Nisus Finance makes Rs 247 cr investment in Majan, Dubai

MUMBAI: Urban infrastructure and real estate finance firm Nisus Finance has expanded its UAE property portfolio with an investment of around Rs 247 crore (AED 100 million) in residential apartments at Majan, Dubai.

The investment was made through the Nisus High Yield Growth Fund. With this transaction, the total investment by the fund in the UAE has crossed $145 million (530 million AED), the company said in a release.

“Majan represents a compelling opportunity within Dubai’s evolving residential landscape. The investment is anchored by a Grade A, newly developed asset, fully occupied with a strong tenant profile and attractive rental yields,” said Amit Goenka, CMD, Nisus Finance.


The transaction is part of Nisus Finance’s planned $500 million fund deployment in partnership with global institutions and family offices, dedicated to the UAE real estate market. This transaction comes after Nisus Finance acquired Lootah Avenue at Dubai Motor City for Rs 545 crore in December.

“This investment marks the fourth residential real estate deployment in the UAE, further strengthening our presence in the country and taking the total investment outlay by the Nisus High Yield Growth Fund within a short timeframe,” said Amit Kumar Jhunjhunwala, Director & Chief Investment Officer, Nisus Finance.

Majan is a mixed-use community in Dubai Land, covering approximately 1.45 square kilometres and positioned along Sheikh Mohammed Bin Zayed Road with convenient access to Downtown Dubai, Business Bay, and Dubai International Airport.