Nisus Finance and BNW Developments Launch Dh150 Million Ready Residential Tower in JVC

13 Aug 2025 CW Team

NiFCO Dubai, through its DIFC-registered Nisus High Yield Growth Fund Closed-Ended IC and special purpose vehicle NiFCO Holding 02 Ltd, has acquired Esplora — a 120,000 sq ft building in District 18, comprising 143 residential units and 3 retail outlets. The tower spans G+3P+16 floors and features 48 studios, 63 one-bedroom, and 32 two-bedroom apartments.

A new entity, BNW NiFCO Buying and Selling Real Estate LLC, will oversee development, marketing, and sales. BNW Developments will embed its design and quality standards into the project, leveraging NiFCO’s regulated capital and BNW’s market expertise to ensure efficient sales and delivery.

“This new partnership creates an important roadmap to accelerate growth in the real estate sector — by infusing capital into the industry, easing pressure on developers to focus on development and delivery,” said Amit Goenka, Chairman and Managing Director, Nisus Finance Group. “We are deploying international capital into the UAE real estate sector to help it scale faster.”

Ankur Aggarwal, Founder and Chairman of BNW Developments, added: “Our expertise in marketing and sales will drive strong uptake of these projects. We thank Nisus Finance for their confidence in our team and are excited to bring the first of many projects to life.”

NiFCO is currently evaluating US$200 million (Dh730 million) worth of additional ready residential assets in Dubai. The company plans to upgrade common areas of acquired buildings with modern aesthetics and amenities to match new off-plan offerings.

The partnership addresses the shortage of completed, affordable housing in Dubai, with a focus on the mid-income segment. It aims to improve access to high-quality homes without construction delays and to provide investors with stable, income-generating properties.

Dr Vivek Anand Oberoi, Managing Director and Co-Founder of BNW Developments, said: “The synergy between BNW Developments and NiFCO Dubai will help attract greater international capital into real estate in the years to come.”

NiFCO brings over a decade of experience in urban infrastructure financing and private capital market transactions. As of FY 2025, Nisus manages Rs 15.72 billion in assets, delivering a gross IRR of over 19 per cent. Its RESO fund holds an ‘Excellent’ rating from Care Edge Advisory, reflecting its focus on diversified AIF funds and asset management. The company listed on the BSE SME platform on 11 December 2024.

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Nisus Finance Investment Consultancy FZCO (NiFCO Dubai), a wholly owned subsidiary of Nisus Finance Services Co Limited, has partnered with BNW Developments to launch a Dh150 million ready-to-occupy residential tower in Jumeirah Village Circle (JVC). The partnership aims to accelerate the delivery of completed, move-in-ready homes in Dubai’s maturing property market. NiFCO Dubai, through its DIFC-registered Nisus High Yield Growth Fund Closed-Ended IC and special purpose vehicle NiFCO Holding 02 Ltd, has acquired Esplora — a 120,000 sq ft building in District 18, comprising 143 residential units and 3 retail outlets. The tower spans G+3P+16 floors and features 48 studios, 63 one-bedroom, and 32 two-bedroom apartments. A new entity, BNW NiFCO Buying and Selling Real Estate LLC, will oversee development, marketing, and sales. BNW Developments will embed its design and quality standards into the project, leveraging NiFCO’s regulated capital and BNW’s market expertise to ensure efficient sales and delivery. “This new partnership creates an important roadmap to accelerate growth in the real estate sector — by infusing capital into the industry, easing pressure on developers to focus on development and delivery,” said Amit Goenka, Chairman and Managing Director, Nisus Finance Group. “We are deploying international capital into the UAE real estate sector to help it scale faster.” Ankur Aggarwal, Founder and Chairman of BNW Developments, added: “Our expertise in marketing and sales will drive strong uptake of these projects. We thank Nisus Finance for their confidence in our team and are excited to bring the first of many projects to life.” NiFCO is currently evaluating US$200 million (Dh730 million) worth of additional ready residential assets in Dubai. The company plans to upgrade common areas of acquired buildings with modern aesthetics and amenities to match new off-plan offerings. The partnership addresses the shortage of completed, affordable housing in Dubai, with a focus on the mid-income segment. It aims to improve access to high-quality homes without construction delays and to provide investors with stable, income-generating properties. Dr Vivek Anand Oberoi, Managing Director and Co-Founder of BNW Developments, said: “The synergy between BNW Developments and NiFCO Dubai will help attract greater international capital into real estate in the years to come.” NiFCO brings over a decade of experience in urban infrastructure financing and private capital market transactions. As of FY 2025, Nisus manages Rs 15.72 billion in assets, delivering a gross IRR of over 19 per cent. Its RESO fund holds an ‘Excellent’ rating from Care Edge Advisory, reflecting its focus on diversified AIF funds and asset management. The company listed on the BSE SME platform on 11 December 2024.

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