MENA Proptech Boom Accelerates as Stake Lands $31M Series B
Stake, a MENA-focused fintech, raised $31 million in an oversubscribed Series B led by Emirates NBD, marking the latest major funding round in a rapidly expanding regional property technology sector.
The round arrives as proptech platforms across the Middle East and North Africa are securing significant capital to digitize real estate as an asset class. Safqah Capital closed a $15.2 million seed round this week, while earlier in 2026, Property Finder received $170 million, Morocco's Yakeey raised $15 million in Series A funding, and Saudi Arabia's Aamar closed a $4 million seed round.
The momentum reflects structural tailwinds: Dubai's Land Department entered Phase II of its Real Estate Tokenization Program targeting $16 billion in digitized property by 2033, while Saudi Arabia's Real Estate Registry launched national blockchain infrastructure for digital title registration last year.
For CFOs evaluating emerging market fintech exposure, the MENA proptech vertical is consolidating around verticals automating leasing, structuring financing, fractionalizing ownership, and embedding credit—core finance functions increasingly moving on-chain.
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