Leading UAE-based proptech platform Property Finder has announced a strategic investment in Stake, a digital real estate investment platform, for an undisclosed amount. The move signals a significant consolidation of expertise within the MENA proptech sector and underscores Property Finder’s commitment to fostering innovation and accessibility in the regional property market.
A Partnership to Democratize Real Estate
The collaboration brings together two key players transforming how people interact with real estate. Stake, founded in 2021 by Manar Mahmassani, Rami Tabbara, and Ricardo Brizido, has rapidly gained traction by enabling users to invest in fractional property ownership and private real estate funds with as little as AED 500. This model lowers the barrier to entry for real estate investment, making it more accessible to a younger, digitally-native generation of investors. The platform’s success was recently recognized when it was named Proptech of the Year at the 2024 Property Finder Awards.
Fostering Ecosystem Growth
For Property Finder, this investment is part of a broader strategy to nurture the MENA tech ecosystem by backing high-growth companies that align with its vision. The company aims to create a more transparent, efficient, and data-driven real estate market.
“We’ve seen first-hand how Stake has grown from a promising start-up to a key leader in the region’s tech ecosystem,” said Michael Lahyani, Founder & CEO at Property Finder. “As a company that shares our values of trust, transparency, and innovation, we’re proud to support their continued growth through this investment. Investing in companies like Stake underscores our belief in the power of technology to expand opportunity and empower consumers across the property journey.”
A Shared Vision for Innovation
Both companies emphasize that the partnership is built on shared values and a common goal to reshape the industry. The investment is expected to create a powerful synergy that will accelerate the evolution of the property ecosystem for investors, sellers, and homeowners.
“We are thrilled to welcome Property Finder as a shareholder and investor,” said Rami Tabbara, Co-Founder and Co-CEO of Stake. “Having the region’s leading property platform believe in our mission and invest in our growth is a huge endorsement of what we’re building. Property Finder has always championed innovation and consumer empowerment in real estate, and this partnership creates a powerful alignment to accelerate the evolution of the ecosystem.”
About Property Finder
Property Finder is the MENA region’s largest property platform, offering a comprehensive and data-driven marketplace for buying, selling, and renting properties. The company is dedicated to empowering consumers with the information and tools needed to make informed real estate decisions.
About Stake
Stake is a digital real estate investment platform that allows users to invest in fractional ownership of income-generating properties. By making real estate investment accessible, transparent, and liquid, Stake is redefining property as an asset class for the modern investor.
Source: Wamda
