UAE’s RAK Properties to accept crypto for global real estate deals
Homebuyers from abroad will soon be able to use crypto to purchase properties from RAK Properties, one of the leading real estate firms in Ras Al Khaimah, in the UAE.
The company is working with UAE fintech firm Hubpay to allow property purchases in digital currencies like Bitcoin, Ether, and Tether’s USDT. Hubpay will handle crypto conversion into UAE dirhams and deposit the proceeds directly into RAK’s accounts. In their press release, RAK Properties stated they believe the partnership will open the door to new global buyers eager to tap into Ras Al Khaimah’s real estate market.
Rahul Jogani, Chief Financial Officer at RAK Properties, even commented, “Our new partnership with Hubpay is another step forward with our…
