Nisus Finance Services Company (NiFCO), a publicly listed alternative fund manager and urban infrastructure investor, has made its largest investment in the UAE by acquiring the entire residential tower Lootah Avenue in Dubai Motor City for ₹536 crore.
This investment includes the acquisition of the property on a 3.34-acre parcel, along with transaction costs and refurbishment expenses.
The multi-level building features two basements, a ground floor, 23 residential floors, and a rooftop. It offers a gross floor area of 304,680 sq ft and a net saleable area of 260,000 sq ft.
Completed in 2021, Lootah Avenue consists of 273 apartments, including 110 studios, 110 one-bedroom units, and 44 two-bedroom apartments, as well as a medical center and eight retail outlets.
“This transaction is our largest in the UAE, signaling growing institutional confidence in Dubai’s residential market. We focus on completed, income-generating properties in stable communities where demand is strong and long-term fundamentals are solid. Motor City fits this profile well,” stated Amit Goenka, CMD of Nisus Finance Group.
The deal was executed through the Nisus High Yield Growth Fund, based in DIFC, which also allows Indian investors to participate via a feeder structure in GIFT City.
The acquisition expands Nisus Finance’s international real estate portfolio and enhances its capital allocation in the Middle East.
The investment structure includes participation from global institutional and private investors, with senior financing supported by Emirates NBD Bank.
This acquisition has doubled the combined value of Nisus Finance’s existing investments in the UAE, reinforcing the group’s strategy to grow its international footprint through asset-backed real estate opportunities.
Nisus Finance’s strategy in the UAE focuses on investing in completed residential assets, as the demand for ready properties continues to exceed new supply in various established communities.
