AMIS Real Estate (Amis) receives the first batch of financing of 5 billion dirhams

Dubai -based real estate development company “AMIS” has announced the first batch of funding allocated from the “Asia and Singaporean Pacific Fund”, which is one of the most prominent investment funds in Singapore. In November 2024, the Fund signed a memorandum of understanding to invest up to 5 billion dirhams at the company “AMIS”.

This funding will be allocated to support the current and future projects of the company, including the acquisition of lands in strategic locations such as “Meydan” and “Dubai Islands”. This financing aims to accelerate the pace of the company’s growth and enhance its project portfolio, in addition to providing more luxury real estate projects that meet the increasing demand for high -end housing units in the UAE.

“We are pleased to receive the first batch of funding allocated by the” Asia and Singaporean Pacific Fund. This major investment allowed us to continue developing residential societies with global standards and expanding the scope of our acquisitions of lands in Dubai. This accelerated growth reflects our investment portfolio and indicates the great confidence that investors attach to our ability to implement luxurious real estate projects with exceptional criteria.

For his part, Daril Lim, the founder and shareholder in the Asia Pacific Fund, added: “We are pleased to support the company“ AIS ”for real estate development through this financing, as the delivery of the first batch of funding is an important step in our partnership. Promising opportunities in the area. “

The Woodland Residenses, which is 425 million dirhams, which was fully sold in January 2024, in addition to the Woodland Terreses project, which is still being implemented, is expected to be delivered in the first quarter of 2027. The company also launched the project project Woodland Crest, which is scheduled to be delivered in the second quarter of 2027. This is in addition to the strategic lands that were acquired in the areas of “Midan” and “Dubai Islands” to develop luxury and modern housing projects.

The Real Estate Development Company “AMIS” and the “Asia Fund and the Singaporean Pacific Fund” are awaiting additional financing operations that will be implemented according to the company’s progress in implementing its growing portfolio and its future projects.

The Asia Pacific Fund has been established in the Republic of Singapore, and the fund consists of several sub -boxes, each of which is separate from the main fund. The Fund is managed by the company “Pilgrim Partners ASIA -PPA”, which is a Singapore Funds Management Company licensed by “MPA” in Singapore and holds CMS100612-1 license to manage the funds according to the “Securities and Futures” law (“SFA” Securities & Futures ACT, and she is also a financial advisor according to the “Financial Advisers Act” law.

The BBA also appointed Greenback Capital Limited, a CAT 3C company registered in the Dubai International Financial Center, as sub -investment director to provide investment management services to the fund. “Greenback Capital Limitide” will play a major role in evaluating and structuring the deal on behalf of the sub -box.