Nisus Finance brings large-scale private investment into Dubai’s real estate
Nisus Finance Services Company Limited (NIFCO), has announced the acquisition of a residential building – Lootah Avenue situated in Dubai Motor City – with an investment outlay of AED 220.76mn covering the cost of acquisition, transaction expenses, and refurbishment.
The investment has been made through the Nisus High Yield Growth Fund, based in the Dubai International Financial Centre (DIFC). The fund also operates a feeder structure in GIFT City, enabling Indian investors to participate in the opportunity.
Freehold development
Completed in 2021, Lootah Avenue is a fully occupied freehold development comprising 273 units, including 110 studios, 110 one-bedroom apartments, and 44 two-bedroom apartments. The investment is anchored by Nisus Finance, in partnership with global institutional funds and backed by Emirates NBD, a press statement indicated.
“The deal reflects growing institutional investor confidence in Dubai’s property market. It also demonstrates our ability to deliver tangible investment value through superior asset selection, structured transactions, and the highest standards of governance under DIFC regulation. We remain committed to the investor community that has placed its trust in us,” stated Amit Goenka, Chairman and Managing Director of Nisus Finance Group (NiFCO).
Nisus Finance leverages over a decade of experience, utilising local market expertise and proprietary data to capitalise on emerging trends and consistently deliver strong, risk-adjusted returns, the press communique concluded.
