RAK Properties Enables Crypto Payments for UAE Real Estate
RAK Properties has launched crypto payments for UAE real estate transactions. With this crypto payments option, international buyers can pay with Bitcoin, Ethereum and Tether. Payments are converted into UAE dirhams via Hubpay before deposit. The initiative aims to simplify transactions, broaden global access and attract younger investors. Supported by clear regulation and tax-free crypto profits, this move highlights growing crypto adoption in Abu Dhabi’s real estate market. RAK Properties reported a 39% rise in net profit to AED 281 million and plans 12 new projects by 2025. Chainalysis data shows retail crypto transactions in the UAE rose 75% year-on-year. Industry experts predict crypto will become the country’s second-largest sector within five years.
Bullish
By enabling crypto payments, RAK Properties extends the utility of Bitcoin, Ethereum and Tether into the high-value real estate sector. This mainstream adoption signals stronger demand and real-world use cases for leading cryptocurrencies. In the short term, the announcement may boost market confidence and trading volumes for BTC, ETH and USDT. Over the long term, increased on-ramps and regulatory clarity in the UAE could drive sustained inflows and liquidity into the crypto market. Historical precedents show that major corporate or institutional acceptance often correlates with bullish price trends, making this development a positive indicator for crypto markets.