Nisus Finance is evaluating acquisition of US$ 200mn worth of properties in Dubai
Nisus Finance Investment Consultancy NiFCO Dubai), a fully owned subsidiary of Nisus Finance Services Co Limited (NiFCO), announced a strategic partnership with the UAE’s leading developer BNW Developments that is set to redefine the real estate experience for end-users and investors alike.
The Fund through a DIFC special purpose vehicle – NiFCO Holding 02 Ltd – acquired a premium residential building in District 18 of Jumeirah Village Circle (JVC), measuring approximately 120,000sqft and comprising 143 residential apartments and 3 retail units.
In line with the agreement, the assets will now be professionally marketed and sold by BNW Developments, bringing together regulated capital discipline and on-ground market expertise.
Partnership
The partnership combines NiFCO Dubai’s expertise in deploying capital to spearhead project development and sale with BNW Developments’ proven expertise in project management, development, marketing and sales – creating a combined strength that is able to deliver higher and faster yields that will lead the property development and management in the UAE.
On its part, BNW is not just going to acquire the building and white label it, but BNW will embed its essence into this project and future projects elevating the overall living experience, according to a press release.
The partnership marks a new consumer-first collaboration model in the UAE’s real estate landscape focused on governance-backed, move-in-ready homes that offer immediate value and quality lifestyle to middle-income families.
Maturity
As Dubai’s real estate market matures further, this partnership aims to move beyond the off-plan status quo, focusing on ready-to-use, well-maintained homes tailored for the mid-income segment. With additional assets in the pipeline, this model is set to scale and support a broader US$ 1bn real estate vision.
“This new partnership enables sales and marketing leaders such as BNW Developments to move ready inventory swiftly to buyers and investors. In turn, this will boost the pace of activity and support broader economic growth,” stated Amit Goenka, Chairman and Managing Director, Nisus Finance Group (NiFCO).
“We are pleased to partner with Nisus Finance, which is supporting the real estate sector with fresh capital to ensure growth. Our expertise in marketing and sales will drive strong uptake of these projects,” commented Ankur Aggarwal, Founder and Chairman, BNW Developments,
“BNW Developments has developed innovative ideas in development partnership, finance and investment into UAE’s real estate market that are changing the overall real estate financing business and accelerating the pace of developments,” observed Vivek Anand Oberoi, Managing Director and Co-Founder, BNW Developments.
