Nisus Finance Services Co Limited (BSE: NISUS | Scrip Code: 544296), a leader in investment management with a focus on urban infrastructure, has expanded its footprint in the GCC region by adding USD 55 million to the assets under management (AUM) of its Nisus High Yield Growth Fund Closed-Ended IC. The significant milestone was achieved through the acquisition of two premium residential properties located in Dubai’s thriving Jumeirah Village Circle (JVC) and Al Furjan neighborhoods.
The newly acquired Grade A properties are positioned to capitalize on Dubai’s booming real estate market, which witnessed a 25% surge in home sales during Q3 2024. Dubai’s GDP is projected to grow at 4.6%, driven by robust economic growth, tourism expansion, and an increasing international community. These strategic acquisitions underscore Nisus Finance’s commitment to tapping high-yield opportunities in premier locations.
Launched in 2024 and registered in the Dubai International Financial Centre (DIFC), the fund focuses on income-generating assets across the GCC region. It offers both domestic and global investors regulated opportunities to participate in the region’s growth story.
To further its reach, Nisus Finance inaugurated a new office in Dubai, enhancing its presence in the competitive real estate market. The move is expected to strengthen ties with stakeholders and uncover more growth opportunities.
Mr. Amit Anil Goenka, Chairman & Managing Director of Nisus Finance Services, stated, “These acquisitions highlight our vision to unlock high-value opportunities in Dubai’s dynamic real estate market. The properties not only enhance our portfolio but also ensure outstanding returns for our investors.”
Adding to this, Mr. Amit Jhunjhunwala, CIO of the Nisus High Yield Growth Fund, noted, “With Dubai’s market momentum and these acquisitions, we are well-positioned to deliver exceptional returns to our investors.”
Nisus Finance achieved a revenue of ₹42.13 crore, EBITDA of ₹34.36 crore, and PAT of ₹22.87 crore in FY24. For H1 FY25, the revenue stood at ₹34.63 crore, EBITDA at ₹24.10 crore, and PAT at ₹18.84 crore, reflecting strong growth trends.
