Latest news with #BNWDevelopments
Zawya
18 hours ago
- Business
- Zawya
Nisus Finance and BNW Developments partner on Dh150mln ready-to-occupy residential project in JVC
Dubai, UAE: Nisus Finance Investment Consultancy FZCO (NiFCO Dubai), a fully owned subsidiary of Nisus Finance Services Co Limited (NiFCO), announced a strategic partnership with the UAE's leading developer BNW Developments that is set to redefine the real estate experience for end-users and investors alike. NiFCO Dubai has launched the Nisus High Yield Growth Fund Closed-Ended IC, a Dubai International Financial Centre (DIFC) registered property fund, incorporated under the laws of the DIFC, and an incorporated cell of Gateway ICC Limited with the Gateway Investment Management Services (DIFC) Limited as the Fund Manager. The Fund through a DIFC special purpose vehicle – NiFCO Holding 02 Ltd – acquired a premium residential building in District 18 of Jumeirah Village Circle (JVC), measuring approximately 120,000 square feet and comprising 143 residential apartments and 3 retail units. This building, called Esplora, is spread over G+3P+16 floors and has well-appointed 48 studios, 63 one-bedroom apartments and 32 two-bedroom apartments as well as three retail units. As part of the partnership, BNW Developments and NiFCO Holding 02 Ltd have incorporated a new entity called BNW NiFCO Buying and Selling Real Estate LLC that will handle the development, marketing and sale of the residential tower at JVC, recently acquired by NiFCO Dubai. As per the agreement, the asset will now be professionally marketed and sold by BNW Developments, bringing together regulated capital discipline and on-ground market expertise. The partnership combines NiFCO Dubai's expertise in deploying capital to spearhead project development and sale with BNW Developments' proven expertise in project management, development, marketing and sales – creating a combined strength that is able to deliver higher and faster yields that will lead the property development and management in the UAE. On its part, BNW is not just going to acquire the building and white label it, but BNW will embed its essence into this project and future projects elevating the overall living experience. The partnership marks a new consumer-first collaboration model in the UAE's real estate landscape focused on governance-backed, move-in-ready homes that offer immediate value and quality lifestyle to middle-income families. As Dubai's real estate market matures further, this partnership aims to move beyond the off-plan status quo, focusing on ready-to-use, well-maintained homes tailored for the mid-income segment. With additional assets in the pipeline, this model is set to scale and support a broader US$1 billion real estate vision. '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. It also enables sales and marketing leaders such as BNW Developments to move ready inventory swiftly to buyers and investors. In turn, this will boost the pace of activity and support broader economic growth,' said Amit Goenka, Chairman and Managing Director of Nisus Finance Group (NiFCO). 'In many ways, this redefines how the industry operates. We help fuel growth by deploying private capital, supporting key stakeholders — developers, contractors, brokers, buyers, and investors. As a finance company, we're deploying international capital into the UAE real estate sector to help it scale faster.' Ankur Aggarwal, Founder and Chairman of BNW Developments, added, 'We are pleased to partner with Nisus Finance, which is supporting the real estate sector with fresh capital to ensure growth. Our expertise in marketing and sales will drive strong uptake of these projects. 'We thank Nisus Finance for their confidence in our team and are excited to bring the first of many projects to life in the near future.' Nisus Finance is currently evaluating US$200 million (Dh730 million) worth of additional assets for acquisition and resale in the market. The firm is also investing additional capital to enhance the built environment, upgrading common areas with modern aesthetics and improved amenities—comparable to the latest off-plan assets. This partnership also ensures timely project completion at a time when only 45 percent of projects are delivered on time, and 55 percent face delays due to funding or other constraints. Secondary sales offered by NiFCO will also help meet the underserved demand while delivering uplifted value. Vivek Anand Oberoi, Managing Director and Co-Founder of BNW Developments, said, 'BNW Developments has developed innovative ideas in development partnership, finance and investment into UAE's real estate market that are changing the overall real estate financing business and accelerating the pace of developments. 'We are very excited about our partnership with NiFCO Dubai which is bringing liquidity in the market to fuel the growth in real estate. The synergy between BNW Developments and NiFCO Dubai will help attract greater international capital into real estate in the years to come.' This partnership is especially important as it addresses the shortage in completed affordable assets and enabling mid-income families not just high-net-worth individuals to realize their dream of home ownership. It also improves access to ready, high-quality housing options without construction delays, and supports investors looking for stable, income-generating real estate with immediate usability. This will also fuel the growth of the secondary market sales. The process combines institutional governance with local market expertise and offers a move-in-ready alternative to traditional off-plan development models. It enhances buyer confidence through transparency, maintenance, and timely delivery reinforcing both brands' commitment to impact-driven, high-integrity real estate. Nisus Finance leverages a decade of experience, utilising local market expertise and proprietary data to capitalise on emerging trends and consistently deliver superior risk-adjusted returns. NiFCO specialises in urban infrastructure financing and private capital market transactions. NiFCO, along with its subsidiaries and associates, focuses on two main areas: Fund & Asset Management and Transaction Advisory Services. With over a decade of experience in India, Nisus manages IN₹15.72 billion in assets for FY 2025, to deliver gross IRR of more than 19 percent. NiFCO's RESO fund has been awarded an 'Excellent' rating by Care Edge Advisory, recognizing its strong focus on diversified AIF funds and asset management. The company was listed on the BSE SME platform on December 11, 2024. About Nisus Finance Nisus Finance Services Co Ltd. (NiFCO) is a leading, publicly listed real estate investment firm headquartered in India, with a proven track record of delivering high-yield, performance-driven assets across the country. In line with its global expansion strategy, NiFCO has extended its investor outreach across Southeast Asia, Europe, and the Middle East, bringing its deep sector expertise and innovative financial solutions to the UAE and broader GCC region. As part of this regional growth, NiFCO has launched the 'Nisus High Yield Growth Fund Closed Ended IC' ('Fund'), a DIFC-registered Property Fund and Qualified Investor Fund, incorporated under the laws of the Dubai International Financial Centre (DIFC). The Fund is an incorporated cell of Gateway ICC Limited and is advised by Nisus Finance Investment Consultancy FZCO ('NiFCO Dubai'), located in Dubai, UAE. Gateway Investment Management Services (DIFC) Limited has been appointed as the Fund Manager. For more information, visit Please tag Nisus Finance when sharing this information on your social media accounts. Instagram: Facebook: Nisus Finance, Amit Goenka LinkedIn: Nisus Finance Services Co. Ltd., Amit Goenka Twitter: NisusFinance About BNW Developments BNW Developments is a premier real‑estate developer in the UAE with a bold AED 22 billion+ portfolio. Led by Chairman & Founder Ankur Aggarwal and Co‑Founder & Managing Director Vivek Anand Oberoi. Our elite team of 400+ professionals blends design intelligence and investor‑first strategy to deliver ultra‑luxury developments that fuse legacy with returns. We serve HNIs, global investors, and leading financial institutions. Driven by intent, trust and transformative scale, BNW is shaping the future of real estate, setting new benchmarks in quality, sustainability and sophistication.
Time of India
5 days ago
- Business
- Time of India
BNW Developments targets Rs 20,000 crore worth of projects by next year
UAE-based BNW Developments, spearheaded by Ankur Aggarwal and Vivek Anand Oberoi, is set to launch projects worth Rs 20,000 crore next year, building on their existing Rs 10,000 crore portfolio. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads UAE-based BNW Developments , a company promoted by Ankur Aggarwal and Vivek Anand Oberoi , plans to launch projects worth Rs 20,000 crore next company has already launched projects worth Rs 10,000 crore and has 30 projects in its plans to add 10–15 more projects by next year.'We are acquiring ready-to-move-in buildings in Dubai and selling them again after refurbishing. There is a demand-supply gap, and we feel these projects are important for the region,' said Ankur Aggarwal, chairman and founder of BNW company has recently entered into a collaboration with FashionTV to launch a branded residential development on Al Marjan Island in Ras Al Khaimah—an area currently undergoing rapid development and positioning itself as a hub for tourism, investment, and luxury real estate within the million visitors are expected to visit Ras Al Khaimah every year by 2027, and the company is focused on branded residences to bridge the gap in demand and supply there.'Al Marjan Island, and Ras Al Khaimah as a whole, are no longer peripheral players. With strategic infrastructure investments, global hospitality interest, and visionary governance, this region is fast becoming a nucleus for new-world urbanism,' Aggarwal Indian Hotels Company (IHCL), in collaboration with UAE-based luxury real estate firm BNW Developments, had launched Taj Wellington Mews on Al Marjan Island in Ras Al development offers a total of 342 ultra-luxury units, comprising 185 studio apartments, 117 one-bedroom apartments, 26 two-bedroom apartments, eight three-bedroom apartments, and six retail global names like Wynn Resorts making their debut on Al Marjan Island, the area has seen a significant rise in demand, with projected rental yields reaching upwards of 8–14%, making it a lucrative choice for discerning investors.
Zawya
01-08-2025
- Business
- Zawya
BNW Developments banks on Ras Al Khaimah's real estate boom to fuel growth
Ras Al Khaimah real estate remains significantly underpriced relative to its potential, with off-plan sales expected to maintain strong momentum, Ankur Aggarwal, Chairman and Founder of BNW Developments, told Zawya Projects. 'With the island's tourism strategy, Wynn's resort, and major infrastructure upgrades, we expect off-plan demand to remain strong, not just for end-use, but as long-term lifestyle investments,' he said. The company, which currently manages a portfolio exceeding 22 billion UAE dirhams ($6 billion) in assets under development, acquired the land for its latest AED 1 billion ($272 million) Aqua Arc project on Al Marjan Island in June 2022. The handover is expected on or before the third quarter of 2027. Although inflationary pressures are a concern, Aggarwal said strong alliances, such as one with MAN Construction, and early procurement strategies allow for buffering potential risks. Excerpts What market factors compelled you to launch Aqua Arc on Al Marjan Island? Al Marjan Island is rapidly transforming into one of the UAE's most dynamic waterfront destinations, and our decision to launch Aqua Arc here was fundamentally driven by the accelerated tourism boom in Ras Al Khaimah, a phenomenon supercharged by visionary government-led infrastructure investments, most notably the highly anticipated Wynn Gaming Resort. This confluence of factors didn't just create an economic inflection point; it ignited a seismic shift in the region's potential. We weren't merely reacting to existing market momentum; instead, we strategically chose to invest and build in a place poised to redefine the global destination map, aligning with its long-term macro vision and the significant tourism boom that is actively being built. Our choice wasn't just about presence; it was about prescience. Rather than simply building in an already established area, we are planting our flag in a region destined for exponential growth. What process did you follow to appoint MAN Construction as the contractor? Our selection process for a construction partner for a flagship project like Aqua Arc is exceptionally rigorous. We sought capabilities beyond typical construction, looking for a partner who deeply understood the intricate demands of ultra-luxury waterfront development and shared our commitment to pioneering excellence. MAN Construction, a subsidiary of the Masah Group, emerged as the definitive choice. Their Tier-1, Class A status, and formidable engineering command were pivotal. They consistently deliver landmark projects that are architectural marvels and engineering triumphs, uniquely grasping the nuanced complexities of Aqua Arc's ambition. Their keen eye for detail and robust structural expertise ensure our design vision is flawlessly executed. When did you acquire the land for Aqua Arc? Are you now seeing an increase in land prices on Al Marjan Island? We strategically secured the land for Aqua Arc in June 2022, driven by our keen foresight into Al Marjan Island's burgeoning potential. Since then, land prices have seen a significant increase, directly validated by market data. This surge reaffirms the island's strategic location and the catalytic impact of transformational developments, such as the Wynn Gaming Resort. Our early investment was about identifying an undervalued opportunity, positioning BNW at the forefront of a premier global destination. This validates our vision and strengthens foundational value for our investors. What is Aqua Arc's USP in terms of design? The project's architect is Al Wasl Al Jadeed Consultants (AWAJ Consultants). The project has been envisioned as an architectural tribute to fluidity, the rhythm of the sea and the calm of luxury. From its cascading balconies to double-height lobbies and private pools, every design detail aims to evoke serenity while maintaining structural power. The project's design philosophy is rooted in creating immersive, sea-oriented living spaces that feel as natural as they are elite. What will be the sustainable elements of the project? Sustainability is a core pillar of the Aqua Arc project. For us, going green isn't just an environmental strategy; it's our blueprint for responsible development, proving that doing good is inherently good business. We've thoughtfully integrated cutting-edge green technologies and design principles to significantly minimise our environmental footprint while ensuring a healthy, comfortable, and luxurious living space. Our sustainable elements include: Intelligent building systems: Automated HVAC, lighting, and water management optimise energy efficiency and resource conservation. Bioclimatic design: Features such as expansive natural daylighting and optimized shading drastically reduce heat gain and the need for artificial light. Our biophilic landscaping further integrates nature. High-performance materials: We utilise materials with superior U-values and solar reflectance index meeting stringent LEED and BARJEEL certifications for enhanced energy efficiency. Advanced water conservation: Efficient irrigation systems and native landscaping species minimise water consumption and promote biodiversity. By intelligently incorporating these elements, we are creating an environmentally responsible sanctuary that sets a new benchmark for sustainable luxury development on Al Marjan Island. Are you concerned about rising construction costs in RAK? As developers, we're mindful of inflationary pressures, especially with raw material volatility and a booming real estate sector. But we believe that controlled partnerships, like our alliance with MAN, and early procurement strategies allow us to buffer these risks. What matters most is not just cost management, but value management. What are the biggest challenges you see in the coming years and how are you planning to overcome them? Macroeconomic cycles are inevitable. But real estate, particularly in high-growth, high-tourism zones like Ras Al Khaimah, behaves differently. Our strategy is twofold: diversify the asset base and deepen investor relationships. We focus on lifestyle-driven locations, utility-led design, and strategic alliances that buffer against single-market dependencies. That's how you build staying power, not just sales momentum. How extensive is your project portfolio in the UAE? We currently manage an active portfolio exceeding AED 22 billion in assets under development. This includes over half a dozen luxury projects across Ras Al Khaimah and Dubai, with multiple residential and branded projects in various stages of planning and construction. Any new projects planned for this year? Yes. We have multiple landmark developments in the pipeline, including branded residences, themed architecture collaborations, and vertical communities. Our focus is on both expansion and distinction; each project must contribute meaningfully to our legacy and the region's urban fabric. Are you continuing to increase your land bank in neighbouring emirates? Our plan is definitely to keep expanding this land bank, both within these emirates and by carefully looking at opportunities in other promising neighbouring markets. We're seeing incredibly strong, consistent demand from our investors globally – they have immense confidence in the UAE's real estate trajectory. So, for us, it's about making sure we're always positioned with the right assets to meet that evolving demand and keep contributing to the region's remarkable growth story. Are there plans to enter other markets in the Middle East? Ras Al Khaimah has been our proving ground. But the vision has always been regional. As mentioned during our partnership with Masah, Saudi Arabia is a market we're actively preparing to enter by 2026. It's a competitive space, but with the right alliances and differentiated offerings, we're confident in replicating our success. What is your outlook on the UAE real estate market, especially RAK's off-plan segment, for 2025–2026? I believe Ras Al Khaimah is still significantly underpriced relative to its potential. With the island's tourism strategy, Wynn's resort, and major infrastructure upgrades, we expect off-plan demand to remain strong, not just for end-use, but as long-term lifestyle investments. The shift toward branded luxury, wellness living, and coastal accessibility will define the next wave of growth. We're positioning to lead that curve, not follow it. (Reporting by P Deol; Editing by Anoop Menon) (
Mid East Info
24-07-2025
- Business
- Mid East Info
BNW Developments Signs Billion-Dirham Alliance with Masah, Middle East's Tier‑1 Contracting Company, for Ultra-Luxury Project, Aqua Arc
In a strategic move that reflects precision, pedigree, and performance, BNW Developments has officially signed MAN Construction (a subsidiary of the Masah Group) as the principal construction partner for Aqua Arc, its iconic waterfront project set to redefine ultra‑luxury living in Ras Al Khaimah. Aqua Arc marks the beginning of what promises to be a long‑term collaboration between the two powerhouse firms, with more landmark projects already in the pipeline. This collaboration brings together two industry titans: BNW, the region's fastest‑growing private developer with a bold AED 22+ billion portfolio, and MAN Construction/Masah, a Class A contracting giant renowned across the GCC for its turnkey capabilities. The signing ceremony witnessed the presence of distinguished leadership from both sides, underscoring the strategic weight of the alliance. Representing Masah and its subsidiaries were Mr. Mohammed Nayeem (Chairman, Masah Holdings & MAN Constructions, Dubai), Sheikh Mohammed Bin Sulaiman Alhabib(Vice Chairman, Masah Construction & Alpha Metals), Mr. Althaf Kazi(CEO & Managing Partner, MAN Specialized Contracting, UAE), Mr. Mirza Naseem Beg(CEO & Managing Partner, Alpha Metals, Saudi Arabia & UAE), and Mr. Mohammed Misbah(Advisor to the Chairman). From the BNW Developments side, Mr. Ankur Aggarwal(Chairman & Founder) and Mr. Vivek Anand Oberoi (Managing Director & Co-founder) were present, each playing a pivotal role in bringing this illustrious partnership to fruition. Founded on values of technical integrity and delivery at scale, Masah has delivered some of the GCC's most ambitious constructions, from Ajdan Rise to major healthcare assets like Sulaiman Al Habib Hospitalsand Almoosa Specialist Hospitals. Their excellence extends to award-winning marine and aviation infrastructure, including the Red Sea Global Terminalat the Red Sea International Airport. At the heart of this powerhouse lies Dr. Sulaiman Al Habib, one of the most influential figures in the region's healthcare and infrastructure ecosystem. His vision, discipline, and expansive legacy have set unmatched standards for quality across industries. His son, Sheikh Mohammed Bin Sulaiman Alhabib, continues to carry that mantle forward, playing a key role in bridging prominent international partnerships. The group's Chairman, Mohammed Abdul Nayeem, was recently named among the top 25 in Construction Week Middle East's Power 150 list, with MAN Construction being recognised as a Tier 1 Contracting Company. His leadership has consistently aligned innovation with impact, earning the group accolades across healthcare, hospitality, residential, and aviation sectors. 'Partnering with BNW Developments for Aqua Arc is a proud milestone for Masah. We see this as a symbol of a shared vision to create landmark communities that reflect global standards and regional character. Aqua Arc, with its distinct architecture and scale, is exactly the kind of challenge Masah was built for.' – Mohammed Abdul Nayeem, Chairman of Masah Holdings and MAN Constructions. Aqua Arc, nestled on the pristine coast of Al Marjan Island, is among BNW's most anticipated ventures, an architectural ode to elegance, functionality, and sea-facing serenity. With MAN onboard, the execution enters a new realm of confidence and capability. 'At BNW, we've always believed that design vision means little without executional brilliance. The appointment of Masah is a critical step in our mission to deliver not just residences, but reference points in global luxury living. Masah's track record in constructing technically demanding projects, their commitment to timelines, and their engineering depth made them a natural fit. Aqua Arc is a signature BNW development. It demands nothing short of mastery, and with Masah, we're confident that's exactly what we'll achieve,' shared Mr. Ankur Aggarwal, Chairman & Founder, BNW Developments. 'Masah isn't just a contractor; they're craftsmen of scale. What sets them apart is their consistency in delivering landmark projects that marry innovation with precision. Aqua Arc is an example of BNW's unwavering intent to reshape Ras Al Khaimah's skyline with substance and soul. For us, every partnership is about shared values. Masah's professionalism, structural command, and transparent process align seamlessly with our own ethos of trust, ambition, and long-term value creation,' added Mr. Vivek Anand Oberoi, Managing Director & Co-Founder, BNW Developments. As the largest private developer in Ras Al Khaimah, BNW continues to lead with intent, scale, and an investor-first focus. The collaboration with a group of Masah's calibre, reinforced by the institutional credibility of the Dr. Sulaiman Al Habib legacy, marks a significant inflection point in BNW's regional trajectory. Beyond the immediate commencement of Aqua Arc, this partnership strengthens BNW's operational depth, governance alignment, and cross-border reliability, key enablers for sustainable expansion into new markets. Mr. Vivek Anand Oberoi, Managing Director and Co-founder of BNW Developments, also hinted at the brand's imminent expansion into Saudi Arabia in 2026, marking the next frontier in its regional growth story. With the goodwill and strategic capital this alliance brings, BNW is well-positioned to establish a meaningful footprint in one of the most competitive real estate landscapes in the Middle East.
Gulf Today
06-07-2025
- Business
- Gulf Today
BNW Developments and Masah Group sign AED 1 billion deal to launch flagship ‘Aqua Arc' in Ras Al Khaimah
In a strategic move poised to elevate the luxury real estate landscape of Ras Al Khaimah, BNW Developments has signed a landmark construction partnership valued at AED 1 billion with Masah Group. The agreement appoints MAN Construction, a subsidiary of Masah, as the principal contractor for Aqua Arc, BNW's ultra-luxury waterfront development on Al Marjan Island. This milestone unites two industry leaders—BNW, one of the region's fastest-growing private developers with a project pipeline exceeding AED 22 billion, and Masah, a GCC-recognized Tier 1 contracting firm renowned for its turnkey capabilities and engineering expertise. The signing ceremony welcomed key stakeholders from both companies. Representing Masah Group were Mr. Mohammed Abdul Nayeem (Chairman, Masah Holdings & MAN Construction), Mr. Mohammed Alhabib (Vice Chairman), Mr. Althaf Kazi (CEO & Managing Partner, MAN Specialized Contracting), Mr. Mirza Naseem Beg (CEO, Alpha Metals), and Mr. Mohammed Misbah (Advisor to the Chairman). From BNW Developments, Mr. Ankur Aggarwal (Chairman & Founder) and Mr. Vivek Anand Oberoi (Managing Director & Co-Founder) were present to mark the alliance. 'Partnering with BNW for Aqua Arc is a proud milestone for Masah,' said Mr. Nayeem. 'This reflects a shared vision to build iconic communities that represent both regional identity and global excellence.' Aqua Arc: Precision Meets Elegance Poised to become a landmark on Al Marjan Island, Aqua Arc combines contemporary architecture with panoramic sea views and sustainable design. With a focus on detail, execution, and elegance, the project aims to redefine coastal luxury living. 'At BNW, design ambition must be matched by delivery,' said Ankur Aggarwal. 'Masah's engineering depth and commitment to timelines make them an ideal partner.' 'Masah are not just builders—they're masters of scale and structure,' added Vivek Anand Oberoi. 'Their ethos perfectly aligns with ours: excellence, transparency, and long-term value creation.' Expanding Beyond Borders This collaboration marks a pivotal moment in BNW's regional growth, with plans to expand into Saudi Arabia in 2026. With a shared commitment to innovation and sustainability, BNW and Masah are set to deliver projects that reflect ambition, quality, and regional pride.
