Dubai-based fractional property investment platform Stake has secured $31 million in Series B funding, bringing its total capital raised to $58 million, as it accelerates expansion across Saudi Arabia and the United Arab Emirates and increases investment in artificial intelligence and tokenization technology.
The latest funding round was led by Emirates NBD PJSC, described as the Gulf’s third-largest bank by market value. Returning investors included Mubadala Investment Co., Saudi Aramco’s venture capital arm Wa’ed Ventures, and Middle East Venture Partners. Additional participants were Mena Venture Capital Fund, Property Finder, STV NICE, GFH Partners, and Ellington Properties, according to co-founder Rami Tabbara.
Funding to Support Technology and Product Expansion
As reported by Bloomberg, Tabbara said in an interview that proceeds from the round will be directed toward expanding the company’s spending on AI and tokenization initiatives. The firm also plans to develop new products to broaden the range of properties available on its platform, including commercial and retail assets.
Stake operates a fractional ownership model that allows users to invest in property through its digital platform. The company said it now serves more than two million users representing over 211 nationalities across 181 countries. The user growth follows its expansion beyond Saudi Arabia and into the U.S. real estate market.
Neeraj Makin, group head of strategy, analytics, and venture capital at Emirates NBD, said real estate remains a core component of global investment portfolios but noted there is room to improve how investors access and gain transparency into such assets. He added that Stake’s technology and regulatory infrastructure are designed to streamline these processes.
Saudi Arabia Identified as Key Growth Market
Saudi Arabia remains the company’s primary focus for expansion. In the fourth quarter of 2024, Stake became the first regulated investment platform to open the Kingdom’s property market to global investors. Since that launch, the company has closed three real estate funds in Saudi Arabia, drawing 6,930 international investors and channeling more than SAR 416 million into the local real estate sector.
Manar Mahmassani, co-founder and co-CEO, said the new funding will enable Stake to expand its local capabilities in the Kingdom and scale its offering regulated by the Capital Market Authority. She stated that the company aims to support efforts to broaden foreign investment participation in Saudi Arabia’s property market.
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