What’s at Stake this week? | March 3rd, 2024

The allure of branded residences, particularly in Dubai, is captivating high-net-worth individuals (HNWIs) with their embodiment of grand living. This trend is vividly demonstrated by the rapid sell-out of ‘The Woodland Residences’, a Lamborghini-branded luxury real estate project in Meydan, within just a week of its launch. Valued at AED425 million and developed by AMIS, this 220,000 sqft venture has drawn significant interest from discerning buyers, establishing itself as a hallmark of luxury in Dubai’s vibrant real estate market.

🔍Market Watch: UAE & KSA

She builds wealth: Brick by brick

As we celebrate International Women’s Day on March 8th, it’s imperative to spotlight the transformative strides women have made in the realm of investing, particularly within the expanding real estate markets of the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA). 

UAE: A hub of female financial empowerment

In the UAE, the real estate sector has witnessed an unprecedented influx of female investors, with Emirati, South Asian, and Far Eastern millennial women leading the charge. 

In alignment with Dubai’s D33 Economic Agenda’s emphasis on women’s empowerment, the booming real estate sector has seen a surge in female investors. Women are increasingly focused on diversifying their financial portfolios, with real estate now representing 40% of their investment activities in the UAE. 

Nevertheless, the number of women investors in the UAE’s real estate market rose from 26,698 in 2022 to 38,059 in 2023, marking a 42.5% increase. In 2023 women collectively invested approximately $25 billion (AED 90.5 billion) into the market, indicating a substantial 53.9% jump from the previous year. 

Did you know? Women are projected to contribute 22% of the total real estate investments in Dubai in the first quarter of 2024, estimated at $3.27 billion (AED 12 billion).

These increases in female financial participation can be attributed to the nation’s commitment to fostering environments such as CityscapeWIRE, which enhance financial literacy, improve access to capital, and provide better leadership opportunities in the real estate domain.

Saudi Arabia’s visionary path

Saudi Arabia, under its Vision 2030 blueprint, has made remarkable progress in integrating women into the economic fabric of the nation. Initiatives such as the Saudi Arabia Real Estate Development Fund (REDF), which has aided approximately 73,000 Saudi women in becoming first-time homeowners through mortgage loans, emphasize the Kingdom’s commitment to women’s empowerment. Respected figures such as Sarah AlSuhaimi, the first Saudi woman to chair the Saudi Tadawul Group, exemplify the potential of female leadership in reshaping the investment landscape.

Bottom line? The growing economic empowerment of women in the GCC is catalyzing a broader societal appreciation, encouraging a more inclusive and balanced perspective on wealth creation. This improvement, while impressive, is merely the beginning of a long journey toward true gender parity in the finance and investment industries. 

Read the full article 👇

📊Strategize With Stake

Digital commerce meets UAE real estate

In an era where digital innovation shapes every aspect of our lives, Stake is thrilled to announce a groundbreaking partnership with Visa and Checkout.com. 

Our mission at Stake has always been to democratize real estate investment, making it digital, borderless, and accessible for everyone. Recognizing how important digital payments are in our fast-moving economy, we sought to address the challenges of cross-border transactions head-on. The result? 

A first-of-its-kind solution in the GCC that leverages Visa Direct’s cross-border Account Funding Solution, enabling you to upload funds to your Stake accounts swiftly and securely, anytime, anywhere!

Here’s how this partnership benefits you:

• Reducing payment declines: A staggering 45% of customers abandon transactions after a single payment decline. In response, our partnership aims to minimize these declines, ensuring your investments never miss a beat

• 24/7 payment processing: The digital payments landscape’s complexity requires a solution that offers available coverage methods, providing you with round-the-clock investment opportunities

• Global accessibility: Our collaboration ensures that Stake’s digital platform is more accessible to international investors than ever, promoting the democratization of real estate investment

• Enhanced security and speed: Visa Direct’s renowned global network guarantees that your investments are not only fast but also secure, providing peace of mind with every transaction

Bottom line? This partnership is driven by a simple philosophy: your investment journey should be as rewarding as the properties you invest in, ensuring an efficient process to grow your portfolio with Stake. 

Note: We cover the 2.5% merchant fee for debit card payments. However, your bank may charge currency conversion and international transfer fees