A total of $31 million (Dh113.7 million) has been raised in a Series B funding round by real estate investment platform Stake. The round was reported to have been oversubscribed, reflecting strong institutional demand.
Equity stakes were acquired by Emirates NBD, Mubadala Investment Company, Property Finder, and Ellington Properties, alongside participation from regional venture capital firms.
It was stated that the newly secured capital will be allocated toward expansion in Saudi Arabia, where operational capabilities are expected to be strengthened and offerings scaled.
Since its establishment, more than 500 properties have been financed through Stake, with over Dh1.4 billion in real estate transactions recorded. The Virtual Assets Regulatory Authority has also granted an in-principle approval for regulated tokenisation initiatives.
