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Stake digital platform joins Dubai Land Department's REES initiative

Article-Stake digital platform joins Dubai Land Department's REES initiative

Government of Dubai Media Office Members of Dubai Land Department and the Stake real estate investmnt platform discussing their new partnership as part of the REES initative.jpg
Members of Dubai Land Department and the Stake real estate investmnt platform discussing their new partnership as part of the REES initative (Photo credits: Government of Dubai Media Office)
Stake joins Dubai Land Department's REES initiative, enhancing real estate proptech and accessibility to democratise property investment globally.

Dubai Land Department (DLD) has announced that the "Stake" digital platform joined its Real Estate Evolution Space Initiative (REES). REES aims to position Dubai as a global leader in real estate technology and artificial intelligence. Stake will help more people access and own property. It will also raise community awareness about the benefits of collective investment in real estate. This inclusion supports DLD's goal of expanding property ownership and investment opportunities.

WHAT IS THE STAKE DIGITAL PLATFORM?

Stake is a real estate investment platform launched in Dubai that is expanding globally. It provides a comprehensive digital experience for buying and selling properties. This platform is leading the global digital transformation process in real estate. Stake aims to democratise real estate investment, making it accessible to everyone.

EFFECTIVE PARTNERSHIP AND DIGITAL INFRASTRUCTURE

His Excellency Eng. Marwan bin Ghalita, Acting Director General of DLD, expressed excitement about this new partnership. He highlighted Dubai's commitment to providing supportive infrastructure for real estate innovations. This partnership underscores Dubai's effort to enhance the competitiveness of local proptech companies.

Eng. Ghalita emphasized the importance of modern digital technologies in encouraging real estate investment. He stated that digitization is now a fundamental pillar of real estate growth in Dubai. The city's leadership focuses on making Dubai a global model of digital transformation. Various initiatives and projects aim to usher in a new era in this journey.

STAKE'S MISSION AND VISION

Rami Tabbara, Co-Founder & Co-CEO of Stake, shared his excitement about partnering with DLD. He mentions how Stake's mission is to make real estate investment easy for everyone. They want it to be borderless, accessible, and liquid. This matches the new REES initiative, which promotes innovation and accessibility in real estate.

THE BEST REAL ESTATE OPPORTUNITIES

Founded in 2021, the Stake platform began its journey during the COVID-19 pandemic. The platform provides top real estate opportunities with high investment potential. So with the Stake app, anyone can build a global real estate portfolio in minutes.

Also with Stake, investors can start generating lifelong income with as little as AED 500. The platform manages all real estate transactions, from investment to exit. It also distributes monthly rental income and capital appreciation returns. This goes directly into customers' Stake investment wallets.

EDUCATING THE COMMUNITY ABOUT REAL ESTATE

As part of this partnership, Stake will hold a masterclass workshop titled "Invest for Tomorrow." The event is on Wednesday, July 3, 2024. It aims to teach participants basic financial management and intelligent investing skills. The workshop will show how to turn daily financial habits into wealth-building strategies. It will cover mastering financial management basics, using smart investment strategies, generating passive income, and planning for a secure financial future. So, this workshop will help participants achieve financial independence.

THE REAL ESTATE EVOLUTION SPACE INITIATIVE (REES)

The Dubai Land Department launched REES to support Dubai's Economic Agenda D33. This initiative aims to make Dubai a major innovation hub. REES is the region's most significant real estate innovation initiative too. It attracts companies specializing in real estate technology to Dubai. It also showcases top proptech solutions for local and global markets.

CHANGING REAL ESTATE INVESTMENT FOR THE BETTER

Stake and Dubai Land Department partnership is changing how real estate investments work. Stake aims to innovate and make real estate investment easier for everyone. They focus on accessibility, ensuring more people can invest in real estate. Its inclusion within the REES initiative will further establish Dubai as a global hub for real estate technology and innovation. Stake's involvement will enhance this initiative. So, the partnership will attract more investors to Dubai, boosting its real estate market.

As a whole, including Stake in the REES initiative helps Dubai strive towards boosting innovation and digital transformation in real estate. It will create new investment opportunities and spur the city's economic growth.

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