Funding Secured for Development Project

AMIS Development, a Dubai-based real estate developer, has secured its initial funding installment from the First APAC Fund VCC, a Singaporean investment fund. This follows a November 2024 Memorandum of Understanding (MoU) outlining an investment of up to Dh5 billion. The funds will be strategically allocated to ongoing and future projects, including land acquisitions in prime locations like Meydan and Dubai Islands.

The capital injection is designed to accelerate AMIS Development's growth, expand its project pipeline, and meet the growing demand for luxury residential properties in the UAE. According to Neeraj Mishra, Founder and CEO of AMIS Development, this investment will enable the company to continue developing world-class residential communities and expand its land holdings in Dubai. Darrell Lim, Founding Shareholder and Director of First APAC Fund, expressed confidence in AMIS Development's ability to deliver high-quality real estate projects.

AMIS Development's portfolio includes the sold-out Woodland Residences project and the ongoing Woodland Terraces, with completion expected in early 2027. The company has also launched the Woodland Crest project, slated for completion in mid-2027. Furthermore, AMIS has acquired land in Meydan and Dubai Islands for future luxury residential developments.

First APAC Fund, managed by Pilgrim Partners Asia (PPA), a Monetary Authority of Singapore (MAS) licensed fund management company, will release future capital deployments based on AMIS Development's portfolio progression and expanding project pipeline. Greenback Capital Limited, a DIFC-based firm, serves as the Sub Investment Manager to the Fund.