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Dubai-based real estate investment platform Stake raised USD 31 mn in a Series B round led by Emirates NBD to fuel its expansion plans, according to a press release. The round saw participation from Mubadala’s MENA VC Fund, Dubai-based Middle East Venture Partners, Ellington Properties, and GFH Partners. Saudi’s STV Nice, Wa’ed Ventures, and Property Finder also took part. This new funding brings Stake’s total capital raised to USD 58 mn.
Where will the money go? The capital will be used to increase investments in Saudi Arabia, expand local capabilities, and accelerate Stake’s international strategy, co-founder Manar Mahmassani said. The firm closed three real estate funds in the Kingdom so far, channeling over SAR 416 mn (c. USD 110.9 mn) into projects. It also launched into the US industrial real estate market last year as part of its foreign expansion plan. The firm was reportedly aiming to invest SAR 1 bn in Saudi’s real estate market last year.
What’s next? Stake is moving toward regulated real estate tokenization, together with Property Finder, which acquired an undisclosed equity stake in Stake last October, also giving the startup a capital injection. The startup has already received in-principle approval from Dubai’s Virtual Assets Regulatory Authority (VARA) for the move.
The funding comes at a time when real estate tokenization is taking off in the UAE. The Dubai Land Department (DLD) this week plans to launch the second phase of its real estate tokenization initiative, allowing secondary-market trading of tokenized property interests starting Friday. The first phase, launched in March under DLD’s REES innovation initiative, focused on tokenizing title deeds. Authorities later signaled plans to widen the model — including non-resident participation, off-plan assets, and digital-currency payments — positioning tokenization to scale beyond a sandbox.
About the company: Founded in 2020 by Rami Tabbara (LinkedIn), Mahmassani (LinkedIn), and Ricardo Brizido (LinkedIn), the digital real estate investment platform is designed to facilitate investments from overseas investors into local real estate. It allows users to co-invest in properties by placing fractional investments starting from AED 500.
