RAK Properties in the UAE now accepts BTC, ETH, and USDT for international property transactions. Hubpay will facilitate crypto payments by converting assets to local fiat. The CFO sees this move as a way to engage with more tech-savvy customers. RAK Properties is a $1.3 billion company expanding with 12 new projects in 2025.

Cryptocurrency adoption in the UAE is on the rise, with the country becoming a hub for Web3 businesses. Crypto is forecast to become the UAE’s second-largest sector in five years. UAE crypto activity has grown across all transaction sizes, with small retail transactions increasing by over 75% year-over-year.

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Bitcoin reaches new all-time high of $60,000 as institutional interest grows. The cryptocurrency’s market cap surpasses $1 trillion for the first time, with Tesla and other major companies investing in Bitcoin. Analysts predict continued growth as more institutions adopt digital assets as part of their investment strategies.: UAE’s RAK Properties to accept Bitcoin, crypto for real estate deals