Singapore's First APAC Fund VCC, a leading investment entity, has announced plans to invest up to AED 5 billion in Dubai-based AMIS Development, marking a significant milestone in international investment in the UAE’s real estate market.

The collaboration was formalised through a Memorandum of Understanding (MoU), highlighting mutual confidence in Dubai's booming property sector and AMIS Development’s luxury-focused portfolio.

Expanding AMIS Development's Reach

The investment will support AMIS Development in expanding its operations both locally and globally. Key areas of focus include acquiring new land banks, enhancing its project pipeline, forming global brand partnerships, strengthening its project teams, and advancing technology adoption.

Known for blending innovative design, premium locations, and exceptional amenities, AMIS Development aims to elevate living standards while promising substantial returns for investors.

First APAC Fund: Structure and Oversight

The First APAC Fund is headquartered in Singapore and operates under the management of Pilgrim Partners Asia (PPA), a licensed entity by the Monetary Authority of Singapore (MAS).

PPA is authorised under Singapore's Securities & Futures Act and serves as an exempt financial adviser under the Financial Advisers Act. The fund's operations include establishing sub-funds, each functioning as a distinct entity.

For this investment, PPA has engaged Greenback Capital Limited (GBCL), a Dubai-based firm, as the sub-investment manager to oversee transaction evaluation and structuring.

Recent Success Sets the Stage

AMIS Development’s success with Woodland Residences, an AED 425 million project in District 11, Meydan, underscores its market prowess. The development, featuring a unique 100-metre swimmable lagoon, sold out within a week of its launch, with handover scheduled for April 2026.

Neeraj Mishra, CEO of AMIS Development, expressed confidence in the partnership: "This collaboration with First APAC Fund validates our mission to deliver exceptional luxury projects and build integrated communities. The investment strengthens our capacity to scale operations and attract global investor confidence."

Echoing this sentiment, Darrell Lim, Founder of the First APAC Fund, stated: "Dubai’s thriving real estate market and AMIS Development’s leadership create an exciting investment opportunity. This partnership aligns with our strategy of leveraging high-growth markets."

With this agreement, AMIS Development continues its trajectory of growth, supported by the expertise and resources of First APAC Fund.