Aramco’s Venture Arm and Mubadala Back Dubai-Based Real Estate Fintech
While the industry of real estate crowdfunding has been around for a few years, Stake is a relatively new player, with origins dating back only to the year 2021. It gives a common man an opportunity to own real estate properties with a minimum investment of AED 500 enabling everyone to invest in quality properties that they could not afford before. Thus, using the concept of fractional ownership, Stake equalizes the opportunities for investing in real estate property, increases the level of transparency in the operation of the site, and accelerates its functioning.
Strategic Expansion and Investment
Stake’s latest funding round which features participation from Wa’ed Ventures and Mubadala will allow the firm to diversify into Saudi Arabia among other areas. This is in addition to a more generic expansion of Stake’s live-in-real-time global property investment goals. The company could not have chosen a better time to enter Saudi Arabia as the Kingdom has embarked on an ambitious Vision 2030 plan where it seeks to revolutionize the country’s economy and cities through massive investment in real estate.
The Role of Wa’ed Ventures and Mubadala
For instance, Wa’ed Ventures, the venture capital organ of Saudi Aramco has been recognized for making strategic investments in innovative companies as the kingdom strives to diversify its economy. Mubadala Investment Company headed in Abu Dhabi is an international player with its bag full of resources and experience. This support for Stake shows that there is potential for fintech solutions that will change how the real estate investments are done.
Using this new stream of funding Stake aims at expanding its operations, expand the product line and increase staff. By geared towards delivering technological advancements the company is set to break the real estate investment market cycle towards digital era. This is in line with Dubai’s vision to become a technology global city hub.