Dubai-Based Digital Platform Offers $134 Entry Into Saudi Real Estate Market – Bloomberg
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Americas+1 212 318 2000
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Asia Pacific+65 6212 1000
Fractional ownership firm Stake will pursue property deals worth 1 billion riyals ($266 million) in Saudi Arabia over the next six months, to tap into rising interest from foreign investors looking to enter a market that’s been largely closed to outsiders.
The Dubai-based digital platform is already in the process of acquiring a fully-rented mall in Riyadh for 187 million riyals and plans to buy a residential tower with more than 140 apartments for 200 million riyals, its co-founder Rami Tabbara said in an interview.
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