Accordingly, RAK Properties announced that it will officially support crypto payments such as Bitcoin ($BTC), Ethereum ($ETH) and Tether ($USDT).
Cryptocurrencies used by customers for payments will be converted into UAE fiat currency before being deposited into RAK Properties.
RAK Properties said in a statement that it plans to increase accessibility and improve transaction convenience for global investors through the introduction of cryptocurrency payments.
“This move enables RAK Properties to attract a new generation of global buyers looking to invest in the rapidly growing property market.
Customers can now purchase their properties using major digital assets such as $USDT, $BTC, $ETH and more.”
The UAE has recently become a major hub for the cryptocurrency industry, with clear regulatory frameworks and the absence of taxes on crypto profits fueling interest in digital assets.
*This is not investment advice.