The acquisition, executed through the Nisus High Yield Growth Fund with senior financing from Emirates NBD, encompasses the purchase, transaction costs, and refurbishment of the freehold development completed in 2021. The transaction has been structured to include participation from global institutional and private investors, with a DIFC-based feeder structure in GIFT City enabling Indian investors to participate in overseas real estate opportunities.
Property Details
Lootah Avenue comprises 110 studios, 110 one-bedroom apartments, and 44 two-bedroom units, alongside a medical centre and eight retail outlets. The 27-storey building spans two basement levels, a ground floor, 23 residential floors, and a rooftop, with a net sellable area exceeding 24,000 square metres.
Strategic Positioning
“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.”
The investment aligns with Nisus Finance’s strategy of targeting income-generating residential assets in established communities with proven track records. Dubai Motor City has emerged as one of the emirate’s strongest residential micro-markets in recent years, with apartment resale volumes surging from approximately 60 transactions in 2020 to more than 650 in 2025—a tenfold increase that underscores the area’s growing appeal.
Average prices in Dubai Motor City have appreciated by around 65 per cent in recent years, substantially outperforming the wider Dubai residential market and attracting both investor and end-user interest.
Market Context
The investment arrives amid sustained momentum in Dubai’s property sector, which recorded approximately $170 billion in real estate transactions during the first 11 months of 2025, driven predominantly by residential demand and continued interest from regional and global investors. This broader market confidence has reinforced Dubai’s position as a premium residential destination, with institutional capital increasingly targeting completed, stabilized assets that generate immediate rental income.
The Nisus Finance transaction reflects a broader trend of international fund managers recognizing opportunities in Dubai’s established residential communities, where supply constraints and sustained rental demand provide stable, long-term cash flow potential. The involvement of Emirates NBD as senior lender further validates the quality and creditworthiness of the underlying asset in the institutional market.
