Urban infrastructure and real estate finance firm Nisus Finance has made a significant investment of approximately ₹247 crore (AED 100 million) in residential apartments at Majan, Dubai. According to reports from The Economic Times, the investment was executed through the Nisus High Yield Growth Fund. This transaction represents a substantial addition to the company's UAE property portfolio and demonstrates the firm's continued expansion in international real estate markets.
With this latest acquisition, the Nisus High Yield Growth Fund's total investment in UAE properties has crossed $145 million (530 million AED). As reported by The Economic Times, this investment targets a Grade A, fully occupied asset with strong rental yields. The transaction is part of Nisus Finance's planned $500 million fund deployment in partnership with global institutions and family offices, specifically dedicated to the UAE real estate market.
According to the company release, Majan is a mixed-use community in Dubai Land covering approximately 1.45 square kilometres and positioned along Sheikh Mohammed Bin Zayed Road. As reported by The Economic Times, the location provides convenient access to Downtown Dubai, Business Bay, and Dubai International Airport. The investment represents the fourth residential real estate deployment in the UAE for Nisus Finance, further strengthening their presence in the country.
This investment follows Nisus Finance's acquisition of Lootah Avenue at Dubai Motor City for ₹545 crore in December. According to The Economic Times, Amit Kumar Jhunjhunwala, Director & Chief Investment Officer at Nisus Finance, noted that this investment marks the fourth residential real estate deployment in the UAE, taking the total investment outlay by the Nisus High Yield Growth Fund within a short timeframe. The company continues to execute its strategic expansion in the UAE real estate market.