Friday, June 25, 2021

Platform rewarding investors regularly for their share in Dubai’s real estate eyes expansion

Moving money in the right direction to make maximum profits has become more effortless than ever before, since fintech apps started rolling out innovative features. Fast-paced evolution of such platforms has unlocked opportunities for online investment by allowing people to bank on stocks abroad and even use AI to manage their funds.

The ease of registering on digital finance apps has also encouraged people to buy their piece of Dubai’s much talked about real estate, an asset now available in form of crypto tokens. This willingness to board lucrative investment vehicles, has fueled the rise of a Dubai-based portal that promises regular income for netizens, who own a share in properties across the city.

Aptly named Stake, the Emirati startup has rolled out opportunities for people to buy a part of projects in Dubai’s upscale Downtown and Marina localities, for as little as AED2000. Once users take the plunge into the city’s real estate market, they can receive money raised from rent on a quarterly basis.

But Stake isn’t simply a platform for banking on any piece of property in the Emirati smart city, the company gathers data and recommends only those projects which can generate high rent and optimum profits. Followed by purchase of shares in an asset, Stake also facilitates dividends and manages portfolios, while investors just have to watch their funds multiply.

Within months, the startup has managed to attract over 4000 users, and has received an additional thrust thanks to fresh funding. Having covered prime locations in Dubai, Stake is now gearing up to sail towards Saudi Arabia and even into the US with its rewarding product.

Several new players have recently emerged in the Emirati real estate sector with digital innovation to empower buyers, sellers and investors in Dubai. Apps are available for calculating rates of properties with precision for owners, while tenants can now reduce the rent burden by owning small portions of the property registered as digital tokens.

Image: Shuttestock

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