Latest news with #Dh183
Mid East Info
19-06-2025
- Business
- Mid East Info
Nisus Finance invests Dh183 million in two properties, considers Dh669 million more investment in Dubai's real estate
Nisus announces stellar growth with a 55 percent jump in Assets Under Management surpassing IN₹15.72 billion as revenue growing 56 per cent in financial year ending March 31, 2025 Nisus Finance Investment Consultancy FZCO NiFCO Dubai, a fully-owned subsidiary of Nisus Finance Services Company Limited (NIFCO), announced the investment of Dh183 million in two properties in Dubai while it is currently actively evaluating investment to the tune of Dh669 million in new properties. The company is looking forward to a four-fold growth in its Assets Under Management AUM that jumped 55 percent to IN₹15.72 billion US$183.85 million in the financial year ending March 31, 2025, from IN₹10.12 billion US$118.35 million in FY2024. Around 29 percent or IN₹4.55 billion US$53.21 million of the AUM came from its operations in the UAE. NiFCO has also engaged M/S Houlihan Lokey to raise global capital for the UAE and India funds, while it has sanctioned US$68 million Dh250 million for investment in Dubai. It is in advanced discussions for a further US$200 million (Dh730 million) credit limit to deploy in the UAE's high-growth real estate market that will fuel the sector's growth. In addition, NiFCO is in advance stage of discussions on the deployment of a further US$200 million Dh730 million from two prominent global funds. These funds, once deployed, will increase the company's investment by US$468 million Dh1.71 billion this year. In 2024, NIFCO Dubai invested a total of Dh183.35 million including Dh93.85 million IN₹2.3 billion in a project located at the Jumeirah Village Circle (JVC) while it invested a further Dh89.5 million (IN₹2.15 billion) in a property in Furjan Dubai. 'We have already invested Dh183 million in two residential properties in Dubai and are actively evaluating Dh669 million (IN₹15.55 billion) in investments across residential and commercial projects in prime Dubai locations like JVC, Al Barsha, Sports City, and DIP. These strategic moves aim to unlock high-yield opportunities and fuel strong growth,' Amit Goenka, Chairman and Managing Director of Nisus Finance Group NiFCO, says. 'We are currently looking at bigger and more lucrative opportunities in the UAE and the GCC where the opportunities are growing and we want our investor community to benefit from these opportunities.' Nisus Finance meanwhile, reported a 35.5 per cent year-on-year growth in profit after tax reaching IN₹325.8 million (US$3.81 million) in the financial year ending March 31, 2025, compared to IN₹240.5 million (US$2.81 million) recorded in FY2024, on IN₹673 million (US$7.87 million) revenue which jumped 65 percent, compared to IN₹430.4 million (US$5.03 million) recorded in the previous year, due to strong growth in its UAE business carried out through its UAE subsidiary Nisus Finance Investment Consultancy FZCO (NiFCO Dubai). The company's total assets jumped to IN₹1.79 billion (US$20.93 million), up from IN₹491 million (US$5.74 million) in FY2024. The company reported a 42.3 percent Return on Capital Employed (ROCE) while Return on Investment (ROI) reached a healthy 33.3 percent in the last financial year when its Net Worth reached IN₹1.61 billion – reflecting a robust performance. The company's Revenue-to-AUM ratio stood at 4.3 percent while Earnings per Share (EPS) reached IN₹16.31 and Net Asset Value per Share reached IN₹67.31. Nisus Finance last year made some successful marquee exits. It had earlier invested in one of India's first self-redevelopment project in Mumbai. The project, managed by Trilogy Developers, merges two societies into a mixed-use development. Last year, it exited from the project with 21 percent IRR while it also unlocked value with high-yield exit under its Real Estate Special Opportunities Fund (RESO) 1 from a wholly-owned subsidiary of Shapoorji Pallonji Real Estate at 18.74 percent IRR. The company also divested from two projects in Bengaluru, achieving a 19 percent IRR through its Real Estate Credit Opportunities Fund (RECOF) 1. NIFCO also exited from Plotted Development Project Treasure Hills by Treasure Group in Indore with 19 percent IRR. 'Our FY25 performance reflects the strength of our core platform—lean, profitable, and execution-focused. With the IPO success, we are well-positioned to accelerate strategic growth in FY26 and beyond,' Amit Goenka says. 'Robust AUM growth, diversification of revenue base and strengthening of the India and UAE team, enhancing execution and delivery capabilities have been our key growth drivers, supported by targeted expenditure in marketing and brand building during the Initial Public Offering IPO phase, supporting long-term brand equity and visibility have helped us to record such impressive growth.' In India, investments worth IN₹10 billion are under evaluation across high-growth cities like Mumbai, Pune, Bengaluru and Indore covering both performing credit and special situations. The firm aims to drive strong returns and manage risk through strategic market selection and asset diversification. 'In the FY2026, our objective is to achieve IN₹40 billion (US$467.81 million) with total income ranging from IN₹1.2 billion to IN₹1.4 billion (US$16.37 million) while we remain on target to become a global asset manager with US$$1 billion AUM by 2028 through blue ocean strategies to drive multi-dimensional revenue streams by providing investment opportunities across capital stacks,' Amit Goenka says. Nisus 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. The company, 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. The Company's RESO fund has been awarded an 'Excellent' rating by Care Edge Advisory, recognising its strong focus on diversified AIF funds and asset management. The company got listed on 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.
Khaleej Times
20-05-2025
- Business
- Khaleej Times
UAE: Why high-net-worth individuals are moving to golf-front homes
Nestled in the golf district of Dubai South, Discovery Dunes is shaping up to look like the blueprint for ultra-luxury golf communities in the UAE. Here, renowned American golf course architect Tom Fazio designed his first 18-hole private layout in the region, with wide fairways, recessed bunkers, and native ghaf trees woven into the desert in a way that feels intentional, understated, and remarkably quiet. Spanning nearly 27 million square feet, Discovery Dunes — developed by Discovery Land Company — includes 340 residences, with 84 per cent of the land preserved as open space. With the value of plots reaching approximately Dh183 million, Discovery Dunes isn't just selling homes — it's selling exclusivity. One of the latest deals, in April 2025, closed at Dh33 million for a 52,000-square-foot plot, underscoring just how much buyers are willing to pay for space and seclusion. The 600-acre development offers three types of land plots — Estate, Signature, and Lifestyle — ranging in size from around 22,000sqft to over 73,000sqft. Beyond golf, residents enjoy amenities like the Lakehouse — a farm-to-table restaurant overlooking the 11th hole — equestrian facilities, wellness centres, and even 'comfort stations' stocked with gourmet snacks. Buyers are required to purchase a membership for access to the amenities, reinforcing a focus on quality over scale. Even though homes that overlook golf course estates typically have a 10-30 per cent price premium, golf-front homes in Dubai and Abu Dhabi have steadily carved out their place in the market over the past two decades. Not for the sport, but for what they offer: green views, fewer neighbours, and a sense of calm that's getting harder to buy. 'There's always been an association globally between green space and golf communities and privacy and exclusivity,' says Ghada 'GG' Benitez, the CEO of GG Benitez International, a luxury real estate company that operates under Prime Capital Realty in Dubai. She also runs the affiliate offices in California and in Spain's Costa del Sol. 'When you have exclusivity, particularly, that equates most times to additional value.' Benitez, who also hosts The Dubai Connect Podcast where she discusses real estate trends in the UAE, launched her property firm in Dubai a little under three years ago but works with her strategic partner, who has operated in the market for over two decades. 'Dubai is a vertical city... It's not as prevalent to find open green areas.' She said that as part of the UAE's Master 2040 plan to develop more green spaces for residents, golf communities are in line with the government's long-term goals. To understand what's driving demand for golf communities, Benitez says you have to look at who's actually moving in. She notes a rise in high-net-worth individuals relocating from the UK, the US, Canada, Russia, and India, with most of her clients coming from Europe and North America. In those parts of the world, golf is already tied to luxury, she notes. But the group to really watch, she says, is families. 'As more families move to Dubai, they're looking for more villas and townhouses,' she explains, adding that they are looking for greenspace. UK families are a big one. The GEMS Education report Exodus & Education: Why British Parents Are Moving to the UAE found that over a third of UK parents with children in private schools are considering relocating abroad due to rising education costs — with many drawn to the UAE for its tax-free income, strong schools, and family-friendly lifestyle. That shift in who's buying is shaping the kinds of spaces people want. It's not just about luxury — it's about liveability. Many of the golf communities are gated, offering privacy, greenery, and a quieter environment that's well-suited for raising families, Benitez explained. 'Because it's green, it lends to that serenity and greenery, and recreational walkways that are associated with more desirable, luxurious, higher value,' Benitez says. It's a clear contrast to typical tower living and speaks directly to the growing number of families choosing to relocate to Dubai. Of the highest rated communities, Dubai Hills Estate topped villa searches in Q1 2025 — and it's easy to see why. It's massive, central, and built with families in mind. At 2,700 acres, it's Emaar's largest community to date, anchored by an 18-hole championship course and filled out with schools, parks, and enough green space to feel like you're not in the city. Prices have climbed fast, according to a Dubai Housing investment guide — Sidra villas, which once went for Dh3.2 million, are now hitting Dh6.6 million, and Maple townhouses have nearly doubled in value. Still, agents say the market hasn't peaked. Kunal Gaur, an economist writing for Dubai Housing, claims it's not too late to invest. 'When you compare Dubai property prices to places like Singapore, the US, or the UK, they're still pretty reasonable, especially when you factor in that whole tax-free thing,' Gaur wrote. That optimism is reflected in the numbers. According to Provident Real Estate's Q1 2025 market overview, villa communities built around golf course amenities dominated market share. DAMAC Hills 2, home to the Trump World Golf Club Dubai — an 18-hole championship course designed by Tiger Woods — led the segment, capturing a 5.8 per cent market share. Emirates Living, which offers views of both Emirates Golf Club and the Address Montgomerie, followed with 5.2 per cent, while DAMAC Hills held 5 per cent. Jumeirah Golf Estates (JGE) came in close behind with 4.7 per cent. Total sales volume for JGE for Q1 reached Dh882 million, with the average price across listed JGE properties being approximately Dh14 million. That performance tracks with the broader luxury villa market. The Provident Real Estate report also noted a 13 per cent price jump in the luxury villa segment this quarter. Most of the sales happened in the premium range, particularly among four-bedroom villas priced over Dh3.2 million. In total, 1,183 transactions were recorded, with the average sale price hitting Dh11.83 million. Four-bedroom homes made up the bulk of activity, accounting for nearly 40 per cent of all sales. Even within golf communities, supply is tight. 'You have to understand that whether it's Dubai Hills, Jumeirah Golf Estates, or Emirates Hills, the number of homes that actually sit on the course is very limited,' says Tahir Majithia, a Dubai-based real estate agent with over 20 years of experience and managing partner at Prime Capital. Originally from Mumbai, Majithia has seen first-hand how exclusivity and location within these communities can drive demand. Even in newer communities being launched by other developers, you're not seeing many new golf courses, Majithia says. 'When you talk about a golf course, you need a lot of land for it... Obviously, land has become expensive.' Because golf communities are expensive, they don't necessarily dominate overall sales. They tend to sit in the luxury or high mid-market range, which naturally limits how many people are buying in. Over the past five years, only 7.6 per cent of all residential transactions in Dubai happened in golf-focused communities — and more than half of that came from Dubai Hills Estate alone, according to Dubai Residential: Par for the Course, a report by GCP Group and REIDIN. When asked how golf-front homes compare to waterfront properties, Majithia didn't hesitate: ' You would get much better value for money if you're buying on a golf course. You would get a much bigger plot... you'd probably get somewhere around 70-80 per cent more space for the same amount of money.' 'Waterfront has historically performed better than non-waterfront. But again, how much more waterfront is there going to be in Dubai? And in the UAE in general,' Benitez adds. 'You're still going to find that for short-term rental, which tends to provide, let's say, on average 3 per cent higher rental yields than long-term, that there's still that desirability of being in the middle of the city or on a waterfront. Whereas you would see more of the family wanting long-term rental, the larger units, you'll see that in golf communities.' Looking at buyer psychology and investment behaviour, Majithia said most buyers to purchase in golf communities are end users wanting a lifestyle and long-term hold, meaning people who are purchasing homes are actually living in them, not flipping or renting them. There are a few people who are still buying as an investment, despite inventory tightening in prime golf communities. He explained that end user buying in this real estate category has increased because of the increase in demand for the lifestyle affiliated with golf communities. Importantly, Majithia noted that five to seven years ago, demand for golf-facing villas wasn't nearly as strong. The recent surge, he said, aligns with the influx of ultra-high-net-worth individuals relocating to Dubai. Looking forward, Benitez believes that golf-facing villas and real estate will remain a top-tier asset class. 'It's here to stay and it will become the new, what we talk about waterfront,' she said. If you look at what's still available along the waterfront, the options are starting to narrow. 'There's Palm Jebel Ali, Maritime City, La Mer, Rashid Marina — but inventory there is limited.' Then you have Dubai Islands, and that's pretty much it, she explained. As coastal land gets built out, the city is naturally pushing inward, and golf-front living is starting to fill that space in the luxury market. It's a shift that's not just about views and square footage, but about what comes next. 'With healthcare and lifestyle clubs, you're going to see that as more retirees are looking where to retire around the world, golf communities in Dubai are going to be a play,' Benitez said. With long-stay visas, rising healthcare standards, and a growing appetite for wellness-led living, golf communities may end up offering something the city hasn't quite figured out yet: a soft landing for the people who've built their lives here and want to stay.
Al Etihad
13-03-2025
- Automotive
- Al Etihad
Emirates Driving Company distributes 34% cash dividend for 2024
13 Mar 2025 17:57 ABU DHABI (WAM) Emirates Driving Company, listed on the Abu Dhabi Securities Exchange (ADX), announced that its General Assembly, convened on March 11, 2025, approved a cash dividend distribution to shareholders for the fiscal year ended December 31, approved dividend is set at 34 percent of the company's share capital, amounting to a total of Dh183,164,256, equivalent to 17 fils per share, yielding a 6.25 percent return based on the closing price as of March 11, distribution is an extension of the company's consistent approach to providing rewarding returns to shareholders and distributing cash dividends over the company has maintained a stable policy of regularly and continuously sharing its successes with Board of Directors emphasised their commitment to further supporting the company's strategic direction and strengthening its financial and operational position by focusing on investment in modern technologies, Artificial Intelligence (AI), and human capital stressed the importance of integrating efforts between the executive management and the various business units to ensure the realisation of growth objectives and expansion into new and diverse sectors and activities. The Board members also commended the efforts made to solidify the company's leadership position in the driving education market for 25 years, and to fulfil its vision of creating a safe and responsible driving environment for the community.
Al Etihad
12-03-2025
- Business
- Al Etihad
UAE stock markets make gains amid global turmoil
12 Mar 2025 22:59 A. SREENIVASA REDDY (ABU DHABI)The UAE stock markets made handsome gains on Wednesday after several days of volatility triggered by tariff wars and geopolitical tensions. The Abu Dhabi Securities Exchange's (ADX) general index (FADGI) was up by a decent 0.419%, reaching 9,415.75 points. A total of 26,852 trades were recorded, involving 349 million shares with a combined value of Dh1.436 billion. The total market capitalisation of all companies listed on the ADX reached Dh2.892 gainers included UAQ General Investment (+14.44%), United Arab Bank (+10.145%), Phoenix Group (+8.49%) and Sudatel (+7.91%), while notable losers were Ooredoo (-9.37%), Fujairah Cement (-6.83%) and Alpha Data (-5%).The ADX rally was led by a 5.23% surge in ADNOC Gas, a 5.3% rise in real estate giant Aldar, and a 3.48% gain in Borouge. Alpha Data fell to Dh1.52 on the second day of trading after its listing on Tuesday, losing the gains made on the first day. Emirates Driving Company, listed on the ADX under the symbol 'DRIVE,' approved a cash dividend of Dh183 million for shareholders for the 2024 fiscal year. The dividend equates to 17 fils per share, yielding a 6.25% return based on the closing price on March 11, general index (DFMGI) was up by 0.689% to reach 5157.12.A total of 14,958 trades were executed at the DFM, involving 187 million shares with a combined value of Dh665 million. The prices of 28 companies rose, while 10 declined, and 13 remained unchanged. Among the top gainers were National General Insurance (+9.42%), Union Properties (+9.24%) and Orascom Construction (+6.73%). The most notable losers included National Industries (-7.72%), National International Holding (-4.26%), Al Mal Capital REIT (-3.57%) and Emirates NBD (-2.67%). Dubai's main share index edged higher, driven by a 3.1% gain by Dubai Islamic Bank and a 2.3% rise by Ramz Capital announced in a stock market disclosure that it has been appointed as a liquidity provider for Fertiglobe and ADNOC Gas, both of which are listed on the ADX. A listed company appoints a liquidity provider to optimise share trading by enriching the order book, minimising trading spreads, reducing price volatility, and augmenting trading volume. Al Ramz, a licensed market maker on both the DFM and ADX, has more than 25 years of experience in UAE capital another statement, Emirates Central Cooling Systems Corporation (Empower) said it has signed an agreement to supply district cooling services to the Palm Gateway project in Palm Jumeirah, Dubai.
