Partnership to Boost AMIS Development’s Luxury Real Estate Portfolio.
PC: Zawya
First APAC Fund VCC, a renowned investment fund from Singapore, signed a Memorandum of Understanding to invest up to AED 5 billion in Dubai-based AMIS Development. This partnership reveals the trust of First APAC Fund VCC in the thriving market of Dubai as well as in AMIS Development’s portfolio of constructing high-value, luxury projects.
AMIS Development is known for innovative, luxurious real estate projects located in prime areas of Dubai. The company has developed a strong pipeline of future projects that have attracted immense attention from customers, investors, and partners. With the investment of First APAC Fund, AMIS Development will be equipped to implement its local and international expansion plans. The funds will be applied in the expansion of land bank, project pipeline, global brand partnerships, project team, and investments in advanced technology. The portfolio of AMIS Development is one that combines cutting-edge design, top-tier amenities, and strategic locations to provide an elevated living experience. This partnership is expected to help the company scale its operations and strengthen its position as a leading luxury real estate developer.
About the First APAC Fund
The First APAC Fund VCC is incorporated in the Republic of Singapore and operates through a number of sub-funds that are individually independent. The fund is managed by Pilgrim Partners Asia (PPA), a Singaporean licensed fund management company by Monetary Authority of Singapore (MAS). PPA holds a Capital Markets Services License (CMS100612-1) for fund management under the Securities & Futures Act (SFA) and is also an Exempt Financial Adviser under the Financial Advisers Act (FAA).
Currently, the fund and PPA are undertaking due diligence on AMIS Development. In order to support this process, PPA has appointed Greenback Capital Limited (GBCL), a CAT 3C firm based in the DIFC, as the Sub-Investment Manager. GBCL will provide sub-investment management services to the fund and assist in evaluating and structuring the transaction on behalf of the sub-fund.
Recent Success Story of AMIS Development
AMIS Development already has had a successful experience with the Woodland Residences. The AED 425 million development, located in Meydan’s District 11, just 12 minutes from Downtown Dubai, is characterized by its 100-meter swimmable lagoon exclusively for its residents. The project was sold out within the first week of its launching and scheduled to be handed over in April 2026.
The leaders sound optimistic about the success of this collaboration.
Neeraj Mishra, Founder and CEO of AMIS Development said, “We are proud of the partnership with First APAC Fund VCC. Their investment further cements our focus on luxury real estate development and amplifies our ability to do larger and more exciting projects. This collaboration confirms the confidence international investors have in our mission to deliver exceptional quality developments and build well-integrated communities.
Darrell Lim, Founder and Shareholder of First APAC Fund VCC, highlighted the potential of the partnership. He noted, “Dubai’s burgeoning real estate sector and AMIS Development’s exceptional leadership team, management systems, and track record make this collaboration an exciting prospect.”
This strategic partnership is expected to drive AMIS Development’s ambitious growth plans while reinforcing Dubai’s position as a global hub for luxury real estate.
