Dubai, UAE — Nisus Finance Services Company Limited has acquired Lootah Avenue, a fully leased residential tower in Dubai Motor City, for about AED221 million in its largest UAE deal to date, extending institutional interest in Dubai’s income-generating apartment assets.
The transaction, structured through the Nisus High Yield Growth Fund in the Dubai International Financial Centre and a feeder vehicle in GIFT City, underscores growing use of cross-border fund platforms by Indian and Gulf investors to access Dubai real estate.
Deal Structure and Asset Profile
Nisus Finance said the AED221 million outlay for Dubai Motor City residential investment covers acquisition, transaction costs and refurbishment capex for Lootah Avenue. The property, completed in 2021, is a freehold tower with 273 apartments – 110 studios, 110 one-bedroom and 44 two-bedroom units – plus a medical centre and eight retail outlets, all reported as fully occupied.
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The tower rises 2B+G+23+1R on a 13,533 sq m plot, with gross floor area of about 28,306 sq m and net sellable area of roughly 24,160 sq m, positioning the Dubai Motor City residential investment as a stabilised, income-focused play rather than an off-plan bet. The investment is anchored by Nisus Finance alongside global institutional funds and is backed by Emirates NBD, signalling continued appetite among banks and fund managers for leased multifamily stock in secondary but maturing Dubai submarkets.
Fund Platform and Indian Investor Access
The Nisus High Yield Growth Fund is domiciled in DIFC, with a feeder structure in Gujarat International Finance Tec-City, allowing Indian investors to participate in the Dubai Motor City residential investment under India’s evolving offshore fund regime.
GIFT City’s International Financial Services Centre framework has become a preferred gateway for Indian family offices and UHNWIs seeking tax-efficient exposure to global real estate and structured products, including GCC property markets.
Nisus Finance said the Dubai Motor City residential investment has drawn commitments from institutional managers, global investors, family offices and UHNI individuals from the GCC and India over the past 15 months, expanding the fund’s international capital base. According to GIFT City-focused advisory firms, recent regulatory changes and extended tax incentives have strengthened the case for using feeder funds to channel Indian wealth into overseas assets such as Dubai rental towers.
Market Context: Yields, Demand and Motor City Dynamics
Lootah Avenue is being acquired against a backdrop of sustained price and rent growth in Dubai, where residential values rose about 10% year-on-year in Q3 2025, with apartments up roughly 9.6% over the same period, consultancy Knight Frank estimates.
Also read: Dubai Rental Yields 2025: Investment Analysis Reveals Best Value Communities
Analysts note that while prime coastal districts led capital gains, more affordable inland communities – similar in profile to Dubai Motor City residential investment zones – have seen strong end-user and tenant demand as buyers seek relative value.
CBRE data show Dubai transaction volumes have repeatedly hit record highs, underpinned by off-plan activity but also solid appetite for ready, income-producing stock, which together generated more than AED 119 billion of residential deals in late 2024.
Within this environment, Motor City has emerged as a mid-market residential and commercial hub, with Nisus Finance Chairman and Managing Director Amit Goenka noting that “Motor City has emerged as one of the key residential and commercial micro-markets in Dubai, demonstrating stronger year-on-year price growth than the broader market, which indicates robust capital movement in the area.”
Institutional Capital and Governance Angle
According to the developer, this Dubai Motor City residential investment is more than double the combined value of the fund’s existing UAE portfolio, marking a scale-up in its regional strategy.
Goenka said: “The deal reflects growing institutional investor confidence in Dubai’s property market. It also demonstrates our ability to deliver tangible investment value through superior asset selection, structured transactions, and the highest standards of governance under DIFC regulation.”
The firm added that “we remain committed to the investor community that has placed its trust in us,” framing the Dubai Motor City residential investment as a step toward building a “trusted institution in the region” through partnerships with marquee investors and local banking support.
Market observers say DIFC-regulated fund structures, combined with bank-backed leverage, offer additional comfort to foreign investors seeking transparent exposure to Dubai real estate cycles.
What it Means for Investors, Especially Indians
For yield-focused investors, Lootah Avenue represents a stabilised Dubai Motor City residential investment anchored in a fully let, mid-market building, in contrast to the off-plan launches dominating Dubai transaction volumes.
For Indian investors using the GIFT City feeder, the structure offers a regulated, tax-efficient route into a hard-currency income stream from Dubai rentals, diversifying beyond domestic property and equities while maintaining oversight under familiar Indian regulatory touchpoints.
If current trends of robust population inflows, visa-led residency demand and constrained ready supply continue, income-focused assets such as this Dubai Motor City residential investment may appeal to NRIs seeking predictable cash flows and potential capital appreciation, especially those already allocating via GIFT City or DIFC-managed vehicles.
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