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RAK Properties enables crypto payments: Partners with Hubpay to attract investors

Hubpay’s platform instantly converts digital asset payments into UAE dirhams and settles them directly into RAK Properties’ account

Gulf Business
Gulf Business

01 September, 2025

RAK Properties enables crypto payments: Partners with Hubpay to attract investors
Image credit: RAK Properties/Website

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RAK Properties, the emirate’s leading publicly listed real estate developer, has announced a strategic partnership with Hubpay, a UAE-based fintech regulated by Abu Dhabi Global Market (ADGM), to enable international property transactions using digital assets.

Read more-RAK is surging ahead in real estate and tourism, say industry leaders

The collaboration positions RAK Properties to attract a new wave of international investors interested in purchasing real estate in Ras Al Khaimah using cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and others. Hubpay’s platform instantly converts digital asset payments into UAE dirhams and settles them directly into RAK Properties’ account, providing a seamless and secure experience.

This move aligns with RAK Properties’ goal of expanding its investment appeal, particularly for its flagship Mina Al Arab community, and supports the emirate’s growing reputation as a forward-thinking destination for real estate investment.

Innovation aligned with Vision 2030

The partnership comes as Ras Al Khaimah pushes forward with its Vision 2030 strategy, aiming to attract international investors and develop world-class infrastructure. RAK Properties’ adoption of digital asset payments reflects this ambition and coincides with the company’s 20th anniversary.

“Our new partnership with Hubpay is another step forward in our strategy of innovation and accessibility,” said Rahul Jogani, CFO at RAK Properties. “By enabling the use of digital assets, we are engaging a new ecosystem of investment-savvy, digital-first clients while reinforcing RAK Properties’ position as a trusted and forward-thinking master developer.”

Regulated and compliant transactions

RAK Properties will not directly handle any digital currencies. Instead, all transactions will be processed through Hubpay and its partners licensed by the Virtual Assets Regulatory Authority (VARA), ensuring compliance and transparency throughout the process.

“This partnership allows a leading real estate developer like RAK Properties to reach a new class of global buyers,” said Kevin Kilty, CEO of Hubpay. “Our regulated solution ensures high-value transactions are conducted securely and compliantly, providing peace of mind to international clients.”

Construction at the Mina Al Arab waterfront development continues at pace, with more than 800 units scheduled for delivery by the end of the year. The integration of digital asset payments is expected to further boost the project’s appeal to a broader range of investors from the UAE and overseas.

RRS breaks ground on $100m NH Collection project in Ras Al Khaimah

The development will feature 121 hotel keys and 36 branded apartments

Rajiv Pillai
Rajiv Pillai

01 September, 2025

RRS breaks ground on $100m NH Collection project in Ras Al Khaimah
Image: Supplied

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RRS International Development has officially broken ground on the NH Collection Ras Al Khaimah Al Marjan Island Hotel & Apartments, a $100m mixed-use project developed in collaboration with Minor Hotels. The milestone marks the arrival of the NH Collection Hotels & Resorts brand on Al Marjan Island for the first time and follows the success of its debut branded residential offering in Palm Jumeirah, Dubai.

Oversubscribed at launch, the project has generated strong investor demand. Speaking at the groundbreaking ceremony, Rakesh Mirchandani, co-founder of RRS International Development and partner at RRS Capital Management, said: “This groundbreaking is more than the start of construction—it’s the beginning of a new chapter fofr this incredible project and celebration of the overwhelming interest we have received. Oversubscribed at launch, we are grateful for the investor confidence shown in both the NH Collection brand and RAK’s emergence as a world-class lifestyle destination.”

The development will feature 121 hotel keys and 36 branded apartments, blending five-star hospitality with contemporary residential living. Its wave-inspired architecture, designed by Arkiplan Consulting Architects & Engineers, reflects the motion of the ocean, while tropical interiors by B8 Architectural Prospective Drawings Services incorporate greenery, open layouts, and vibrant décor. The result is a distinctive fusion of tropical luxury and desert mystique.

Read: Sheraton-branded residences to launch on Al Marjan Island

Project delivery is supported by a consortium of consultants and contractors: HMK Engineering Consultants has been appointed Architect of Record, Innovate Project Development serves as Project Manager, and Atlas Star Piling Foundation has been named enabling works contractor.

Sanjay Narayandas Dhawan, co-founder of RRS International Development and partner at RRS Capital Management commented: “We see Ras Al Khaimah at a turning point. With multi-billion-dirham investments in tourism and leisure, including upcoming gaming resorts, the Emirate is attracting a new wave of international attention. This development aligns with that momentum, setting a new benchmark for branded residences and hospitality-led living in the region.”

The NH Collection Ras Al Khaimah Al Marjan Island Hotel & Apartments underscores RRS International Development’s strategy of delivering high-quality, design-led projects that meet strong investor demand. Alongside the project, RRS is planning new developments across prime UAE locations and a pioneering digital venture designed to make smart, luxury properties more accessible and profitable.

Dubai’s new upgrades on Al Thanya Street: Details on its impact

Al Thanya Street is a major route carrying heavy traffic due to its links with Jumeirah, Al Wasl, Umm Suqeim, Umm Al Sheif, and Al Manara

Gulf Business
Gulf Business

01 September, 2025

Dubai’s new upgrades on Al Thanya Street: Details on its impact
Image: RTA/ X

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Dubai’s Roads and Transport Authority (RTA) has begun a series of rapid traffic improvement measures on Al Thanya Street, a key corridor connecting Sheikh Zayed Road and Al Wasl Road, aimed at enhancing traffic flow and pedestrian safety.

The works include upgrading the existing roundabout on Sheikh Zayed Road’s service road leading to Al Thanya Street, constructing a signalised junction at the intersection of Street 10 and Al Thanya Street, and developing walkways with traffic signals for safer pedestrian movement.

Scheduled for completion in early September , the project is part of the RTA’s strategic plan to boost road network efficiency and accommodate Dubai’s growing population, urban development, and economic activity.

The new junction at Street 10 is expected to reduce travel distances for residents moving between Umm Al Sheif and Al Manara, while improving connectivity with Sheikh Zayed Road, Al Wasl Road, and surrounding residential and commercial areas.

Al Thanya Street: Improvements to ease congestion

The upgrades complement previous improvements along Sheikh Zayed Road’s service road and are designed to support future traffic growth on Al Thanya Street.

Al Thanya Street is a major route carrying heavy traffic due to its links with Jumeirah, Al Wasl, Umm Suqeim, Umm Al Sheif, and Al Manara.

The RTA said the improvements will strengthen connections between internal roads and main arteries, enhance safety standards, and provide safer routes for pedestrians and cyclists.

Oman launches 10‑year Golden Residency: What’s in it for investors, professionals?

Residency holders will also have access to the Invest in Oman platform, which offers end-to-end services from business establishment to expansion

Nida Sohail
Nida Sohail

01 September, 2025

Oman launches 10‑year Golden Residency: What’s in it for investors, professionals?
Image credit: Getty Images

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In a significant move to attract foreign investment and top-tier talent, Oman has officially launched its much-anticipated 10-year “Golden Residency” programme, offering long-term residency to eligible investors and skilled professionals through seven distinct investment routes, starting from OMR200,000.

The announcement was made during an event on Sunday, August 31, in Salalah, hosted by the Ministry of Commerce, Industry and Investment Promotion (MoCIIP) under the theme ‘Sustainable Business Environment’. The event was held under the patronage of Sayyid Marwan bin Turki al Said, governor of Dhofar, and attended by senior officials from both the public and private sectors.

Read more-New rule for businesses in Oman: Here’s what you need to know

The programme aligns with Oman Vision 2040, targeting private-sector growth, employment generation, and advanced knowledge transfer.

According to the Oman Observer, the Golden Residency initiative reflects Oman’s ambition to develop a sustainable, investor-friendly ecosystem. As Muscat Daily reported, the launch is part of a wider package of reforms aimed at enhancing the country’s business climate and drawing long-term capital.

“The Golden Residency is not merely a residence permit; it is Oman’s commitment to creating a balanced environment for investors that combines opportunity, stability, and a quality lifestyle,” said Nasima bint Yahya al Balushi, Director General of the Investors Services Centre at MoCIIP.

Oman currently ranks fourth globally in the 2024 Quality of Life Index, a Muscat Daily report noted.

The seven investment pathways

The Golden Residency offers flexibility, with applicants eligible through any one of seven qualifying routes, each with a minimum investment of OMR200,000, unless specified otherwise:

  1. Company establishment: Must be at least one year old, with the applicant’s stake in total assets valued at OMR200,000+.
  2. Real estate in ITCs: Ownership of completed residential, commercial, or tourism units with a title deed. If held through a company, a certified final balance sheet is required.
  3. Government development bonds: Bonds held in the applicant’s name with at least two years to maturity.
  4. Listed equities: Market value of publicly traded shares registered to the applicant must equal or exceed OMR200,000.
  5. Fixed bank deposit: OMR200,000+ placed in a local bank for five years, renewable throughout the residency term.
  6. Job creation: Ownership of a company employing at least 50 Omani nationals and capital exceeding OMR200,000.
  7. Foreign investment law companies: Companies registered under Oman’s foreign investment regime can nominate a partner or senior-level professional. More nominations are allowed as capital scales up.

Comprehensive residency benefits

The Golden Residency is structured to offer an appealing lifestyle and business-friendly perks, including:

  • Fast-track lanes at airports and border crossings.
  • Family inclusion, covering first-degree relatives without limit on number or age.
  • Real estate ownership rights beyond ITC zones, subject to legal restrictions; ownership is transferable.
  • Permission to employ up to three domestic workers.
  • Ability to issue visit visas for extended family members.

Residency holders will also have access to the Invest in Oman platform, which offers end-to-end services from business establishment to expansion.

Global outreach strategy

To ensure broad international participation, the government has partnered with Alam Al Hijrah (Migration World), a state-accredited investment migration consultancy established in 2007. With a global presence in over 60 locations across North America, Europe, Asia, the Middle East, and beyond, the firm is tasked with promoting the programme internationally.

Activities include digital marketing, participation in investor summits, and strategic alliances, all in coordination with MoCIIP.

“By linking residency to tangible financial inputs, like equity, bonds, real estate, and job creation, Oman is sending a clear message: it is open for serious, long-term business,” said a government spokesperson.

Elite companies programme launched

In parallel with the Golden Residency rollout, MoCIIP also introduced another reform-driven initiative: the Elite Companies programme.

Developed in collaboration with the Ministry of Labour, Tax Authority, Royal Oman Police, and the Oman Chamber of Commerce and Industry, the programme seeks to recognise and empower high-performing Omani companies.

Eligible companies will be classified into three categories based on governance, economic contribution, and operational efficiency. To qualify, a company must:

  • Be legally registered in Oman
  • Employ at least one Omani national
  • Comply with all relevant laws and regulations

Additional evaluation metrics include company age, revenue, export volume, Omanisation rate, and market presence.

The initiative aims to support these firms’ domestic and international growth, while fostering innovation, competitiveness, and a stronger Omani private sector.

Strategic vision for a new era

The dual launch of the Golden Residency and Elite Companies programmes marks a pivotal moment in Oman’s economic reform journey. By combining investor-friendly policies with incentives for local business excellence, Oman aims to build a resilient, diversified, and globally integrated economy.

“These programmes are not just policy shifts, they are strategic moves towards realising Oman Vision 2040,” said an MoCIIP official. “We are building the foundation for a thriving, innovative economy that competes on the world stage.”

UAE cyber body warns of rising breaches linked to public wi‑fi use

The council said insecure Wi‑Fi networks can facilitate “man-in-the-middle” attacks and redirections to fake sites, to the installation of spyware or malware

Gulf Business
Gulf Business

01 September, 2025

UAE cyber body warns of rising breaches linked to public wi‑fi use
Image: Getty Images/ For illustrative purposes

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The UAE Cyber Security Council (CSC) has issued a warning about the increasing risks of using open public wi‑fi networks after recording over 12,000 breaches through such connections since the start of the year, according to a recent report by state news agency, WAM.

According to the council, these incidents account for nearly 35 per cent of all cyberattacks reported in the UAE this year, underscoring the vulnerabilities posed by unsecured networks that hackers exploit to steal passwords, banking details, and personal information.

The CSC stressed the need for caution when connecting to free or untrusted Wi‑Fi, particularly in cafes, airports, and shopping centres, and urged users to adopt safety measures such as multi-factor authentication, trusted security tools, and the use of reliable virtual private network (VPN) applications.

Dr. Mohammed Al Kuwaiti, head of cyber security for the UAE government at the CSC, told WAM that under the directives of the country’s leadership, the council continues its efforts to build a secure cyber environment, strengthen trust in the digital ecosystem, and raise awareness around safe digital practices.

Building cyber resilience with three steps

To help users stay protected online, the council offered three key recommendations:

  1. Use a trusted VPN to encrypt digital connections.
  2. Enable “safe browsing” features in web browsers.
  3. Avoid logging in to sensitive accounts, such as banking or personal email, over public wi‑fi networks.

The CSC also noted that insecure wi‑fi networks can facilitate various types of cyber threats, from “man-in-the-middle” attacks and redirections to fake sites, to the installation of spyware or malware without users’ knowledge.

The council’s Cyber Pulse awareness campaign has returned this year on social media, marking its second edition, and is part of broader national initiatives to enhance cyber resilience and digital hygiene across both institutions and individuals.

Read: Cisco outlines 5 steps to boost cybersecurity in UAE healthcare sector

Dubai goes digital: New licensing system transforms airport security

It supports the objectives of the Dubai Economic Agenda D33 and reinforces international trust in Dubai’s aviation security framework

Gulf Business
Gulf Business

01 September, 2025

Dubai goes digital: New licensing system transforms airport security
Image credit: Dubai Media Office/ Website

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In a major step to enhance aviation security, the Dubai Civil Aviation Authority (DCAA), in collaboration with the Dubai Police General Command, has officially launched the Digital Security Screener Licensing System for all security screeners operating across Dubai’s airports.

The initiative is aligned with both national and international standards and reflects the shared commitment of the two entities to develop specialised competencies and ensure long-term sustainability in aviation security, a Dubai Media Office report said.

The launch ceremony was attended by top government officials, including Mohammed Abdulla Lengawi, Director General of the DCAA; Major General Harib Al Shamsi, Acting Commander-in-Chief of Dubai Police; Obaid Al Nuaimi, Executive Director of the Aviation Security and Accident Investigation Sector; and Ahmad Belqaizi, Executive Director of the Aviation Safety and Environment Sector. Also in attendance were Major General Marwan Julfar, Acting Assistant Commander-in-Chief for Port Affairs; Brigadier Hamed Al Hashmi, Acting Director of the General Department of Airport Security; and his deputy, Brigadier Hamad Bin Dilan, along with other senior officials.

Strengthening strategic partnerships and global standing

The system launch represents a broader strategic alignment between the DCAA and Dubai Police. It supports the objectives of the Dubai Economic Agenda D33 and reinforces international trust in Dubai’s aviation security framework. The initiative contributes to building a fully integrated ecosystem that aligns with the Government of Dubai’s vision of maintaining world-class safety standards and establishing Dubai as a premier global aviation hub.

Speaking at the ceremony, Mohammed Abdulla Lengawi emphasized the significance of adopting smart technologies and modern tools in aviation security.

“The launch of the Digital Security Screener Licensing System reflects our firm commitment to security compliance at the highest level,” he said. “This system enables the integration of smart technologies, enhancing both efficiency and effectiveness across the security framework. It also supports the sustainability of aviation security and reinforces Dubai’s position in the global aviation sector.”

Innovation and readiness: Cornerstones of aviation security

Major General Harib Al Shamsi also underscored the importance of a comprehensive and adaptive security strategy to ensure Dubai’s continued leadership in global aviation.

“Innovation is essential in responding to the rapid evolution of the aviation industry,” he noted. “Together with our strategic partners, we are committed to continuous development, through smart analysis tools, specialised training, and adoption of best practices, to maintain operational resilience and global competitiveness.”

The visit featured demonstrations of advanced security systems and digital technologies designed to support aviation operations in Dubai.

These systems are expected to play a vital role in reinforcing safety, improving efficiency, and aligning with long-term strategic goals.

This latest initiative not only highlights institutional cooperation between the DCAA and Dubai Police but also showcases Dubai’s continued investment in secure, innovative, and future-ready aviation infrastructure.

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