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Dubai-based AMIS Development just got the first tranche of AED 5 billion from Singapore’s First APAC Fund, and things are officially heating up. The agreement, finalized in November 2024, positions AMIS to secure up to AED 5 billion in funding – fueling the next wave of luxury developments in Dubai.
The funds are set to supercharge AMIS’s projects, from ongoing builds to new land grabs in hot spots like Meydan and Dubai Islands. The goal? Accelerate growth, expand the project pipeline, and bring even more high-value, luxury residential properties to the UAE market.
Neeraj Mishra, Founder and CEO of AMIS Development, said it best: “We are thrilled to receive the first tranche from First APAC Fund. This investment allows us to continue developing world-class communities and expand our land acquisitions in Dubai. Our momentum shows investors trust our ability to deliver luxury real estate that really stands out.”
Darrell Lim, Founding Shareholder and Director of First APAC Fund, added: “This first tranche is a big milestone. We have full confidence in AMIS’s leadership and their ability to keep delivering top-tier real estate in Dubai.”
AMIS’s portfolio is already turning heads. Woodland Residences sold out in January 2024 for AED 425 million, while Woodland Terraces is on track for a Q1 2027 completion. Woodland Crest is next up, expected by Q2 2027. And let’s not forget the prime land acquisitions in Meydan and Dubai Islands – luxury living just keeps expanding.
This is JUST the beginning. The first tranche sets the stage for future capital deployments, following the progress of AMIS’s growing portfolio and ambitious pipeline. Dubai’s luxury scene is about to get even more exciting.
Global investors are betting big on Dubai’s luxury market, and AMIS Development is right at the center of the action. With strong partnerships and a clear growth path, it’s safe to say Dubai’s high-end residential scene is only getting hotter.
Minimum custom amount to enter is AED 2
By donating, you agree to the Privacy Policy and Terms of Service