Stake Launches SAR 50M Real Estate Fund to Tap Saudi Market
Stake, the Dubai-based digital real estate investment platform, has successfully launched its first real estate fund in Saudi Arabia, raising SAR 50 million to invest in income-generating properties across the Kingdom. This move signifies a major expansion for Stake into the region's largest market.
Key Details
The newly launched Stake Saudi Real Estate Fund I is a closed-ended investment fund specifically targeting retail investors in Saudi Arabia. Managed in partnership with licensed fund manager Anfaal Capital, the fund received approval from the Capital Market Authority (CMA) in the Kingdom.
The fund was fully subscribed, raising its target of SAR 50 million.
It will invest in income-generating real estate assets located in key Saudi cities such as Riyadh, Jeddah, and potentially others.
The partnership with Anfaal Capital provides the necessary local regulatory compliance and market expertise.
Implications
Stake's entry into Saudi Arabia with a dedicated fund underscores the significant growth potential of the KSA real estate market and the increasing demand for accessible investment opportunities. For MENA founders and professionals, this provides a regulated avenue to diversify their portfolios by investing in Saudi real estate through a familiar digital platform. The focus on income-generating properties suggests a strategy aimed at providing regular returns to investors, aligning with the growing interest in stable asset classes within the Kingdom's dynamic economic landscape driven by Vision 2030.
About Stake
Founded in 2020, Stake is a digital platform that democratizes real estate investment by allowing users to buy fractional ownership in properties. Headquartered in Dubai, the company has been instrumental in making real estate investment more accessible to retail investors in the UAE and is now expanding its footprint across the MENA region.
Looking Ahead
The successful launch and full subscription of its first Saudi fund position Stake for further growth within the Kingdom. This initial fund focusing on core real estate assets in major cities is likely the first step in Stake's broader strategy to tap into the vast Saudi market and offer more diverse investment opportunities to its growing investor base in the region.
Source: Fintechnews.ae