‘Stake’ Digital Platform teams up with Dubai Land Department’s groundbreaking ‘REES’ initiative to revolutionize the real estate landscape
Dubai Land Department has announced the inclusion of the ‘Stake’ real estate investment platform in the Real Estate Evolution Space Initiative (REES). REES is designed to position Dubai as a global real estate technology and artificial intelligence leader. This step aims to expand property accessibility and ownership opportunities for everyone while increasing community awareness about the importance of collective investment in the sector.
As a local company launched in Dubai and expanding globally, ‘Stake’ provides a fully comprehensive digital experience. This contributes to digitising buying and selling procedures, thereby leading the global digital transformation process and democratising real estate, making such investment accessible to everyone.
Effective partnerships and pioneering digital infrastructure
His Excellency Eng. Marwan bin Khalifa, Acting Director General of the Dubai Land Department, said: “We are delighted 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.”
He added: “In our relentless pursuit to encourage and stimulate investment in the sector, we consistently embrace modern digital technologies, believing that digitisation is now a fundamental pillar of real estate growth in Dubai. Our visionary leadership has always focused on making Dubai a global digital transformation model, launching numerous initiatives and projects to usher in a new era in this journey. In turn, we are committed to providing a nurturing environment for investment and innovation and leveraging technology to enhance the sector’s readiness, sustainability, growth, and progress.”
Co-founder and co-CEO of Stake, Rami Tabbara, said, “We are excited to partner with the Dubai Land Department to revolutionise real estate transactions. At Stake, our mission is to make real estate borderless, accessible, and liquid for everyone in Dubai and globally. This aligns perfectly with the new REES initiative, driving innovation and accessibility in the real estate market.”
The Best Real Estate Opportunities with the Highest Investment Potential
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. Using the app, anyone can create a global real estate portfolio within minutes and start generating lifelong income to achieve their goals. The platform enables investment in real estate with a minimum stake of only AED 500 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 conduct a masterclass workshop for Emiratis titled ‘Invest for Tomorrow’ on Wednesday, July 3, 2024. The goal is to equip participants with fundamental skills in financial management and intelligent investing. This workshop will demonstrate how to transform daily financial practices into practical strategies for wealth-building and attaining 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—to support Dubai’s Economic Agenda D33 and its ambition to make Dubai a central innovation hub. REES is considered the region’s most significant field of real estate innovation. It is designed to support and attract companies specialising in real estate technology from Dubai, highlighting the most prominent PropTech solutions that align with local and global markets.