Dubai-based fintech and real estate investment platform Stake is engaging with a team of two graduate students enrolled in the MIT Sloan School of Management’s Business Analytics degree program (MBAn), facilitating a 6-month work project which analyzes Dubai’s real estate market transactions over the last decade.
The project team will build a data ingestion and analytics model which will collect historical market data on the Dubai residential market dating back more than 10 years to assess the quality of potential real estate deals and predict their returns under varying local and macro future conditions.
MBAns are currently in process of incorporating a large feature set of real and engineered descriptors, which will allow the model to forecast and predict prices at a granular level for a single building or apartment.
“We are delighted to welcome Stake as a new host company this year and value the learning opportunity that this unique industry project offers our students,” Ms. Michelle Li, Director of the Master of Business Analytics program remarked.
“The Analytics Capstone is a core part of the MBAn curriculum, and the course provides students hands-on experience working with cutting edge analytics organizations on Big Data challenges,” the MBAn program Director
MIT Sloan MBAn Program
The MIT Sloan MBAn program focuses on applying the tools of modern data science, optimization, and machine learning to solve real-world business problems.
Launched in conjunction with the MIT Operations Research Center, the program is seen as a solution to the industry’s demand for a skilled pool of graduates who can apply advanced analytics to solve business challenges. MIT offers an analytics degree at the undergraduate and graduate levels.
Launched in 2021, Stake is a digital investment platform that curates direct real estate investment opportunities in rental homes in Dubai and allows users to participate in them with an investment of as little as $136.13 in a matter of minutes.
The app allows its users to browse a selection of pre-vetted investment opportunities, create their own diversified portfolios and earn regular dividends from rental income.
The platform collates investors who become fractional owners in the properties they select and receive their share of rental income in the form of monthly dividend distributions. Stake executes and abstracts out all operations from the investment and ownership journey end-to-end, from acquisition to exit.
Stake was founded by Mr. Rami Tabbara, former Senior VP of Sales at Damac Properties who has more than 15 years of real estate experience, and Mr. Manar Mahmassani, an investment banker with 15+ years of experience at Deutsche Bank and Falcon Group, and Ricardo Brizido former CTO of Seedrs in the UK.
“Technology sits is at the heart of everything we do at Stake. It thus brings us great pleasure to host a Capstone project this year, which will form the seed of many to come and the core of our data and advanced analytics competency,” Mr. Ricardo Brizido, Stake’s Co-Founder and Chief Technology Officer stated.
“Working with the students on this project has been a rewarding experience for us; the problem-solving sessions, the model revisions, and the debates over data gathering and modeling have truly helped us shape our thinking and data analytics strategy. We are eager to continue supporting the students anyway we can through the end of the program and to follow their careers as promising data scientists,” Mr. Brizido observed.
Team members Ms. Arkira Tanglertsumpun and Mr. Yihua Xu, both MIT Sloan MBAn Class of 2021 students, shared that, “Working with Stake at this important time in their journey has been an outstanding and invaluable experience. We enjoyed working directly with the startup’s execs— who have taught us to move fast and break things—to develop groundbreaking technologies that will ultimately shape the company’s competitive edge within the real-estate industry. We look forward to following Stake’s progress in the coming years.”