RAK Properties, one of the UAE’s largest listed developers, has begun accepting cryptocurrency payments for its homes.

Buyers can now settle transactions using Bitcoin, Ethereum, and Tether. The initiative comes through a partnership with Hubpay , a regulated fintech company, which instantly converts digital assets into UAE dirhams before transferring them to the developer’s account.

Partnership Targets Global Investors

According to company executives, the move is aimed at attracting international buyers who are comfortable using digital assets.

RAK Properties is currently developing the Mina Al Arab waterfront community, with more than 800 units expected to be delivered by the end of the year.

Rahul Jogani, the firm’s chief financial officer, said the approach aligns with the comp

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