Nisus Finance commits $59.8m to Dubai residential market

India-based alternative investment manager Nisus Finance has made its largest investment in the UAE to date, committing $59.8 million (INR 536 crore) to the acquisition of a completed residential asset in Dubai Motor City.

The investment, executed through the Nisus High Yield Growth Fund, covers the purchase, transaction costs and refurbishment of Lootah Avenue, a freehold residential development completed in 2021. The DIFC-based fund also operates a feeder structure in GIFT City, allowing Indian investors to participate in overseas real estate opportunities.

Lootah Avenue comprises 273 residential units, including 110 studios, 110 one-bedroom apartments and 44 two-bedroom apartments, alongside 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 of more than 24,000 square metres.

India firm’s biggest Dubai buy

The transaction has been structured with participation from global institutional and private investors, with senior financing provided by Emirates NBD. The acquisition reflects Nisus Finance’s strategy of targeting completed, income-generating residential assets in established communities.

“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 emerged as one of the emirate’s strongest residential micro-markets, with apartment resale volumes rising from about 60 transactions in 2020 to more than 650 in 2025. Average prices in the area have grown by around 65 per cent in recent years, outperforming the wider Dubai market.

The investment comes amid sustained momentum in Dubai’s property sector, with real estate transactions in the emirate reaching approximately $170 billion during the first 11 months of 2025, driven largely by residential demand and continued interest from regional and global investors.