Saudi Aramco, Mubadala Boost Dubai's Real Estate Sector With $14M Stake Investment

Stake, a Dubai-based digital platform for real estate investment, has successfully raised $14 million in its Series A funding round. The investment was led by Saudi Aramco‘s venture capital arm and Abu Dhabi’s sovereign wealth fund, Mubadala Investment Co.

Stake, which employs a fractional ownership model, allows property investments starting from 500 dirhams ($136). The platform boasts over 500,000 users, with 50% of them being from outside the United Arab Emirates. The firm aims to become the first platform to enable individuals outside the kingdom to invest in the local real estate market.

Co-founder Manar Mahmassani expressed optimism about the Saudi market, citing “huge tailwinds from pent-up demand from the local population and opening up to foreign ownership.” The company plans to triple its headcount in the kingdom to 15 by the end of the year.

Since its launch in 2021, Stake has raised $13 million from seed and pre-Series A funding. The company has so far acquired over 200 properties worth 355 million dirhams, according to the statement.

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