With the help of the Visa, Checkout.com, and Stake cooperation in the GCC, customers may easily and quickly upload money to their Stake accounts in order to invest in luxury rental properties in the United Arab Emirates. This is made possible by the Visa Direct cross-border Account Funding Solution.

This creative approach streamlines cross-border digital transactions, guaranteeing easy and convenient investments from any location and round-the-clock, year-round service. Additionally, it democratises real estate investing by opening up a new digital investment opportunity for both domestic and foreign investors, making it easier for them to enter the UAE real estate market.
 

With 190+ markets covered, Visa Direct functions as a massive money movement network that combines card, account, and wallet endpoints. Worldwide payments are now possible and secure thanks to this solution. By fostering innovation and quickening the rollout of new payment options, the special collaboration between Visa, Checkout.com, and Stake enhances the real estate market.

The real estate market in the United Arab Emirates

In the midst of the growing economy in the United Arab Emirates, the real estate market is rising significantly. Prime property prices increased by 16.5% YoY in the third quarter of 2023, marking one of the largest quarterly capital increases in a decade, according to data from ValuStrat. Significantly, the values of villas above the 2014 peaks by 2.6%, indicating a significant YoY and quarter-over-quarter growth in villa prices of 19.8% and 7.6%, respectively.

Visa representatives reaffirmed their commitment to making it possible for people and companies to transfer money both domestically and internationally. With this relationship with Checkout.com and Stake, their cross-border account funding for real estate transactions is being implemented for the first time in the region. Investing in the UAE's booming real estate market from anywhere in the globe will soon be simpler, faster, and more secure thanks to this cutting-edge digital payment technology.
 

Speaking about this partnership, Checkout.com representatives added that they quickly embraced Visa's new product launch after hearing about it. This was in line with their mission to guarantee that their merchants continuously improve acceptance rates while minimising expenses and optimising performance. He went on to say that he was excited to be able to provide Stake this cutting-edge cross-border solution, believing it would enable them to improve performance while streamlining payments in an economical and efficient manner.
 

Stake executives went on to say that their business is committed to enabling everyone, wherever they may be, to invest in real estate with ease. They have improved global connectivity and reach, introduced innovation to the MENA region, and made it easier for more people to interact and make investments there thanks to their new relationship with Visa and Checkout.com. This is a step towards realising their goal of creating really borderless real estate.