RAK Properties, the UAE real estate developer, has announced a partnership with the fintech Hubpay that will enable its international clients to purchase property using cryptocurrencies.
According to the company, clients can now buy property in the Ras Al Khaimah real estate market using major digital assets like USDT, BTC, ETH, and more. Hubpay’s regulated platform will ensure payments are instantly and seamlessly converted to UAE dirhams and settled directly into RAK Properties’ account. As part of the new partnership, RAK Properties will not directly handle any digital assets while all payments will be processed through Hubpay.
“Our new partnership with Hubpay is another step forward with our strategy of innovation and accessibility as we continue to make investment in Mina, and Ras Al Khaimah, easier and more attractive to a growing international clientele,” said Rahul Jogani, chief financial officer at RAK Properties. “By enabling and supporting the use of digital assets, we are engaging with a new ecosystem of digitally and investment savvy customers while at the same time strengthening RAK Properties’ status as a forward-thinking brand as well as a trusted master developer.”
