RAK Properties to Accept Bitcoin for Real Estate in UAE

The UAE strengthens its crypto hub status. RAK Properties will accept Bitcoin, Ether, and stablecoins for property deals. Discover how digital assets reshape real estate in the Emirates.

Major UAE Developer Embraces Crypto Payments

RAK Properties, one of the largest real estate companies in Ras Al Khaimah, announced it will begin accepting cryptocurrency for international property transactions in 2025.

Payments will be supported in Bitcoin, Ether, and Tether’s USDT, with Hubpay handling conversions into UAE dirhams before funds are credited to the developer’s accounts.

Growing Crypto Adoption in the Emirates

According to RAK Properties CFO Rahul Jogani, the move reflects the company’s strategy to engage with digitally savvy investors and expand its customer base.

The Abu Dhabi-listed developer, with a market cap of $1.3 billion, reported a 39% net profit increase in 2024, reaching AED 281 million.

Digital Assets Reshape UAE Real Estate

RAK Properties is expanding with 12 new projects in 2025, underscoring strong demand for property in the region. Meanwhile, UAE’s crypto adoption is accelerating. Chainalysis data shows retail crypto transactions grew by over 75% year-over-year as of June 2024.

Industry experts forecast that within five years, crypto will become the UAE’s second-largest economic sector, driving further integration of blockchain and real estate.