Stake, the leading digital platform for real estate investment, has raised $14 million in a Series A funding round. This significant milestone was achieved with the backing of Middle East Venture Partners (MEVP), Aramco’s Wa’ed Ventures, Mubadala Investment Company, and Republic, a prominent US-based private investing platform.
Since its launch in 2021, Stake has made notable advancements in the Dubai real estate market, drawing in over 500,000 users. The platform’s unique approach allows global investors to engage in fractional ownership of properties, with an entry point as low as AED 500. To date, Stake has facilitated the sale of over 200 properties worth AED 355 million, with more than half of its investors hailing from outside the UAE.
With the fresh influx of capital, Stake is poised to extend its operations into Saudi Arabia later this year. This expansion marks a significant move as Stake becomes the first platform to allow individuals outside the Kingdom to invest in Saudi real estate opportunities.
In May 2024, the platform surpassed 100,000 transactions, solidifying its role as a transformative force in the MENA region’s financial and real estate sectors.
The Saudi market, recognised for its substantial growth potential, presents vast opportunities for real estate fintech companies. Forecasts indicate a six per cent growth in Saudi Arabia’s economy by 2025, positioning it as one of the fastest-growing G20 economies.
Rami Tabbara, Co-Founder and Co-CEO of Stake, expressed his enthusiasm about the funding round, stating, “We are grateful for the trust our top-tier investors have placed in Stake. Their support reinforces our commitment to expanding our product offerings and providing prime investment opportunities to our investors. We believe in fully digitising the real estate investment process and are just beginning to realize our vision of making real estate accessible, transparent, borderless, and liquid.”
Co-CEO Manar underscored the strategic importance of entering the Saudi market: “The Kingdom is expected to grow by six per cent in 2025, making it one of the fastest-growing G20 economies. We aim to offer our local and international users the chance to invest early and benefit from this growth. This funding round marks a pivotal moment as we expand into this dynamic market and partner with some of the region’s strongest institutional and sovereign investors.”
Walid Mansour of MEVP highlighted the company’s achievements: “We’re thrilled to back Stake in their Series A round. Their accomplishments over the past three years are remarkable. Their innovative approach to real estate investment and our strategic funding will drive their continued success in the region.”
Earlier this year, Stake was recognised as a Rising Star on the Deloitte Technology Fast 50 list for the Middle East. In addition to the Series A funding, Stake recently announced a strategic partnership with Republic, a US-based unicorn investment platform. This collaboration aims to provide investors in the US and UK unprecedented access to the burgeoning real estate markets in the UAE and Saudi Arabia.
