Arab Press

بالشعب و للشعب
Sunday, Oct 05, 2025

Saudi-backed real estate startup in talks to expand into KSA

Saudi-backed real estate startup in talks to expand into KSA

Stake, a Dubai-based financial technology (fintech) and real estate investment platform backed by Saudi investors, is in talks to expand into Saudi Arabia.
Launched in December 2020 to disrupt the region’s real estate investment market, Stake is based in the FinTech Hive in the Dubai International Financial Centre. It was established by co-founders Rami Tabbarra, a former senior vice president of sales at developer DAMAC, and Manar Mahmassani, a former managing director at Falcon Group and vice president at Deutsche Bank.

The company allows investors to buy shares in a property and earn regular returns in the form of quarterly dividends. The entry-level for investors is 2,000 dirham ($544), all the way up to a third of the value of an individual property.

Stake announced on Tuesday that it has raised $4 million in a seed funding round led by Combined Growth Real Estate, a company led by Amer Hammour, founder and chairman of Madison Marquette, a US-based real estate investment management company.

It also attracted participation from Dubai-based private family office Vivium Capital, Zurich-headquartered venture capital firm Verve Ventures, UK-based Chalgrove Properties Limited, Riyadh-based Lama Holding and Mishaal Alireza, a Saudi Arabian angel investor.

Alireza told Arab News: “I am very proud to have supported Stake since their launch. Their proposition is bringing positive change to the real estate market by propelling it to the digital age and by creating an all-inclusive real estate proposition for investors in the region and abroad. I look forward to seeing them play an important role in the real estate and fintech market across Saudi Arabia and the Gulf.”

Stake currently operates in Dubai, but it is planning to use the new funding to expand into Saudi Arabia, co-founder Tabbarra told Arab News.

“We are already in talks with Saudi-based real estate developers on how we can partner in bringing Stake to the Kingdom. With all the positive changes that are happening at record speed, we believe that this is the best time to launch a product like Stake in Saudi Arabia,” he said.

“We have the perfect ingredients to make our entry into the market successful. The population has a 92 percent smartphone penetration rate and an affinity to property investment, and the government’s Vision 2030 supports increasing property supply and ownership,” he added.

Stake will use the funds to scale and enhance the platform by introducing new products and features, invest in sales and marketing, and expand its current workforce of 15 employees.

Commenting on Saudi expansion in December last year, Tabbarra said: “Saudi Arabia is a big market for us. We believe there is huge potential there.”

Since launching five months ago, Stake has attracted over 4,000 registered users from 54 different nations and is seeing a 30 percent month-on-month increase in average sales. As well as expanding into Saudi Arabia, Stake is also eying a move into the UK market.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Archaeologists Recover Statues and Temples from 2,000-Year-Old Sunken City off Alexandria
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
Nvidia and Abu Dhabi’s TII Launch First AI-&-Robotics Lab in the Middle East
UK, Canada, and Australia Officially Recognise Palestine in Historic Shift
Dubai Property Boom Shows Strain as Flippers Get Buyer’s Remorse
JWST Data Brings TRAPPIST-1e Closer to Earth-Like Habitability
UAE-US Stargate Project Poised to Make Abu Dhabi a Global AI Powerhouse
Saudi Arabia cracks down on music ‘lounges’ after conservative backlash
Saudi Arabia Signs ‘Strategic Mutual Defence’ Pact with Pakistan, Marking First Arab State to Gain Indirect Access to Nuclear Strike Capabilities in the Region
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Kuwait opens bidding for construction of three cities to ease housing crunch.
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
Could AI Nursing Robots Help Healthcare Staffing Shortages?
Turkish authorities seize leading broadcaster amid fraud and tax investigation
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Big Oil Slashes Jobs and Investments Amid Prolonged Low Crude Prices
Social Media Access Curtailed in Turkey After CHP Calls for Rallies Following Police Blockade of Istanbul Headquarters
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Tether Expands into Gold Sector with Profit-Driven Diversification
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
Israeli Airstrike in Yemen Kills Houthi Prime Minister
After the Shock of Defeat, Iranians Yearn for Change
YouTube Altered Content by Artificial Intelligence – Without Permission
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Trump Backs Putin’s Land-for-Peace Proposal Amid Kyiv’s Rejection
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
United States Sells Luxury Yacht Amadea, Valued at Approximately $325 Million, in First Sale of a Seized Russian Yacht Since the Invasion of Ukraine
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
×