BNW Developments, Enlightened Minds launch $300mn real estate development fund

BNW Developments and Enlightened Minds Investments have launched the BNW Real Estate Fund, a $300 million vehicle aimed at accelerating premium real estate development across the UAE.

The initiative, which secured $27 million in commitments on launch day, marks a significant partnership between the two firms as Co-General Partners. The agreement was formalised during an exclusive signing ceremony attended by investors and senior industry stakeholders.

The fund will deploy capital across three primary investment pillars. The first is land acquisition in high-growth and strategically important locations, allowing investors to capture value from rapidly expanding districts.

The second focuses on the last mile and completion financing for developments approaching handover, ensuring timely delivery and reducing the risk of delays.

The third pillar targets the creation of branded, purpose-built real estate assets tailored to the needs of modern residents and businesses. The strategy is expected to generate annual returns of 18 per cent, including an 8 per cent annual distribution, with the balance paid out upon exit.

Driving the future of UAE real estate

Managing Director and Co-founder of BNW Developments, Vivek Anand Oberoi, said the new partnership is “a statement of intent.”

“…we are scaling our vision to deliver developments that are not only innovative and investment-strong, but also meaningful to the communities they serve,” Ankur Aggarwal, Chairman and Founder of BNW Developments, said.

“With the launch of the fund, we are investing in outcomes, growth, and the future of the UAE… We are building momentum that will shape markets, create value, and redefine the possibilities,”Oberoi added.

Sandeep Agarwal, Real Estate Advisor at BNW Developments, added that the fund represents the first of several planned launches aimed at blending the steady returns of bond-style structures with the equity upside available in the UAE’s fast-growing real estate environment.

The partnership combines BNW Developments’ development pipeline with Enlightened Minds Investments’ capital raising capabilities.

“Partnering with BNW Developments aligns with our mission to back ventures that are vision-driven and return-focused,” Timur Kudratov, Co-Founder of Enlightened Minds Investments, said. He added that the fund will allow them to channel capital into projects with long-term growth potential.

The BNW Real Estate Fund is now open for investor engagement, with the first round of allocations scheduled to be deployed across selected opportunities in the coming months.