Dubai real estate investors can secure ownership in luxury properties in the city for as little as AED 500 ($136) following the inclusion of Stake, a real estate investment platform, into the Real Estate Evolution Space Initiative (REES), announced by the Dubai Land Department.
REES aims to establish Dubai as a global leader in real estate technology and artificial intelligence.
This initiative seeks to broaden property accessibility and ownership opportunities, while also enhancing community awareness regarding the benefits of collective investment in the sector.
Dubai Land Department collaborates with Stake on real estate initiative
Stake, a local company launched in Dubai and expanding globally, offers a fully integrated digital experience. This contributes to digitising purchasing and selling processes, thereby leading the global digital transformation and democratising real estate, making such investments accessible to all.
Eng. Marwan bin Ghalita, Acting Director General of the Dubai Land Department, commented: “We are pleased 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.”
“In our continuous effort to encourage investment in the sector, we embrace modern digital technologies, viewing digitisation as a fundamental pillar of real estate growth in Dubai.”
“Our visionary leadership has always aimed to position Dubai as a global model of digital transformation, launching numerous initiatives and projects to usher in a new era. We are dedicated to fostering an environment conducive to investment and innovation, utilising technology to enhance sector readiness, sustainability, growth, and progress.”
Co-Founder and Co-CEO of Stake, Rami Tabbara, added: “We are thrilled to partner with the Dubai Land Department to transform real estate transactions. At Stake, our mission is to make real estate borderless, accessible, and liquid for everyone, both locally and globally.”
“This aligns perfectly with the new REES initiative, promoting innovation and accessibility in the real estate market.”
“Established in 2021 during the COVID-19 pandemic, the Stake platform aims to bring about change that aligns with that period by offering the best real estate opportunities with the highest investment potential.”
“Through the app, anyone can create a global real estate portfolio within minutes and begin generating lifelong income to achieve their ambitious goals. The platform enables investment in real estate with a minimum stake of only AED 500 ($136), while managing all investor transactions from investment to exit, distributing monthly rental income and capital appreciation returns directly into the investor’s Stake investment wallet.”
“As part of this partnership, the Stake platform will host a masterclass workshop for Emiratis titled ‘Invest for Tomorrow’ on Wednesday, July 3, 2024.”
“The aim is to equip participants with fundamental skills in financial management and intelligent investing. The workshop will demonstrate how to transform daily financial practices into effective strategies for wealth-building and achieving financial independence.”
Topics covered will include:
- Mastering the basics of financial management
- Implementing smart investment strategies
- Generating passive income
- Planning for a secure financial future
“Dubai Land Department launched the Real Estate Evolution Space Initiative – ‘REES’ in support of Dubai’s Economic Agenda D33 and its ambition to become a major innovation hub. It is considered the most significant initiative in the region within the realm of real estate innovation. The initiative aims to support and attract companies specialising in real estate technology from Dubai, while showcasing the most prominent PropTech solutions that align with both local and global markets.”
