Dubai-based real estate investment Platform, STAKE raised $4 Million Seed Funding - MENA startups, innovation, and tech news

Blog

Dubai-based real estate investment Platform, STAKE raised $4 Million Seed Funding
Funding

Dubai-based real estate investment Platform, STAKE raised $4 Million Seed Funding

TheStake, a Dubai-based Real Estate venture platform has recently declared that it has brought $4Million as seed funding round that has been directed by Combined Growth Real Estate, a company accompaniedby Amer Hammour,the Founder and Chairman of the Madison Marquette, a US-based Real Estate stake regulation company with $6 billion of assets under the administration and an associator of the Capital Guidance Group.

Stake is a Dubai-based digital Real Estate investment platform. The significant function played by the company is to provide the most lucid and unambiguous pathways to invest in profit-making properties in Dubai. The objective is to modernize the financial way of thinking and mindsets of people who are investing in Real Estate. This is to be achieved by making it accessible and profitable to all.

It is the right time to ensure great profits and returns, irrespective of the investment through the digital platform of Stake. The company bestows the investors withunlimited access to district and global Real Estate. This will eventually permit them to make returns from trades, that were not accessible by themformerly or just couldn’t afford to be part of due to the big resources required. The Stake is available and accessible by all those who are looking for a great and safe platform to invest their money with balanced returns where the process is translucent and lucid to avail.

TheStake has already deranged the UAE’s real estate investment market after its inauguration in December 2020.The company allows its customers to search and review the selection of properties and invest from as small as AED 2,000 (US$545) via the digital marketplace. Stake’s primary focus lies on locations that have a peculiarly high rental demand, which gradually drives considerable capital admiration for long-term investments.

STAKE AND ITS ASSOCIATES

The stake company has also been fascinated by many other prominent companies such asVivium Capital, a Dubai based private family office in addition to Verve Ventures, Lama Holding from Riyadh, Mishaal Alireza a Saudi Arabian angel investor, and shareholders of the UK’s Chalgrove Properties Limited, who are the developers of the tallest residential tower in Western Europe, Landmark Pinnacle in London. A regional family office Vivium Capital, European VC Verve Ventures, Riyadh-based Lama Holding, Saudi private backer Mishaal Alireza, and the investors of United Kingdom’s Chalgrove Properties Limited additionally took part in the arrangement. The lead financial backer is an organization driven by Amer Hammour, author and administrator of Madison Marquette, a US-based Real Estate investment board organization with $6B of resources under administration.

WHAT THE FOUNDERS & CO-FOUNDERS SAY

The co-founder of Stake, Rami Tabbara stated that “Our shareholders believe that in today’s world there is a much better way of investing in real estate. Through Stake, we will enable anyone to participate in this asset class in an easy, transparent, and digital way. This fundraising allows us to build the go-to digital real estate investment platform for Dubai property and eventually the region. We are focused on bringing the best property investment deals to our clients.”

Manar Mahmassani, co-founder of Stake, in addition to the above statement quoted that “When we launched Stake, we made clear our goal to democratise real estate investment and remedy to ills of Dubai’s property market, which prevented the young from participating and delivered unattractive returns for experienced investors. Our shareholders believe in our vision for a world where real estate is a completely liquid and fully accessible investment asset class, available to everyone looking to preserve and grow their wealth. With this fundraise, we can accelerate our journey to radically improve the real estate investment market and bring this tangible asset into the new digital age.”

Amer Hammourthe prominent Head of Combined Growth Real Estate and Chairman of Madison Marquette commented that “The Dubai residential property investment market offers very attractive opportunities to investors for growth in value and strong current income, as the current high supply gets absorbed by the very strong demand. Stake allows investors to participate directly in this market and make diversified bets on properties through partial ownership deals. Mr Tabbara and MrMahmassani’s extensive and long background in Dubai property and financial investments, and the fantastic team they’ve put together, will ensure that investors will have access to the best underwritten and vetted opportunities, and the highest quality investment management of their assets. We believe that Stake will create an online engine that will allow investors access to different property types in Dubai, the UAE, and beyond. It is poised to become the investment channel of the future. We are proud to participate in Stake’s development and to be a long-term strategic partner in the development of the company.”

Moreover, Stake being a successful companyacquires the property for the profit of financial backers and leases it. Each financial backer gets their part of the profitscongregated from the lease in their Stake wallet consistently. They can pull out the cash or put it in different properties on the platform.

Related posts

Leave a Reply

Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.