The Dubai Land Department (DLD) has announced the inclusion of the establish real estate investment platform in the Real Estate Evolution Space Initiative (REES). This allows real estate investors in Dubai to establish a claim in luxury properties in the city for as little as AED500 ($136).
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.
Dubai Land Department partners with Stake on real estate initiative
As a local company founded in Dubai and expanding globally, Stake provides a complete digital experience. This contributes to digitizing buying and selling processes, guiding the global digital transformation process and democratizing real estate, making such investment available to everyone.
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.
“In our relentless pursuit to encourage and stimulate investment in the sector, we consistently embrace modern digital technologies, believing that digitization 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 revolutionize 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.
Founded in 2021 during the COVID-19 pandemic, the Stake platform strives to bring about change that aligns with that time by offering the best real estate possibilities with the highest investment potential.
When operating the app, anyone can create a global real estate portfolio within minutes and yield lifelong income to achieve their goals. The platform enables investment in real estate with a minimum stake of only AED 500 ($136) while managing all investor transactions from investment to exit, distributing monthly rental income and worth appreciation returns directly into the investor’s Stake investment wallet.
As part of this collaboration, the Stake platform will conduct a masterclass workshop for Emiratis titled “Invest for Tomorrow” on Wednesday, July 3, 2024.
The goal is to supply participants with fundamental skills in economic 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’, supporting Dubai’s Economic Agenda D33 and its ambition to make Dubai a central innovation hub. It is considered the region’s most significant field of real estate innovation. It is developed to support and attract corporations specializing in real estate technology from Dubai, underscoring the most prominent PropTech solutions that align with regional and international markets.
