Dubai-based real estate investment platform Stake launched a private real estate development fund in Saudi, Asharq Business reports, citing a company statement. The fund is being rolled out through the Stake Saudi Arabia app, opening up Riyadh-based shariah-compliant investment prospects for both local and international investors.

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The details: The fund offers investment in a mixed-use development spanning 60k sqm in Riyadh’s upscale Al Malqa district. The site will include a hotel, serviced apartments, commercial offices, and retail outlets.

The partners: The fund is being launched in partnership with Tharawat Financial as the fund manager, Rasf Investment as the developer, and Mawan Real Estate as the project manager.

Stake has previously signaled its expansion plans for the Kingdom, announcing plans to invest SAR 1 bn in Saudi real estate in 1H 2025. The platform has reportedly been in talks with Al Rajhi Seventh to acquire a commercial property in North Riyadh as the fund’s initial asset. Stake has also partnered with Mulkia Investment to manage future funds in the country.

About Stake: The platform launched in Saudi Arabia in 2024, becoming the first Capital Market Authority-regulated vehicle that allows international investors to access the Saudi real estate market. The company raked in more than SAR 135 mn across three private real estate funds in Riyadh from investors in over 70 countries, Arabian Business reports. It is backed by major institutional investors, including Mubadala Investment Company, Aramco’s Wa’ed Ventures, Al Jomaih Holding Group, and Middle East Venture Partners.

LOOKING AHEAD- Stake plans to introduce more investment products across Riyadh and Dubai in the coming six months, with an eye on scaling up investor participation, Co-CEO Rami Tabbar said.

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