Dubai, UAE — Global property payments platform Redpin, backed by a USD $170 million investment from Blackstone, has received in-principle approval from the Dubai Financial Services Authority (DFSA) to process payments in the United Arab Emirates, marking a significant milestone in the company’s regional expansion strategy.
The approval enables Redpin to extend its property payment services across the UAE’s rapidly growing real estate developer ecosystem and supports the launch of “Redpin Platform,” the company’s dedicated payment infrastructure for property developers.
Redpin Platform is designed to digitise traditionally manual and high-risk property payment processes by offering secure, fast, and end-to-end payment solutions for developers and their clients. The platform is expected to reduce the time and resources developers spend reconciling payments and currencies, while also lowering foreign exchange costs and enhancing payment security for consumers.
The move aligns with the Dubai Land Department’s broader ambition to increase real estate transaction volumes by 70% by 2033, highlighting the UAE’s continued focus on attracting innovative financial technology companies.
Redpin said its long-term commitment to the UAE mirrors the confidence shown by major international firms such as Goldman Sachs and Blackstone, both of which continue to invest heavily in the region amid strong economic fundamentals and sustained real estate growth.
Dubai’s property market has continued to demonstrate resilience despite ongoing global economic uncertainty. According to Dubai Land Department data, total real estate transactions in Dubai reached AED 68.56 billion (approximately USD $18.7 billion) in April 2026, representing an increase of more than 20% compared to March. Although transaction activity eased in May to AED 40.63 billion across 12,879 deals, the market remained heavily concentrated in off-plan developments and prime communities, sectors that represent a core focus for Redpin.
The company stated that Redpin Platform is built on payment infrastructure that has already processed more than USD $138 billion in lifetime transaction volume globally.
Arnaud Loiseau, Chief Executive Officer of Redpin, said the DFSA approval reflects the company’s long-term commitment to the UAE market.
“This latest in-principle approval from the DFSA is testament to the long-term commitment Redpin has made to the United Arab Emirates,” Loiseau said.
“Redpin’s focus on delivering an outstanding service for developers and consumers alike is a key differentiator in a fast-paced international market like the United Arab Emirates. Our in-principle approval with the DFSA is a clear example of the ambition that Redpin has in supporting the UAE’s aggressive growth goals.”
Pia Hauch, General Manager for UAE at Redpin, described the approval as a major step forward for the company and its international client base.
“Cross-border payments remain one of the most fragmented processes in global financial services, and real estate transactions are where that friction is felt most acutely,” Hauch said.
“The UAE’s extraordinary growth trajectory has created the perfect conditions for a new infrastructure standard, one that matches the ambition of the market itself.”
“Receiving in-principle approval from the DFSA marks a pivotal moment for Redpin and for the international investors and partners we serve.”
