{"id":15619,"date":"2025-09-01T22:50:35","date_gmt":"2025-09-01T20:50:35","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=15619"},"modified":"2025-09-01T22:50:35","modified_gmt":"2025-09-01T20:50:35","slug":"rak-properties-embraces-cryptocurrency-for-real-estate-transactions-in-the-uae","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/09\/01\/rak-properties-embraces-cryptocurrency-for-real-estate-transactions-in-the-uae\/","title":{"rendered":"RAK Properties Embraces Cryptocurrency for Real Estate Transactions in the UAE"},"content":{"rendered":"<p><\/p>\n<div data-v-43e640e6=\"\">\n<p>RAK Properties, a prominent publicly traded real estate corporation in the Ras Al Khaimah emirate of the United Arab Emirates (UAE), will commence accepting cryptocurrency for cross-border property dealings.<\/p>\n<p>As stated in a Monday announcement, RAK Properties will <a href=\"https:\/\/www.rakproperties.ae\/news\/rak-properties-enables-cryptocurrency-payments-through-innovative-new-partnership-with-hubpay\/\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/www.rakproperties.ae\/news\/rak-properties-enables-cryptocurrency-payments-through-innovative-new-partnership-with-hubpay\/\">start<\/a> accepting payments in Bitcoin (<a href=\"https:\/\/cointelegraph.com\/bitcoin-price\">BTC<\/a>), Ether (<a href=\"https:\/\/cointelegraph.com\/ethereum-price\">ETH<\/a>) and Tether\u2019s USDt (<a href=\"https:\/\/cointelegraph.com\/tether-price-index\">USDT<\/a>), among other currencies. This initiative highlights the increasing adoption of digital currencies in the UAE, a sector anticipated to rank among the country\u2019s largest in the near future.<\/p>\n<p>Hubpay, a global payment platform situated in the region, will facilitate cryptocurrency transactions. Hubpay will convert the digital currencies into the UAE\u2019s local fiat currency before crediting them to RAK&#8217;s accounts.<\/p>\n<p>\u201cBy facilitating and promoting the utilization of digital currencies, we are engaging with a novel ecosystem of tech-savvy and investment-oriented clients [&#8230;],\u201d remarked RAK Properties Chief Financial Officer Rahul Jogani.<\/p>\n<p><iframe title=\"Asking Dubai Crypto Tycoons How They Got Rich\" width=\"814\" height=\"458\" src=\"https:\/\/www.youtube.com\/embed\/d7tL4gxoWFw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Ras Al Khaimah ranks as the UAE\u2019s fourth-largest emirate in terms of area, with an estimated population of around 400,000.<\/p>\n<p>RAK Properties, which has been listed on the Abu Dhabi Securities Exchange since 2005, <a data-ct-non-breakable=\"null\" href=\"https:\/\/www.tradingview.com\/symbols\/ADX-RAKPROP\/\" rel=\"https:\/\/www.tradingview.com\/symbols\/ADX-RAKPROP\/\" target=\"https:\/\/www.tradingview.com\/symbols\/ADX-RAKPROP\/\" title=\"https:\/\/www.tradingview.com\/symbols\/ADX-RAKPROP\/\">holds<\/a> a market valuation of 4.7 billion dirhams ($1.3 billion), as reported by TradingView.<\/p>\n<p>The developer is set to grow in 2025 with 12 new projects, although the overall size of its portfolio remains uncertain. Its net profit increased by 39% year-over-year, <a data-ct-non-breakable=\"null\" href=\"https:\/\/www.rakproperties.ae\/fact-sheet\/\" rel=\"https:\/\/www.rakproperties.ae\/fact-sheet\/\" target=\"https:\/\/www.rakproperties.ae\/fact-sheet\/\" title=\"https:\/\/www.rakproperties.ae\/fact-sheet\/\">rising<\/a> to 281 million dirhams in 2024 from 202 million dirhams in the previous year.<\/p>\n<p data-ct-non-breakable=\"undefined\"><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/uae-sca-vara-crypto-regulatory-partnership\" title=\"null\"><em><strong>Dubai and UAE align crypto regulations under new partnership<\/strong><\/em><\/a><\/p>\n<h2>Growth of Crypto Adoption in the UAE<\/h2>\n<p>The embrace of cryptocurrency in the United Arab Emirates has been steadily increasing. The nation <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/learn\/articles\/cryptocurrency-regulation-in-the-uae-and-the-dubai-virtual-assets-law\" title=\"null\">is among the most advanced<\/a> for the crypto sector and has emerged as a desirable hub for Web3 enterprises and investors alike.<\/p>\n<p>As per Chase Ergen, a board member of the digital asset investment firm DeFi Technologies, crypto is projected to <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/crypto-become-uae-second-biggest-sector-5-years\" title=\"null\">evolve into the nation\u2019s second-largest sector<\/a> within five years.<\/p>\n<p>Chainalysis reports that the UAE&#8217;s cryptocurrency activity <a href=\"https:\/\/cointelegraph.com\/news\/middle-east-north-africa-7-5-percent-global-crypto-volume-chainalysis\" rel=\"\" target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/middle-east-north-africa-7-5-percent-global-crypto-volume-chainalysis\">has grown across all transaction sizes<\/a> over the past few years, with small retail transactions surging by over 75% year-over-year as of June 2024.<\/p>\n<figure><figcaption style=\"text-align: center;\"><em>Year-over-year growth in UAE value by transfer size. Source: Chainalysis<\/em><\/figcaption><\/figure>\n<p><em><strong>Magazine: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/magazine\/bitcoin-payments-undermined-centralized-stablecoins\/\" title=\"null\"><em><strong>Bitcoin payments are being undermined by centralized stablecoins<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\" label=\"Subscription Form: Crypto Biz Newsletter\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/uae-rak-properties-accept-bitcoin-cryptos-real-estate?utm_source=rss_feed&#038;utm_medium=rss&#038;utm_campaign=rss_partner_inbound\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RAK Properties, a prominent publicly traded real estate corporation in the Ras Al Khaimah emirate of the United Arab Emirates (UAE), will commence accepting cryptocurrency for cross-border property dealings. As stated in a Monday announcement, RAK Properties will start accepting payments in Bitcoin (BTC), Ether (ETH) and Tether\u2019s USDt (USDT), among other currencies. This initiative<\/p>\n","protected":false},"author":3,"featured_media":15620,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[3486,3487],"class_list":["post-15619","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-uaes-rak-properties-to-accept-bitcoin","tag-crypto-for-real-estate-deals-gpt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RAK Properties Embraces Cryptocurrency for Real Estate Transactions in the UAE - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/09\/01\/rak-properties-embraces-cryptocurrency-for-real-estate-transactions-in-the-uae\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RAK Properties Embraces Cryptocurrency for Real Estate Transactions in the UAE - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"RAK Properties, a prominent publicly traded real estate corporation in the Ras Al Khaimah emirate of the United Arab Emirates (UAE), will commence accepting cryptocurrency for cross-border property dealings. 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