Dubai-based real estate investment platform Stake launched a private real estate development fund in Saudi, Asharq Business reports. The fund is being rolled out through its app, opening up Riyadh-based investments for both local and international investors.

Who’s involved? The fund is being launched in partnership with Tharawat Financial, who will act as fund manager, Rasf Investment (developer), and Mawan Real Estate (project manager).

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

Background: Stake previously said it plans to invest SAR 1 bn in Saudi real estate in 1H 2025. Reports indicated the platform was 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.

Since launching in 2021, Stake has facilitated over AED 1 bn in property transactions and more than 250k investments across over 420 properties in Dubai, Arabian Business reports. The platform enables fractional real estate ownership starting from AED 500 and is the first Capital Market Authority-regulated tool that allows international investors to access the Saudi real estate market. 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 (MEVP).

Looking ahead, Stake plans to introduce more investment products across Dubai and Riyadh in the coming six months, with an eye on scaling investor participation, according to Co-CEO Rami Tabbara.

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