Stake, a real estate investment platform based in Dubai and Riyadh, has launched its first private real estate development fund in Saudi Arabia.

The fund is located in Riyadh’s Al Malqa district, near major commercial and government zones including the King Abdullah Financial District and the Diplomatic Quarter.

It is fully Shariah-compliant and open to both local and international investors, with a minimum investment of SAR 500.

This development is part of Stake’s broader regional expansion following its entry into the Saudi market in early 2024.

The platform became the first regulated by Saudi Arabia’s Capital Market Authority (CMA) to offer non-Saudi investors access to the Kingdom’s real estate sector.

Within five months of launching in the country, Stake introduced three private real estate funds, attracting over SAR 135 million in foreign direct investment from investors in more than 70 countries.

Backed by entities including Tharwat for Wealth Management, Rasaf Investment, and Mawan Real Estate, the new Riyadh-based fund positions Stake as a key player in supporting Saudi Arabia’s Vision 2030 agenda to diversify its economy and expand foreign participation in real estate.

The fund launch comes as Stake also surpasses AED 1 billion in real estate transactions since its launch in 2021.

The platform has facilitated over 250,000 individual investments across more than 420 properties, primarily in Dubai, with a user base of over one million individuals across 170 countries.

Featured image credit: Stake