The initiative aims to position Dubai as a global leader in real estate technology
Dubai Land Department has announced the inclusion of real estate investment platform Stake into the Real Estate Evolution Space Initiative (REES). REES is designed to position Dubai as a global leader in real estate technology and artificial intelligence. This step aims to expand property accessibility and ownership opportunities for everyone while also 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 democratizing real estate, making such investment accessible to everyone.
Pioneering Digital Infrastructure
His Excellency Eng. Marwan bin Ghalita, Acting Director General of the Dubai Land Department, emphasized Dubai's commitment to supporting real estate innovations and PropTech competitiveness through the REES initiative, embracing digital technologies to boost investment, sustainability, and growth in the sector, aligning with Dubai's vision of being a global digital transformation model.
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, both in Dubai and globally. This aligns perfectly with the new REES initiative, driving innovation and accessibility in the real estate market.
Rami Tabbara, Co-Founder & Co-CEO of Stake
The Dubai Land Department launched the Real Estate Evolution Space Initiative - REES, in support of Dubai's Economic Agenda D33 and its ambition to make Dubai a major innovation hub. It is considered the most significant in the region in the field of real estate innovation. It is designed to support and attract companies specializing in real estate technology from Dubai, while also highlighting the most prominent PropTech solutions that align with both the local and global markets.
Founded in 2021 during the COVID-19 pandemic, Stake offers accessible real estate investment with a minimum of AED 500, enabling users to build global portfolios quickly and earn monthly income and capital returns directly through the app. Co-Founder & 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, both in Dubai and globally. This aligns perfectly with the new REES initiative, driving innovation and accessibility in the real estate market.
