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