Hubpay will help RAK Properties in attracting a brand new class of worldwide buyers seeking to buy property in its Mina beachfront neighborhood utilizing digital property.
Ras Al Khaimah — RAK Properties, Ras Al Khaimah’s main publicly listed actual property developer, has introduced a strategic partnership with Hubpay, the UAE’s main ADGM-regulated fintech, to allow worldwide shoppers to buy property utilizing digital property.
The collaboration permits RAK Properties to draw a brand new class of worldwide patrons seeking to spend money on Ras Al Khaimah’s booming actual property market. Purchasers can now pay for property utilizing main digital property like USDT, BTC, ETH, and extra.
Hubpay’s regulated platform ensures payments are immediately and seamlessly transformed to UAE dirhams and settled immediately into RAK Properties’ account. The brand new service expands the funding attraction of the developer’s signature Mina neighborhood, tapping right into a rising ecosystem of digitally-savvy worldwide buyers. By diversifying its fee choices, RAK Properties is evolving the funding panorama and cementing its place as an revolutionary chief in one of many world’s most dynamic actual property markets.
Rahul Jogani, Chief Monetary Officer at RAK Properties, mentioned: “Our new partnership with Hubpay is one other step ahead with our technique of innovation and accessibility as we proceed to make funding in Mina and Ras Al Khaimah simpler and extra enticing to a rising worldwide clientele. By enabling and supporting using digital property, we’re partaking with a brand new ecosystem of digitally and funding savvy prospects whereas on the identical time strengthening RAK Properties’ standing as a forward-thinking model in addition to a trusted grasp Developer.”
Kevin Kilty, CEO of Hubpay, mentioned: “This partnership is about enabling a number one actual property developer, RAK Properties, to draw a brand new class of worldwide patrons seeking to buy property with digital property. Our regulated resolution gives the belief and infrastructure for high-value transactions, making certain the method is safe, compliant, and seamless for international shoppers.”
“We’re proud to be the fee engine that powers these prestigious transactions for a forward-thinking model like RAK Properties.”
As a part of the brand new partnership, RAK Properties is not going to immediately deal with any digital property. All payments will likely be processed by means of Hubpay and its VARA-licensed companions, making certain each transaction is totally compliant and clear.
The collaboration aligns with Ras Al Khaimah’s Imaginative and prescient 2030 technique and boosts RAK Properties’ long-term aspirations because it celebrates its twentieth anniversary. Building throughout Mina is continuous at tempo, with greater than 800 items scheduled for supply earlier than year-end, demonstrating the waterfront growth’s rising attraction to numerous buyers from the UAE and past.
