Stake raises $14M to bring its fractional property investment platform to Saudi Arabia, Abu Dhabi | TechCrunch
The UAE is facing a good problem: Its real estate market is booming, and there is no shortage of buyers. Dubai rents in 2024 jumped 23% year-on-year back up to pre-pandemic levels, and sales are up 18%, according to Deloitte, and this upward trend is set to continue for the coming years. No doubt some of that demand is spilling over to neighboring Abu Dhabi, which is likely why the city’s sovereign wealth fund, Mubadala
Ivan Mehta
June 10, 2024