Your Monthly Leasing Update from the Stake Experts: March 2023
As promised, we are delighted to share our second edition of the Stake leasing update, curated by our real estate professionals!
There’s so much to cover for March, so let’s jump right in 👇
📊Firstly, how are we doing at Stake?
AED 123M+ in property transactions
75 funded properties
AED 3.6M+ rental income distributed to investors
📅 March in review
AED 415k+ dividends paid to investors
4 properties added to our portfolio
95% average occupancy rate on all properties
🔍 Market Spotlight: La Mer
We listed our first property in La Mer last month; a stunning 1-bed apartment! The unit will be managed as a holiday home in an up-and-coming community themed after Mediterranean coastal life 🐚 The area is currently undergoing major developments to appeal to residents and travelers alike!
La Mer, in a nutshell, is an upscale beachfront development in Jumeirah along 2.5km of magnificent white sand beaches. Its master developer, Meraas, is also behind the hugely successful City Walk and Bluewaters Island projects and envisions La Mer to serve as a residential and commercial hotspot worthy of the city of Dubai 🔥
We are excited to have a property in one of the most sought-after areas in Dubai; one that many believe has significant value-appreciation potential, similar to the Bluewaters Island project. Just look at what happened there since the project was completed a few years ago – yes, that’s right… prices have almost doubled!
🏡 A Closer Look: Holiday Homes
March was yet another high-performing month 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 March, our studio apartment in Studio One 2009, Dubai Marina went live after undergoing a full refurbishment update to become our first sustainably furnished unit! The changes were completed in less than 25 days after the title deed was issued!
❓Check out this remarkable transformation our Stake experts envisioned and brought to life!
Stay tuned for more information on some of the sustainable design choices we made in line with Dubai’s Year of Sustainability initiative 🍃Since it went live, our unit has welcomed 3 guests who enjoyed short stays at the property!
Have a look at what Omer had to say about his stay👇
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 La Mer Jumeirah! These are all funding fast, so make sure you don’t miss out!
Start building your portfolio now 🚀