Nisus, BNW Partner on $41M Ready-to-Occupy Residential Project in JVC

Dubai, UAE – August 11, 2025 – Nisus Finance Investment Consultancy FZCO (NiFCO Dubai), a wholly owned subsidiary of Nisus Finance Services Co Limited (NiFCO), has announced a strategic partnership with UAE-based BNW Developments to launch a ready-to-occupy residential project in Jumeirah Village Circle (JVC) valued at AED 150 million (USD $41 million). The collaboration aims to bring governance-backed, move-in-ready homes to the market, addressing demand for high-quality, immediately available housing for middle-income families.

Fund Acquisition and Project Details

NiFCO Dubai, through its Nisus High Yield Growth Fund Closed-Ended IC—a DIFC-registered property fund and incorporated cell of Gateway ICC Limited—acquired a premium residential tower named Esplora in District 18 of JVC.

The building spans approximately 120,000 square feet and consists of 143 apartments and three retail units. The residences include 48 studios, 63 one-bedroom units, and 32 two-bedroom units. The tower is configured over G+3P+16 floors.

Joint Entity for Sales and Development

As part of the agreement, BNW Developments and NiFCO Holding 02 Ltd have formed BNW NiFCO Buying and Selling Real Estate LLC to manage the development, marketing, and sale of Esplora. Under this structure, BNW Developments will leverage its expertise in project management, marketing, and sales, while NiFCO Dubai brings regulated capital discipline and investment management.

“This new partnership creates an important roadmap to accelerate growth in the real estate sector by infusing capital into the industry, easing pressure on developers to focus on development and delivery,” said Amit Goenka, Chairman and Managing Director of Nisus Finance Group. “It enables sales and marketing leaders such as BNW Developments to move ready inventory swiftly to buyers and investors.”

“As a finance company, we're deploying international capital into the UAE real estate sector to help it scale faster,” he added.

BNW’s Role and Market Vision

“We are pleased to partner with Nisus Finance, which is supporting the real estate sector with fresh capital to ensure growth,” said Ankur Aggarwal, Founder and Chairman of BNW Developments. “Our expertise in marketing and sales will drive strong uptake of these projects.”

Vivek Anand Oberoi, Managing Director and Co-Founder of BNW Developments, noted the partnership’s potential to attract more international capital to UAE real estate, stating it would help accelerate development timelines and expand ready housing options.

Tackling Delivery Delays and Expanding Inventory

With only 45% of projects in the UAE delivered on time, NiFCO’s secondary sales model aims to address funding constraints that delay completions. The partnership plans to enhance existing assets with upgraded common areas, modern finishes, and improved amenities, offering quality comparable to new off-plan projects without the wait.

NiFCO is currently assessing USD $200 million worth of additional assets for acquisition and resale, forming part of a broader USD $1 billion real estate vision.