Ras Al Khaimah property boom to create 45,000 housing units

RAK Properties has announced a significant strategic partnership with UAE regulated fintech platform Hubpay, allowing international clients to purchase property using digital assets. This groundbreaking move places RAK Properties at the forefront of innovation in the fast-growing Ras Al Khaimah property market, introducing the concept of ‘crypto-property’.

Through Hubpay’s regulated solution, investors can now pay for property using leading digital assets such as USDT, BTC and ETH. Payments are instantly converted into UAE Dirhams and credited directly to RAK Properties’ account, ensuring regulatory compliance, transparency and speed of transactions. RAK Properties CFO Rahul Jogani said the partnership is a key element of their innovation and accessibility strategy, making investing in Ras Al Khaimah easier and more attractive to a growing international clientele. By implementing the use of digital assets, the company is engaging with a new ecosystem of digitally and investment-savvy clients, while reinforcing its status as a progressive and trusted master developer. The partnership is expected to significantly enhance the investment appeal of the company’s flagship residential development at Mina, where more than 800 units are scheduled to be delivered by the end of the year.

This strategic move, implemented in partnership with Hubpay, is aimed at attracting a new class of digitally savvy international investors, directly contributing to Ras Al Khaimah’s Vision 2030 strategy to attract international capital. Kevin Kilty, CEO of Hubpay, highlighted that their regulated solution provides the trust, necessary infrastructure and UAE compliance for large-scale transactions, ensuring a secure and seamless process for clients around the world; however, RAK Properties will not directly manage the digital assets. This collaboration, which coincides with RAK ​​Properties’ 20th anniversary, not only establishes the company as a progressive brand, but is also set to accelerate construction in Mina, strengthening its position as a trusted developer in one of the world’s most dynamic markets.