India-based alternative investment manager Nisus Finance has completed the acquisition of a 273-unit residential building in Dubai Motor City, marking its largest investment in the UAE to date with a commitment of $59.8 million (INR 536 crore).
The investment, executed through the Nisus High Yield Growth Fund, covers acquisition costs, transaction expenses, and refurbishment works at Lootah Avenue, a freehold residential development completed in 2021. Additionally, the DIFC-based fund operates a feeder structure in GIFT City, enabling Indian investors to access overseas real estate opportunities.
Asset profile and transaction structure
Lootah Avenue comprises 273 residential units, including 110 studios, 110 one-bedroom apartments, and 44 two-bedroom apartments. Moreover, the development includes a medical centre and eight retail outlets. The building spans two basement levels, a ground floor, 23 residential floors, and a rooftop, with a net sellable area exceeding 24,000 square metres.
The transaction was structured with participation from global institutional and private investors. Furthermore, senior financing was provided by Emirates NBD, supporting the acquisition of a completed, income-generating asset in an established residential community.
Strategy focus and market context
The acquisition reflects a strategy focused on stabilised residential assets with recurring income and refurbishment-led value enhancement. Therefore, the investment aligns with a broader emphasis on resilient demand locations and long-term fundamentals.
“This transaction represents our largest commitment in the UAE and reflects growing institutional confidence in Dubai’s residential market,” said Amit Goenka, chairman and managing director of Nisus Finance Group. “Our focus remains on completed, income-generating assets in locations with resilient demand and strong long-term fundamentals.”
Dubai Motor City has strengthened its position as a high-performing residential micro-market. As a result, apartment resale volumes increased from about 60 transactions in 2020 to more than 650 in 2025, while average prices rose by around 65 percent over the period, outperforming the wider market.
The investment also comes amid sustained momentum across Dubai’s property sector. Consequently, real estate transactions in the emirate reached approximately $170 billion during the first 11 months of 2025, driven primarily by residential demand and continued interest from regional and global investors.
