Stake Reaches AED 1 Billion in Property Transactions: A Game-Changer for Real Estate Investment
Real estate fintech platform Stake has recently crossed a major threshold, surpassing AED 1 billion in property transactions since its inception in 2021. This achievement is not merely a number; it represents a pivotal shift in how individuals engage with real estate investment, particularly in high-growth markets throughout the Middle East.
A Global Community of Investors
At the heart of Stake’s success is its extensive user base, comprising over one million individuals from more than 210 nationalities and 170 countries. This diverse community is shaping the future of property investments, as Stake facilitates over 250,000 investments in more than 420 properties located in Dubai. The demand for fractional ownership models is particularly pronounced in this dynamic environment, providing opportunities for everyday investors who might have previously felt excluded from the real estate market.
Seamless and Accessible Investment Opportunities
Licensed by the Dubai Financial Services Authority (DFSA), Stake operates with a commitment to transparency and ethical investment practices. With offices in the Dubai International Financial Centre (DIFC) and Riyadh, Stake offers Shariah-compliant investment opportunities in prime real estate, making it easier for investors to engage with the market. Entry points are as low as AED 500, democratizing the investment landscape and inviting a broader audience to partake in property ownership.
Expansion into Saudi Arabia
In 2024, Stake expanded its regional footprint by entering the Saudi Arabian market, becoming the first platform regulated by the Capital Market Authority (CMA) to allow non-Saudi investors to invest in real estate. In just five months, Stake successfully launched three private real estate funds in Riyadh, attracting over SAR 135 million in foreign direct investment. This initiative aligns closely with Saudi Arabia’s Vision 2030, which aims to diversify the economy and expand access to the real estate sector.
Vision for the Future
Rami Tabbara, Co-Founder and Co-CEO of Stake, described surpassing AED 1 billion in transactions as a pivotal milestone. However, he asserts that this is only the beginning. "We have democratised access to prime and high-growth real estate markets like Dubai and Riyadh," he stated, hinting at future product launches that are set to entice even more investors into these lucrative markets.
Commitment to Transparency and Innovation
Co-Founder and Co-CEO Manar Mahmassani emphasizes the role of transparency and regulatory alignment in Stake’s approach to investment. "This achievement reflects the global appetite for real estate as a wealth-building asset," he said, underscoring the company’s dedication to innovation that prioritizes the investor experience.
Major Backers and Diverse Portfolio
Stake benefits from the backing of significant investors, including Aramco’s Wa’ed Ventures, MEVP, Mubadala Investment Company, Republic, and Al Jomaih Holding. With a portfolio consisting of over 420 assets, Stake remains at the forefront of innovation in the digital real estate investment space, continually evolving to meet the needs of its diverse investor base.
This remarkable journey not only highlights Stake’s significant accomplishments but also sets the stage for exciting developments in the realm of real estate investment across the Middle East.
