Dubai-based AMIS Development has signed a Memorandum of Understanding (MOU) to secure up to AED5bn ($1.4bn) in funding from Singaporean investment fund First APAC Fund VCC (Fund).
The partnership reflects the Fund’s confidence in Dubai’s real estate market and AMIS Development’s reputation for high-value luxury developments.
AMIS Development has multiple upcoming projects in major areas of Dubai that have already received high interest from its customers, investors and partners.
Singaporean fund invests in Dubai real estate
The investment by First APAC Fund will be used by AMIS Development to further expand its growth, both locally and internationally by growing its land bank, project pipeline, global brand partnerships, project team and investments in technology.
AMIS Development’s portfolio represents a convergence of innovative design, superior amenities, and prime locations, promising an elevated living experience that exceeds expectations.
The Fund is incorporated in the Republic of Singapore that may form multiple sub-funds, each of which constitutes a separate sub-fund of the Fund (Sub-Fund).
The Fund is managed by Pilgrim Partners Asia (PPA), a Singaporean fund management company licensed by the Monetary Authority of Singapore (MAS).
The Fund along with PPA is currently in the process of completing its due diligence on AMIS Development.
The partnership between AMIS Development and First APAC Fund follows the former’s recent success with the Woodland Residences project, a highly anticipated AED425m ($116m) development located in District 11 of Meydan.
The project, which features a 100m swimmable lagoon exclusively for residents, was completely sold out within one week of its launch. The development is scheduled for handover in April 2026.
Neeraj Mishra, Founder and CEO of AMIS Development said: “We are proud to partner with First APAC Fund VCC, a globally respected fund with a proven track record. Their investment reaffirms our focus on luxury real-estate development and increases our ability to launch larger and more exciting projects for our customers.
“An investment from an international well renowned fund like First APAC Fund also confirms the international investors’ confidence in our mission to deliver truly exceptional quality of developments and to build well-integrated communities, while also providing high ROI to investors in our units or projects.”
Darrell Lim, Founder and Shareholder of the First APAC Fund VCC, said: “This partnership reflects our commitment to identifying high-potential investment opportunities in key markets. Dubai’s burgeoning real estate sector and AMIS Development’s exceptional leadership team, management systems and track record make this collaboration an exciting prospect.”
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