Error while initializing Docker on Mac High Sierra due to VirtualBox

I am trying to create initializing Docker on my local machine (Mac, High Sierra):

docker-machine create default

This step is failing with following error:

(default) Creating VirtualBox VM...
(default) Creating SSH key...
(default) Starting the VM...
(default) Check network to re-create if needed...
(default) Creating a new host-only adapter produced an error: /usr/local/bin/VBoxManage     hostonlyif create failed:
(default) 0%...
(default) Progress state: NS_ERROR_FAILURE
(default) VBoxManage: error: Failed to create the host-only adapter
(default) VBoxManage: error: VBoxNetAdpCtl: Error while adding new interface: failed to     open /dev/vboxnetctl: No such file or directory
(default) VBoxManage: error: Details: code NS_ERROR_FAILURE (0x80004005), component     HostNetworkInterfaceWrap, interface IHostNetworkInterface
(default) VBoxManage: error: Context: "RTEXITCODE handleCreate(HandlerArg*)" at line 71 of     file VBoxManageHostonly.cpp
(default) 
(default) This is a known VirtualBox bug. Let's try to recover anyway...
Error creating machine: Error in driver during machine creation: Error setting up host only     network on machine start: The host-only adapter we just created is not visible. This is a well     known VirtualBox bug. You might want to uninstall it and reinstall at least version 5.0.12 that         is is supposed to fix this issue

Has anyone faced this issue before?