Stake, the real estate investment platform that launched in Dubai in January 2021, is set to introduce its first real estate fund in Saudi Arabia after receiving approval from the Capital Market Authority (CMA). This move positions Stake as a gateway for international investors to directly participate in the Saudi real estate market.

The Saudi government aims to increase homeownership to 70% by 2030, compared to 63.7% at the end of 2023. This target is expected to stimulate housing demand, particularly considering that around 45% of the Saudi population is under 20 years old.

Stake announced in June 2024 that it had completed its Series A funding round, backed by significant investments from Wa'ed Ventures (the investment arm of Aramco), Mubadala Investment Company, and Aljomaih Holding Company.

Saudi Arabia needs to construct 115,000 housing units annually over the next six years to meet the growing demand from the youth and achieve the government's homeownership goals.

A previous report by Knight Frank projected a housing demand of 825,000 units, with 35% concentrated in the capital, Riyadh. The report emphasized that affordability remains a key factor in the market.