Riyadh – Sharikat Mubasher: Dubai-based real estate investment platform Stake announced the launch of a new private real estate development fund in Saudi Arabia, offering investors a Shariah-compliant opportunity in Riyadh.

According to the company’s press release, the fund is now available through Stake’s Saudi platform and was launched in partnership with Tharwat for Financial Securities as fund manager.

The project is located in Al Malqa, a rapidly developing district in northern Riyadh opposite the Riyadh Boulevard. It will include a hotel, serviced apartments, office space, and retail units. Its strategic location provides proximity to key hubs such as KAFD, the Diplomatic Quarter, and King Saud University.

According to Stake, the 60,000 square meter project supports Saudi Vision 2030 by addressing the growing demand in the tourism and business sectors.

Hanouf Bin Saeed, General Manager of Stake Saudi, described the project as “a gateway to Riyadh’s future,” highlighting its prime location and backing by a top regional developer.

Stake remains the only CMA-licensed platform that allows non-resident investors to directly own property in the Saudi market. Investments start at SAR 500 ($136), and the platform is backed by major regional investors, including Wa’ed Ventures (Aramco), Mubadala, and others.