Your Monthly Leasing Update from the Stake Experts: January - February 2023
We are very excited to bring you the first edition of our Stake properties update, curated by our real estate professionals!
📊Firstly, how are we doing at Stake?
AED 117M+ in property transactions
72 funded properties
AED 3.2M+ rental income distributed to investors
📅 The last 2 months in review
AED 735k+ dividends paid to investors
10 properties added to our portfolio
94% average occupancy rate on all properties
🔍 Market Spotlight: City Walk
We listed and funded our first property in City Walk last month; a beautiful and spacious 2-bed apartment! The unit will be managed as a holiday home in a popular building in the area, Building 11B, known for frequently accommodating business travelers and tourists alike.
We promised that 2023 would be the year for big changes to come, and offering a wider range of investment opportunities in an upscale community like City Walk is one of the many ways we’re making this a reality 🚀
City Walk is a chic and stylish urban project, ideally located next to Downtown with full views of Burj Khalifa! Featuring a blend of commercial and residential properties with modern architecture and unique design elements, the neighborhood was strategically developed by MERAAS in one of Dubai’s most popular communities – Jumeirah.
🏡 A Closer Look: Holiday Homes
January and February were high-performing months in the holiday home market in Dubai, with occupancy going strong despite the influx of fewer tourists than expected this season!
Check out some 5-star reviews we got last month, with links to our units on Airbnb to recommend to friends and family!
In February, our studio apartment in Sky Gardens, DIFC went live after undergoing furnishing and maintenance works that took a little over 3 weeks.
❓Check out this remarkable transformation!
Our unit welcomed 5 business travelers this past month who enjoyed short stays at the property!
Investors can expect the first dividend payout one month after the property is live on booking platforms!
Don’t miss out!
We’re always sourcing high-quality properties in prime areas across Dubai, and currently have a great selection of units in Downtown Dubai, Dubai Marina, and DIFC! These are all funding fast, so make sure you don’t miss out!
Start building your portfolio now 🚀