First APAC Fund VCC, a prominent Singapore-based investment fund, has entered into a strategic partnership with Dubai’s AMIS Development through a Memorandum of Understanding (MOU) valued at AED 5 billion. The collaboration underscores the growing global confidence in Dubai’s robust real estate market and AMIS Development’s portfolio of innovative luxury projects.
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Boosting Dubai’s Luxury Real Estate Portfolio
Expanding AMIS Development’s Reach
AMIS Development is renowned for delivering high-value, luxury real estate projects in Dubai’s prime locations. This new funding will enhance the company’s capabilities to expand its land bank, develop new projects, strengthen global brand partnerships, and invest in advanced technologies. AMIS aims to elevate its position as a leader in luxury real estate by scaling operations locally and internationally.
With a track record of cutting-edge designs, strategic locations, and top-tier amenities, AMIS Development is poised to utilize this investment to further enrich Dubai’s real estate landscape and provide an elevated living experience for its clientele.
First APAC Fund’s Strategic Approach
The First APAC Fund VCC, incorporated in Singapore, operates under the management of Pilgrim Partners Asia (PPA), a firm licensed by the Monetary Authority of Singapore. To support the due diligence process, PPA has appointed Greenback Capital Limited (GBCL), a DIFC-based Sub-Investment Manager, to evaluate and structure the transaction.
This rigorous approach demonstrates First APAC Fund’s commitment to fostering sustainable and impactful investments in high-growth markets like Dubai.
Successful Projects Fuel Optimism
AMIS Development’s recent achievement with the Woodland Residences exemplifies its capabilities. This AED 425 million project in Meydan’s District 11, just 12 minutes from Downtown Dubai, features a 100-meter swimmable lagoon exclusive to residents. The development sold out within a week of its launch, reaffirming AMIS Development’s appeal in the luxury segment.
Scheduled for handover in April 2026, the Woodland Residences highlights the company’s ability to deliver innovative and high-demand projects.
Leadership’s Vision
Neeraj Mishra, Founder and CEO of AMIS Development, expressed enthusiasm for the partnership, stating, “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, echoed this optimism, emphasizing Dubai’s burgeoning real estate market and AMIS Development’s exceptional track record as key factors in the partnership’s potential success.
Strengthening Dubai’s Global Real Estate Position
This strategic partnership is set to drive AMIS Development’s growth while reinforcing Dubai’s reputation as a global hub for luxury real estate. The collaboration between First APAC Fund and AMIS Development is a testament to the city’s ability to attract significant international investments in its thriving real estate sector.
Stay tuned for more updates on key funding activities shaping Dubai’s dynamic real estate landscape.
