SAUDI ARABIA: Crowdfunding fintech, Stake, launched its first fix and lease property fund in Riyadh’s business district Al Olaya with a residential tower of over 70 fully furnished apartments built in 2018 and partially tenanted. The fund’s real estate investment strategy focuses on acquiring properties, renovating and then leasing them out – to unlock value from existing buildings and prepare for a strong exit. The minimum entry for this fund is SAR500 (US$133.33).
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