Stake, a digital platform based in Dubai, aims to enter the Saudi real estate market by targeting property deals worth 1 billion riyals ($266 million) in the next six months. This move is in response to the increasing interest from foreign investors who are eager to explore a market that has historically been challenging to access.

Stake is currently in negotiations to acquire a fully-rented mall in Riyadh for 187 million riyals and plans to purchase a residential tower with over 140 apartments for 200 million riyals. Rami Tabbara, the co-founder of Stake, emphasized the company's commitment to expanding its presence in Saudi Arabia and taking advantage of the growing demand for real estate investments in the region.