Overview
- The ADGM-regulated fintech Hubpay will process transactions, convert digital assets into UAE dirhams, and settle funds directly into RAK Properties’ accounts through VARA-linked partners.
- The offering targets digitally native and overseas buyers as part of Ras Al Khaimah’s Vision 2030 diversification strategy.
- CFO Rahul Jogani framed the move as an innovation push to engage a new ecosystem of investment-savvy clients.
- Hubpay CEO Kevin Kilty said the partnership advances crypto integration in regional real estate with strong regulatory controls and security.
- The launch coincides with ongoing deliveries at Mina Al Arab this year and follows strong 2024 results, including a 281 million dirham net profit and plans for 12 new projects in 2025.