Dubai, June 20, 2024 – The Dubai Land Department (DLD) has announced the inclusion of the ‘Stake‘ real estate investment platform into its Real Estate Evolution Space Initiative (REES).
This initiative aims to position Dubai as a global leader in real estate technology and artificial intelligence, expanding property accessibility and ownership opportunities while increasing community awareness about the importance of collective investment in the sector.
As a locally launched company now expanding globally, ‘Stake’ offers a fully comprehensive digital experience, digitizing buying and selling procedures and leading the global digital transformation process. This democratization of real estate investment makes it accessible to everyone.
Promoting Effective Partnerships and Pioneering Digital Infrastructure
His Excellency Eng. Marwan bin Ghalita, Acting Director General of the Dubai Land Department, expressed his enthusiasm for the partnership: “We are delighted to welcome a leading local platform dedicated to finance and investment in the real estate sector to the innovative REES initiative.
This underscores our commitment in Dubai to provide a supportive infrastructure for real estate innovations and enhance the competitiveness of local PropTech companies.”
He continued, “In our relentless pursuit to encourage and stimulate investment in the sector, we consistently embrace modern digital technologies, believing that digitization is now a fundamental pillar of real estate growth in Dubai.
Our visionary leadership has always focused on making Dubai a global model of digital transformation, launching numerous initiatives and projects to usher in a new era in this journey.
In turn, we are committed to providing a nurturing environment for investment and innovation and leveraging technology to enhance the sector’s readiness, sustainability, growth, and progress.”
Stake’s Role in Revolutionizing Real Estate Transactions
Rami Tabbara, Co-Founder & Co-CEO of Stake, shared his excitement about the partnership: “We are excited to partner with the Dubai Land Department to revolutionize real estate transactions.
At Stake, our mission is to make real estate borderless, accessible, and liquid for everyone, both in Dubai and globally. This aligns perfectly with the new REES initiative, driving innovation and accessibility in the real estate market.”
Offering Prime Real Estate Opportunities
Established in 2021 during the COVID-19 pandemic, the ‘Stake’ platform aims to provide the best real estate opportunities with the highest investment potential.
Through its app, anyone can create a global real estate portfolio within minutes and start generating lifelong income. The platform allows investment in real estate with a minimum stake of only AED 500, managing all investor transactions from investment to exit, and distributing monthly rental income and capital appreciation returns directly into the investor’s ‘Stake’ investment wallet.
Empowering Emirati Investors
As part of this partnership, the ‘Stake‘ platform will conduct a masterclass workshop for Emiratis titled ‘Invest for Tomorrow’ on Wednesday, July 3, 2024. The goal is to equip participants with fundamental skills in financial management and intelligent investing.
This workshop will cover topics such as mastering the basics of financial management, implementing smart investment strategies, generating passive income, and planning for a secure financial future.
About REES and Dubai’s Vision
The Dubai Land Department launched the Real Estate Evolution Space Initiative (REES) in support of Dubai’s Economic Agenda D33 and its ambition to make Dubai a major innovation hub.
REES is considered the most significant initiative in the region for real estate innovation, designed to support and attract companies specializing in real estate technology from Dubai while highlighting prominent PropTech solutions that align with both local and global markets.
