Gulf News, 1 September 2025: A major UAE property developer has introduced cryptocurrency payment options for international buyers purchasing real estate in Ras Al Khaimah.

Key features of the initiative include:

• Acceptance of major cryptocurrencies, including Bitcoin, USDT, and ETH
• Automatic conversion to UAE dirhams
• Direct settlement into developer accounts
• Compliance with UAE financial regulations

The payment process will be managed entirely through Hubpay and its VARA-licensed partners, with the developer not handling digital assets directly. All transactions will be processed through regulated channels to ensure compliance.

The move comes amid significant development in Ras Al Khaimah, including:

• New Wynn casino resort
• Al Marjan Island expansion
• Multiple Abu Dhabi developer investments
• Establishment of digital asset free zone

The payment system provides instant conversion of cryptocurrency to UAE dirhams, offering international investors an additional payment channel for property purchases in the emirate’s growing real estate market.

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