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RIYADH: 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 ....
December 21, 2020 @ 10:19 pm By Omar Faridi A Dubai-based real estate-focused Fintech firm is planning to offer local investors an opportunity to invest in the property market with as little as 2,000 AED (appr. $544). Stake, which is supported by a Saudi national, is currently based in the Fintech Hive which is located in the Dubai International Financial Center (DIFC). The company has been launched by co-founder Rami Tabbarra, a former SVP of Sales at developer DAMAC. Manar Mahmassani, a former MD at Falcon Group and VP at Deutsche Bank, is also a co-founder. As first reported by Arab News, Stake lets traders and investors purchase shares in properties based in Dubai. They’re able to earn returns when quarterly dividends are distributed. People can start investing with only 2,000 dirhams and may acquire as much as 33% or a third of the shares in any property listed. ....
DUBAI: A new Dubai real estate fintech startup, which is being backed by a Saudi national, is aiming to offer investors the chance to get on the property ladder from as little as 2,000 dirham ($544). Launching today, Stake is based in the FinTech Hive in the Dubai International Financial Center (DIFC). 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. Stake allows investors to buy shares in a property in Dubai and earn regular returns in the form of quarterly dividends. The entry level for investors is 2,000 dirham, all the way up to a third of the value of an individual property. ....