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 cooperation reflects the Fund’s faith in Dubai’s real estate market and AMIS Development’s track record of producing high-end luxury developments.
Customers, investors, and partners have already expressed interest in AMIS Development’s numerous forthcoming projects in prominent parts of Dubai.
Investment Details and Strategic Expansion
The First APAC Fund’s investment will allow AMIS Development to further expand its local and international growth by expanding its land bank, project pipeline, global brand partnerships, project team, and investments in technology.
The portfolio of AMIS Development promises an enhanced living experience that goes above and beyond expectations by combining creative design, first-rate amenities, and desirable locations.
Fund and Management Background
The Republic of Singapore is where the Fund was incorporated, and it may have several sub-funds, each of which is a distinct sub-fund of the Fund (Sub-Fund).
Pilgrim Partners Asia (PPA), a Singaporean fund management firm with a Monetary Authority of Singapore (MAS) license, oversees the Fund.
The Fund is finishing its due diligence on AMIS Development in collaboration with PPA.
Recent Success and Project Highlights
AMIS Construction and First APAC Fund have partnered after the former’s recent success with the Woodland Residences project, a much-anticipated AED425 million ($116 million) construction in Meydan’s District 11.
The project, which features a 100m swimmable lagoon exclusively for residents, was sold out within one week of its launch. The development is scheduled for handover in April 2026.
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Leadership Perspectives
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 more extensive and exciting projects for our customers.
“An investment from an internationally well-renowned fund like First APAC Fund also confirms the international investors’ confidence in our mission to deliver exceptional quality of developments and 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.“
