Manzil Raises Rs 4.75 Billion from Indian UHNIs for UAE Realty

26 Aug 2025 CW Team

Manzil Asset Management announced on Friday that it has raised more than AED 200 million (around Rs 4.75 billion) from Indian ultra-high net-worth individuals (UHNIs), underlining growing confidence in structured real estate opportunities in the UAE.

The funds were raised following an investment summit held earlier this month, which brought together over 250 curated participants, including HNIs, UHNIs, family offices, and VC/PE partners. The event showcased investment opportunities across luxury residences, commercial properties, and strategic assets in the UAE market.

Founder and CEO Saagar Panchal, who also leads Hireavilla, said that luxury villas continue to be the most sought-after asset class for discerning UHNI investors. He added: “Indian investors today are looking for more than transactions; they want clarity, strategy, and curated opportunities.”

Dubai’s property market has been performing strongly, with prime locations recording 20 to 30 per cent year-on-year appreciation and offering net tax-free yields of 7 to 10 per cent.

The fundraising highlights the growing interest of Indian investors in diversifying into international real estate markets, with the UAE standing out for its tax efficiency, appreciation potential, and well-structured investment avenues.

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