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FinancialNews


  • 21-12-20

    New Dubai real estate fintech startup aims to get on property ladder from USD544

    (MENAFN)A new Dubai real estate fintech startup, which is being backed by a Saudi national, is planning to offer investors the chance to get on the property ladder from as little as 2,000 dirham (USD544).

    Inaugurating today, Stake is based in the FinTech Hive in the Dubai International Financial Center (DIFC). It was recognized by co-founders Rami Tabbarra, a former senior vice president of sales at developer DAMAC, and Manar Mahmassani, a former managing director at Falcon Group and vice president at Deutsche Bank.

    Stake permits investors to buy shares in a property in Dubai and earn normal returns in the form of quarterly dividends. The entry level for investors is 2,000 dirham (about USD544.54), all the way up to a third of the figure of an individual property.

    MENAFN21122020000045011369ID1101315775

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